readCrypto

Bitcoin (BTC) - August 24

BINANCE:BTCUSDT   Bitcoin / TetherUS
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(US 100 CFD (Nasdaq) 1D Futures Chart)
The key is whether you can climb to the 12932.3-13743.5 section.

Otherwise, it will drop to the 12212.6-12678.2 section.


(ETH.D 1D chart)
For ETH to maintain its uptrend, the ETH dominance needs to be supported and move higher in the 18.54-20.13 zone.

If not, you need to be careful as the ETH price could plummet.


(BTC.D 1D Chart)
Looking at the previous flow, large volatility occurred in the 39.56-40.44 section.

However, since there was a lot of movement in the section 40.44-41.15 before moving to the section 39.56-40.44, it is expected to touch the section 39.56-40.44 soon.


(USDT.D 1D Chart)
In order for the coin market to turn to an uptrend, I think it should fall below the 4.97-5.53 range.

In order for the coin market to turn upward in this way, funds must first flow into the coin market.


Then, at the beginning of the uptrend, it should show 1. BTC up, 2. BTC dominance up, and 3 USDT dominance down.

This move will lead the coin market to an uptrend as the altcoins begin to rise after a leading increase in the price of BTC as funds are concentrated towards BTC.

When the altcoin starts to rise, 1. BTC rises or moves sideways, 2. BTC dominance declines, and 3. USDT dominance declines.


When the coin market starts to rise, it will go up regardless of the movement of the index in the stock market.

Therefore, you need to be cautious when looking for movements when decoupled from the movements of the stock market index.

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(BTCUSDT 1D Chart)
Two days have passed since the first attempt to break through 21475.02.

Therefore, movement over the next day is important.


The key is to keep the price above 21475.02 for the period around August 21-September 9.


- You should see if the RSI, Stoch RSI, CCI(9) indicators are starting to break out of the oversold zone.

When you break out of the oversold zone, you should check to see if support is found above 21475.02.

If it fails to move above 22579.68-2275.10, it is necessary to prepare for it as it could lead to further declines as a rebound for the downside.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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