readCrypto

(HA-High on 1W chart) Need to confirm if it creates at 29003.87

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BINANCE:BTCUSDT   Bitcoin / Tether
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(BTCUSDT chart)
The HA-High indicator on the 1W chart is rising and is about to form at 29003.87.

Therefore, if the HA-High indicator on the 1W chart is created at the 29003.87 point, the important question is whether it can be supported near this point.


The 28465.36-28923.63 section is a volume profile section formed on the 1M chart.

Therefore, if support is confirmed around 29003.87, it is expected to continue its mid- to long-term upward trend.


(1W chart)

Looking at the 1D chart,
From a trend point of view, the possibility of a turn to the downtrend is increasing as it falls below the MS-Signal indicator.

However, if you look at the 1W chart, you can see that it is maintaining an upward trend.

Therefore, even from a mid- to long-term perspective, in order to turn to the downtrend, it must show resistance by falling below the 26574.53-27590.60 zone.


The StochRSI indicator on the 1W and 1M charts are showing a bearish sign, but they are still in the overbought zone.

Therefore, it can be seen that the uptrend is still strong.


From a short-term perspective,
It is a short-selling period when it falls below the HA-High indicator section of the 1D chart, that is, the 29762.38-30495.92 section and shows resistance.

However, from a mid- to long-term perspective,
Since the HA-High indicator on the 1W chart is about to be created at the 29003.87 point, a short-term response requires a quick decision.

From a long-term perspective,
A decline below the 28465.36-28923.63 zone and resistance is expected to reverse the trend.

Therefore, it is a time when you need to make a quick judgment according to your investment period.

If you haven't made a quick decision, you should look at your trading strategy to see if you can buy more when the price drops sharply.


We believe that the current price decline corresponds to a move to the upside.

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(BTCKRW chart)
It is necessary to confirm that it can be supported and ascended in the 37821000-38417000 section.


If the decline continues, it is expected that the HA-Low indicator on the 1D chart will produce an uptrend.

Therefore, if the HA-Low indicator of the 1D chart is newly created, it is important whether it is supported in the vicinity.

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- big picture
A full-fledged uptrend is expected to start when it rises above 29K.

81K-95K is the range we expect to touch in the next bull market.

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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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評論:
(DXY chart)
If DXY moves sideways below 102.034, the investment market is expected to be active.

However, since it will create waves according to the rise and fall of DXY, it is necessary to think about countermeasures against it.

If DXY is possible, sideways in the 97.401-102.034 section is expected to help revitalize the Tuda market, and falling below that level may cause new problems, so we need to keep a close eye on the trend.


(USDT.D chart)
Looking at the USDT dominance chart, around July 5-August 2 corresponds to the volatility period.

Among them, a period of moderate volatility began around July 20 (July 19-21).

Therefore, during this period of medium volatility, you should see if a move outside the 6.85-7.27 zone occurs.


Since starting a trade during a volatility period is highly likely to increase your psychological burden, it is recommended to check the movement at the support and resistance points or sections after the volatility period and see if it is okay to start trading.
評論:
(BTCUSDT chart)
The key is whether there is movement out of the 29762.38-30495.92 section.


(1D chart)
If you change the Source value of the 'Strength' sub-indicator to Heikin Ashi's close, the current RSI indicator will be around 35.

Accordingly, if it falls below 29762.38, it is expected that the HA-Low indicator on the 1D chart will rise and be created.

Therefore, it is important that the HA-High indicator of the 1W chart can be supported around 29003.87, which is about to be created, and the HA-Low indicator of the 1D chart, which is expected to be newly created.


Summarizing the above,
If it falls below 29762.38, the 28465.36-29003.87 section is an important support section.


This week, the HA-High indicator on the 1W chart is about to be created.

And, if an additional decline occurs, it is expected that a new HA-Low indicator on the 1D chart will be created.

Therefore, this week can be seen as an important period of volatility in the current trend.

We need to see if this week's moves will have an impact on the next volatility period around August 21st.

HA-Low and HA-High indicators correspond to indicators that can be traded mechanically.

It displays the basic trade of buying when it is supported and rising from the HA-Low indicator and selling when it rises to the vicinity of the HA-High indicator.


Other trading methods require you to create a trading strategy and trade by checking the support and resistance points and trends displayed on the chart.


The chart above shows only the indicators included in the chart.

Charts can look cluttered because there are so many indicators displayed on them.

In order to reduce these thoughts even a little, we recommend starting with the 1M chart, followed by the 1W chart and then the 1D chart.

If you look at the big picture, i.e., starting with a time frame chart with a large unit and identify the corresponding support and resistance points, I think you can make it easier to respond to fluctuations when you look at a lower time frame chart.

If you're day trading, you don't actually need to check the big time frame charts.

However, if you know the big trend, you can also conduct transactions that can reduce the fatigue caused by day trading, so you can fundamentally offset the loss caused by day trading, so you can guarantee steady profits.

[Example of exchange chart setup]

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

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