readCrypto

Bitcoin (BTC) - September 5

BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart)
The key is whether it can move above 21838.98 after around September 5th.

If not, you need to check if you can get support in section 2 and rise.



(BTCUSDT 1D Chart)
The key is whether it can find support near June 21, 1994 and move higher than 20798.16.


- If the price falls below 19695.87, you should check to see if there is support near the 1st line or around 18353.11.


- The RSI indicator is entering the oversold section, and the Stoch RSI indicator is showing a downward trend in the overbought section.

Accordingly, mixed sales are expected.

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(US 100 CFD (Nasdaq) 1D Chart)
In order to continue the uptrend, it fell in the zone where it needed support.

- The key is whether we can find support near 11953.1, where the uptrend started, and move above 12212.6.


It is important that the -RSI and Stoch RSI indicators find support near 11953.1 when they break out of the oversold zone.

If it doesn't, it could drop to around 11475.5.



(BTC.D 1D Chart)
It is located in the 39.56-40.44 zone where the big volatility is expected to start.

Therefore, a deviation from the 39.56-40.44 range is expected to result in volatility.



(ETH.D 1W chart)
If ETH dominance is maintained in the 18.54-20.13 segment or higher, the price of ETH is expected to rise.

If it falls below 18.54, there is a possibility that ETH price will drop sharply, so be careful.

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BTC Dominance and ETH Dominance are located in the critical section.

Thus, you know that you are in an interval where large volatility can occur at any time.

Trading in these areas can be risky, so you need to trade carefully.

Before trading, you must create a trading strategy and respond mechanically.


However, we must not forget that we are in a good area to buy even if the price goes down or goes up.

We see the maximum decline in BTC price as 13K-15K, so if it goes down in the future, it will drop by -30%.

The coin market requires a trading strategy that can withstand -30% to +30% volatility.

This means that volatility of up to 60% can occur, so unless you are a short-term trader, you should take this into account when crafting your trading strategy.


If the profit/loss ratio of the coins (tokens) you currently hold is within -60%, it is highly likely to recover quickly.

In order to recover quickly, you need a trading strategy that increases the number of coins (tokens) you have.

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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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