Bitcoin (BTC) - August 7
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(BTCUSDT 1M Chart)
Among the various indicators included in the MRHAB-O indicator, the indicator displayed on the chart is an indicator made to be displayed using the OBV formula, which is an auxiliary indicator.
Thus, it shows that they form an important volume profile point.
For this reason, the interval 28130.0-29300.0 forms an important interval.
(The MRHAB-O and MRHAB-B indicators used in this chart are not disclosed, so you can share this chart, copy the indicators, and paste them into the chart you use.
Although the indicator was not disclosed, there are no restrictions on its use.)
(1W chart)
If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue.
It is breaking above the 40100.0-41950.0 section.
You need to make sure you can get support at the 41950.0 point.
If the price is maintained above the 40100.0-41950.0 range, it is expected to lead to a full-fledged uptrend.
(1D chart)
To sustain this uptrend, the price needs to remain above the 35045.0-35286.51 range.
It is breaking through the psychological resistance section of 40100.0-41950.0.
If support is found at 41950.0, it is expected to move up to 46930.0-49266.69 and determine a new direction.
If you look at the slightly larger picture, the 38150.02-46487.52 section is a sideways section.
If there is a lot of buying in this sideways section, it is expected that the upward trend will accelerate while breaking above the 46487.52-49266.69 section.
As the green color of the OBV in the volume indicator increases, you can see piecemeal whether the buying trend is increasing as the center line rises.
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(BTCUSDTPERP 1D Chart)
The price needs to remain above the 35746.28 point to continue this uptrend.
It is breaking above the previous high of 40189.39-42125.51.
The 38200.01-46559.44 section is a sideways section in terms of the overall flow.
If the price is maintained in this section, it is expected to rise to the section 46559.44-49345.92.
The section 46559.44-49345.92 is an important section and I think it is a section that determines the direction anew.
Therefore, there is a possibility of receiving resistance as volatility may occur.
If it rises to the 46559.44-49345.92 section and then falls, it is important to see support above the 45163.36 point.
The 45163.36 point is also a psychological support point, and if it declines from the 45163.36 point, I think it is highly likely that there will be a lot of selling.
The next volatility period is around August 20-28.
------------------------------------
(XBTUSD 1W Chart)
If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.
It is breaking above the 40163.5-42084.0 section, which is the previous high and psychological resistance section.
In particular, the A section, 42084.0-45211.0 section, was an important support section to rise above 50K.
However, since the support section is weak, it forms a psychological support and resistance section.
If the price maintains and rises in the 40163.5-45211.0 section, it is expected to lead to a strong uptrend.
With this rise, it can be seen that the 27650.0-35028.0 section forms an important support section.
----------------------------------
(BTC Dominance (BTC.D) 1D Chart)
A decline in BTC dominance is likely to lead to a rise in the price of altcoins.
Conversely, a rise in BTC dominance is likely to lead to a fall in the price of altcoins.
If it falls below the downtrend line (1), it is highly likely that a whipso will occur in the BTC price movement, so you need to be careful when trading BTC.
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(USDT Dominance (USDT.D) 1D Chart)
Volatility around Aug 6 (5-7 Aug) should find resistance at the 4.158 point and see if it can move below the 3.374 point.
If the USDT dominance declines, the price of BTC will rise, and the price of altcoins is likely to rise as well.
USDT Dominance falling below the downtrend line (2), indicating that the coin market is moving towards an uptrend.
----------------------------
(USDT 1D Chart)
We need to see support and see if we can move higher at 61.765B.
If you look at the USDC 1D chart (tradingview.com/x/f4W9mcF4/), you should watch for an uptrend along the uptrend line.
In particular, if it goes down, we should see support from the 26.129B-26.581B zone and see if it can move higher.
I think the rising gap between USDT and USDC shows that money is flowing into the coin market.
Conversely, a fall in the gap indicates that money is flowing out of the coin market.
----------------------------------
(ETH Dominance (ETH.D) 1D Chart)
We need to see if we can move above the 20.52 point along the uptrend line.
A rise in ETH dominance could lead to a rise in ETH price.
Also, I think it has some effect on the BTC price.
