readCrypto

Bitcoin (BTC) - September 7

BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart)
We expect the Stoch RSI indicator to enter the oversold zone in the near future.

This time, when the Stoch RSI indicator is out of the oversold zone, it is necessary to check whether the RSI can also get out of the oversold zone.



(1D chart)
It decreased from 19695.87 to the vicinity of line 1.

It is necessary to check whether it can be supported by 18353.11 or later.


- In order to switch to an uptrend, it must rise above 20241.05.

- In order to continue the upward trend, it must rise above 22579.68.


- On the 19th day, the RSI indicator is located in the oversold zone.

When the Stoch RSI indicator moves out of the oversold zone or turns upward, it is necessary to check whether the RSI indicator can also break out of the oversold zone.

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(BTC.D 1D Chart)
Here's how BTC Dominance fell after the rise in the gap.

The decline in BTC dominance means that funds are concentrated towards altcoins.

Therefore, it is highly likely that BTC price whips and volatility will easily occur.

Therefore, short-term traders should be wary of whipsaws.


(USDT.D 1D Chart)
Here's how USDT Dominance moved up after the gap went up.

When USDT dominance declines, it is highly likely that the coin market will rise.


(ETH.D 1D chart)
If ETH dominance is maintained at or above 18.54-20.13, ETH price is expected to rise.

However, it is not known whether ATH can be renewed, so it is necessary to trade cautiously.

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BTC is expected to eventually touch around 13K-15K.

So, buy when it falls near 13K-15K and wait for it to rise.

However, it is not easy to buy because I think it will go down further when it falls near 13K-15K.

So, when to buy is when the price rises above the MA-Signal indicator and the MA-Signal indicator is a bullish indicator.

So, it is better not to think of buying at the lowest point.


Given the relationship between the RSI indicator and the Stoch RSI indicator, which continues to be an example, anyone can make an aggressive buy at a low price.

This aggressive purchase is a short-term transaction, and when the price rises, it is important to increase the number of coins (tokens) you have by selling as much as possible as much as possible. (From a mid- to long-term perspective)

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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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