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Bitcoin (BTC) - August 30

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart)
After September 5th, the key is whether the price can be maintained above the 21475.02-21838.98 section.

1-5 are important sections.

Therefore, it is expected to show a full-fledged upward trend when it rises above section 5.

If it falls below section 1, it will form a new sideways section.



(1D chart)
A new zero point of the OBV indicator was created at the 20241.05 point.

So, the key is whether the price can rise above 20241.05 in the short term to sustain the price.


Bollinger Bands (60) switched from falling to consolidation.

It remains to be seen whether a move out of this consolidation will turn into volatility around September 7th.


If the price falls below 18353.11, there is a possibility that it will move towards 15916.68, so you need to be careful.


After the 'W' pattern in section A, for the uptrend to start again, it must rise at least 20798.16.

- Point drawn on 1M chart: 19695.87
- Point drawn on 1W chart: 20798.16

However, it is important to maintain the price above the HA-Low indicator point, which can be identified as the low point.

And, to sustain the uptrend, it needs to rise above the HA-High indicator point.

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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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Bình luận:
(BTC.D 1D Chart)
It is showing a downward movement towards the 39.56-40.44 section, where large volatility can occur.


(ETH.D 1W chart)
If it falls below the 18.54-20.13 section, there is a possibility that ETH price will drop sharply.

Therefore, the key is whether it can rise in the 18.54-20.13 section.

Above 20.13 is the period where ETH dominance peaked and fell, so more careful trading is required.


Given the current position of BTC dominance and the position of ETH dominance, we expect significant volatility in the near future.


It is necessary to check the trading strategy in progress and make sure that you have enough cash to withstand a sharp drop.


I'm not saying it's going to go down all the time.

When it shows a full-fledged uptrend, it is expected that 1.BTC price will rise, 2.BTC dominance will rise, and 3.USDT dominance will fall.

When the coin market starts to rise in this state, it is expected that 1.BTC price rises or moves sideways, 2.BTC dominance declines, and 3.USDT dominance declines.


As explained above, the short-term uptrend may be seen as BTC dominance declines and ETH dominance rises in the section that I mentioned as an important section at the moment.


Conversely, a rise in BTC dominance and a fall in ETH dominance may show new volatility.

The reason is that BTC dominance does not indicate the movement of the BTC price, rising or falling, but whether the funds are concentrated in BTC or altcoins.


Therefore, the above talk of securing cash should not be understood as a concept of securing cash by stopping loss.
Bình luận:
(BTCUSDTPERP 1h Chart)
** Analysis of 1h charts is for short-term trading and requires a quick response.

In order to turn into an uptrend, it needs to be supported and rise near 20123.1.

Therefore, if supported in 20123.1, the 'LONG' position is the main position.

For the 'Short' position to become the main position, it must be resisted in the 19834.3 section.


The section 19834.3-20123.1 shows mixed trends, so you need to be careful about trading.

[Example of exchange chart setup]

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

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