It remains to be seen if ETH dominance can continue to influence BTC price by continuing its uptrend.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(BTCUSDT 1M Chart)
Among the various indicators included in the MRHAB-O indicator, the indicator displayed on the chart is an indicator made to be displayed using the OBV formula, which is an auxiliary indicator.
Thus, it shows that they form an important volume profile point.
For this reason, the interval 28130.0-29300.0 forms an important interval.
(The MRHAB-O and MRHAB-B indicators used in this chart are not disclosed, so you can share this chart, copy the indicators, and paste them into the chart you use.
Although the indicator was not disclosed, there are no restrictions on its use.)
(1W chart)
If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue.
It is breaking above the 40100.0-41950.0 section.
You need to make sure you can get support at the 41950.0 point.
If the price is maintained above the 40100.0-41950.0 range, it is expected to lead to a full-fledged uptrend.
(1D chart)
To sustain this uptrend, the price needs to remain above the 35045.0-35286.51 range.
It is breaking through the psychological resistance section of 40100.0-41950.0.
If support is found at 41950.0, it is expected to move up to 46930.0-49266.69 and determine a new direction.
If you look at the slightly larger picture, the 38150.02-46487.52 section is a sideways section.
If there is a lot of buying in this sideways section, it is expected that the upward trend will accelerate while breaking above the 46487.52-49266.69 section.
As the green color of the OBV in the volume indicator increases, you can see piecemeal whether the buying trend is increasing as the center line rises.
-------------------------------------
(BTCUSDTPERP 1D Chart)
The price needs to remain above the 35746.28 point to continue this uptrend.
It is breaking above the previous high of 40189.39-42125.51.
The 38200.01-46559.44 section is a sideways section in terms of the overall flow.
If the price is maintained in this section, it is expected to rise to the section 46559.44-49345.92.
The section 46559.44-49345.92 is an important section and I think it is a section that determines the direction anew.
Therefore, there is a possibility of receiving resistance as volatility may occur.
If it rises to the 46559.44-49345.92 section and then falls, it is important to see support above the 45163.36 point.
The 45163.36 point is also a psychological support point, and if it declines from the 45163.36 point, I think it is highly likely that there will be a lot of selling.
The next volatility period is around August 20-28.
------------------------------------
(XBTUSD 1W Chart)
If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.
It is breaking above the 40163.5-42084.0 section, which is the previous high and psychological resistance section.
In particular, the A section, 42084.0-45211.0 section, was an important support section to rise above 50K.
However, since the support section is weak, it forms a psychological support and resistance section.
If the price maintains and rises in the 40163.5-45211.0 section, it is expected to lead to a strong uptrend.
With this rise, it can be seen that the 27650.0-35028.0 section forms an important support section.
----------------------------------
(BTC Dominance (BTC.D) 1D Chart)
A decline in BTC dominance is likely to lead to a rise in the price of altcoins.
Conversely, a rise in BTC dominance is likely to lead to a fall in the price of altcoins.
If it falls below the downtrend line (1), it is highly likely that a whipso will occur in the BTC price movement, so you need to be careful when trading BTC.
------------------------------------------------------------
(USDT Dominance (USDT.D) 1D Chart)
Volatility around Aug 6 (5-7 Aug) should find resistance at the 4.158 point and see if it can move below the 3.374 point.
If the USDT dominance declines, the price of BTC will rise, and the price of altcoins is likely to rise as well.
USDT Dominance falling below the downtrend line (2), indicating that the coin market is moving towards an uptrend.
----------------------------
(USDT 1D Chart)
We need to see support and see if we can move higher at 61.765B.
If you look at the USDC 1D chart (tradingview.com/x/f4W9mcF4/), you should watch for an uptrend along the uptrend line.
In particular, if it goes down, we should see support from the 26.129B-26.581B zone and see if it can move higher.
I think the rising gap between USDT and USDC shows that money is flowing into the coin market.
Conversely, a fall in the gap indicates that money is flowing out of the coin market.
----------------------------------
(ETH Dominance (ETH.D) 1D Chart)
We need to see if we can move above the 20.52 point along the uptrend line.
A rise in ETH dominance could lead to a rise in ETH price.
Also, I think it has some effect on the BTC price.
It remains to be seen if ETH dominance can continue to influence BTC price by continuing its uptrend.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
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