Bitcoin (BTC) - August 10

9 de ago. de 2022

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(BTCUSDT 1h chart)

** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.

The interval 22579.68-23312.42 is an important volume profile interval.

Therefore, it is expected that the trend will continue in the direction out of this section.


However, as a short-term uptrend is currently formed, the key is whether it can rise above the 23312.42-23414.04 section.

If it does not rise above the 23312.42-23414.04 section and falls, there is a possibility to touch the 22579.68-22753.10 section.

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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 through split trading. It is a short-term investment perspective.)

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10 de ago. de 2022

Nota

(USDT 1W chart)

What can be known from stablecoin charts such as USDT and USDC charts is the approximate flow of funds.

Therefore, when the gap rises, it can be said that funds have flowed into the coin market.

Conversely, when the gap falls, it can be said that funds have flowed out of the coin market.

It is recommended to check these gaps on a 1D chart.


What I want to explain today is that the USDT chart is moving towards closing its first wave.

The RSI is still in the oversold zone, so we need to check the movement when it comes out of the oversold zone, but we can see that it is almost closing its first wave.


If USDT falls below the 62.021B-64.339B range, we expect to enter a long bear market.


For the coin market to lead to a bull market, funds must first flow in.

Without such an influx of funds, I don't think the coin market will ever lead to a bull market.


This is the end of the first wave and we need to see if the money is coming in.

10 de ago. de 2022

Nota

(US 100 CFD (Nasdaq) 1D Futures Chart)

In a situation where there is no inflow of funds to the coin president, I think that the drop in the NASDAQ index can exert an influence on the coin market.

The reason is the rise in USDC.

A rise in USDC means that funds from institutional investors in North America are flowing into the coin market.

Therefore, it is likely to be affected by the existing stock market.


BTC price movement has been in a different direction than the Nasdaq index for several days.

If you look at the flow of money at this time, you can see that money has flowed into the coin market.


However, since the funds are continuously outflowing, I think that the flow of the coin market is highly likely to maintain a downward trend.

Therefore, even if the price rises, it is highly likely to be a rebound from a downtrend, so I think the trade should be traded from a short-term perspective.


There are all kinds of announcements in the press, but before this announcement, the investment market, that is, the stock market or the coin market, is a pre-reflected movement.

A move that came forward is more likely to lead to a move that is reversed after the announcement.


All kinds of announcements made in the media can be confusing to individual investors.

Therefore, making an investment decision based on what is published in the press is likely to result in loss, so it should be oriented.


It's not good to believe what the media says.

What we, as traders, have to believe in are charts.

10 de ago. de 2022

Nota

(BTCUSDTPERP 1h Chart)

The key is whether the price can be maintained above the 23772.9-23896.9 zone.

If supported, I would expect an attempt to move higher above 24464.1.


(1D chart)

I do not need to explain, but the next volatility period is around August 25th.

This volatility period is slightly different from the BTCUSDT chart based on this chart.
(BTCUSDT 1D Chart: tradingview.com/x/nZgYXael/)

In any case, we need to see if we can break through the resistance zone of 24K-25K (based on the BTCUSDTPERP chart: 25459.8).


Predicting too sensitively about the various issues that are covered in all kinds of media should be directed.

This is because most of the prices are reflected in advance, so movements after being announced in the press can move in the opposite direction to the current trend.


Therefore, in order to trade, it is recommended to check the movement of the chart first, establish a trading strategy, and then refer to various press releases.


Institutional and high-capital investors think they want more returns.

Therefore, individual investors should always follow the patterns of both institutional and high-capital investors.


Media play often confuses individual investors from making such judgments, so be careful.