Buy period: 1754.58-1913.79 (volatility period: around August 3)

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(ETHUSDT chart)

(1W chart)
The Bollinger bands are beginning to contract, and the contraction range covers the roughly 1168.36-1862.0 interval.

Therefore, to continue the uptrend, we need to see support around 1862.0.

However, even if it drops temporarily, if it shows support around 1611.62, it is expected to show an upward trend.



(1D chart)
The chart looks complicated, but the important support and resistance zone is the 1572.69-1862.0 zone.

If supported and rising in this section, it is expected to rise around 2531.05-2871.13.


Among them, the 1757.58-1913.79 section corresponds to the buying section.

Therefore, if it is confirmed that it is supported in this section, it is possible to buy.

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In order to trade altcoins, it is recommended to check the movement of BTC dominance.

(BTC.D chart)
BTC dominance gives you a rough idea of whether the money in the coin market is concentrated towards BTC or altcoins.

Therefore, in order to trade altcoins, it is recommended to proceed when BTC dominance is showing a decline.


Looking at the big picture of BTC dominance, it is expected to touch around 56.78-61.73.

Therefore, even if the current BTC dominance declines, it is expected to continue to rise eventually, so it is recommended to approach altcoins with day trading or short-term trading.

However, if you want to trade in the mid- to long-term,
1st: BTC 29K or less
2nd: BTC 32K-43K
3rd: Over 43K
You can proceed with the split purchase in the first to third steps above.

The third period corresponds to the full-fledged buying season.


Therefore, when you are in the BTC 29K-32K range, it is a good idea to look for an altcoin you want to trade.

To do so, we need to find the support and resistance sections of the altcoins in the big picture and see what kind of movement they show in that section.

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

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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