Bitcoin (BTC) - September 10

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(BTC.D 1D Chart)
captura
The rise in BTC dominance can be interpreted as a concentration of funds towards BTC.

(USDT.D 1D Chart)
captura
A decline in USDT dominance can be interpreted as a high probability that the coin market will rise.


Therefore, it can be said that BTC is leading the movement of the coin market with the rise of BTC dominance and the decline of USDT dominance.

If this movement continues, most altcoins will likely go sideways or decline.


However, if the BTC price rises to some extent and goes sideways or rises slowly, the altcoins will start pumping.

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(BTCUSDTPERP 1W Chart)
captura
The key is whether it can move above 21481.1 to break out of the medium-term bearish channel.



(1D chart)
If the price is maintained above the HA-Low and MS-Signal indicators, it is expected to turn into an uptrend.

However, in order to continue the upward trend, it must rise above the HA-High indicator.

Therefore, it is necessary to check whether the HA-Signal indicator on the 1W chart rises above 21826.1, the point of the HA-Signal indicator, and shakes up and down to make the HA-Signal indicator decline.

Otherwise, we should also see if we can rise above 22937.1 by going up like this.


- The main position is 'LONG' because it has risen above the HA-Low indicator.

However, you need to be careful as it may receive resistance and decline in the 21481.1-21826.1 section.

Point 21826.1 is the point where the HA-Low indicator of the 1W chart passes.

So, if we find support at 21826.1, we expect it to lead to further gains.

If you receive resistance in the 19424.9-19930.6 section, your main position is 'SHORT'.


- Analyzing charts with trends is just analysis and there is a limit to using it for trading.

So, no matter how you analyze it, you need to select support and resistance points in order to trade.

The current chart is a trend analysis, but you can create a trading strategy by using the horizontal points of the HA-Low, HA-High, and MACD-P indicators as support and resistance points.

Therefore, what kind of trading strategy you create at the selected support and resistance points will determine the winning or losing of the trade.

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- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.

So, whether it rises or falls from its current position, both require a short-term response.

A full-fledged uptrend is expected to begin when it rises above 29K.

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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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Nota
During the Chuseok holiday (September 9-12), we will only post articles on the BTC chart.

Happy Chuseok holidays, have a great weekend.
Nota
captura
There is no guarantee that it will objectively support at 491 and move higher than 538.

Therefore, in order to create a trading strategy, you need to create a strategy in case of resistance near 491 and a decline.


The 491 point is the -100 indicator point included in the MRHAB-T indicator.

Therefore, if it rises above 491 and maintains the price, it is an important point where it is expected to break out of the downtrend and enter the sideways section.

Therefore, there are good reasons to make a trading strategy at 491 point.
Nota
If you only look at the chart for price volatility, i.e. trend, then you are more likely to lose money due to sudden movements.

Therefore, in order to trade, it is important to select support and resistance points or sections and check the movement at those points or sections.


Short-term traders should be wary of whipsaws, as BTC dominance is located in an area that can exhibit high volatility.
Nota
- Long-term investment refers to an investment that requires a holding period of approximately two years or more.

Mid-to-long-term investment refers to an investment that requires a holding period of at least 6 months and 1 to 2 years.


- What is important in mid- to long-term investment is not the average purchase price, but how much you increase the number of coins (tokens) you have.

Therefore, it doesn't matter which point or section you buy.

However, it is necessary to use a trading method that recovers the purchase principal and increases the number of coins (tokens) corresponding to profits by dividing the purchase by unit price.


- If you have an investment that can be held for a long period of time, it is best to invest in BTC, ETH.


- What is important in short- and medium-term trading is the average purchase price.

It is important how much the average purchase price can be lowered through split purchases.

Then, when the price rises, you can maximize your cash return by selling splits based on support and resistance points or yields.


- I mentioned that a trading method that increases the number of coins (tokens) held is necessary for mid- to long-term investment.

In order to use a trading method that increases the number of coins (tokens) you have, you can use the method of selling as much as the purchase principal in the case of split sales in the method of short-term and medium-term transactions.

However, this method is recommended for those who are unfamiliar with day trading or short-term trading, as there is a high probability of trading failure.

Therefore, you should check and trade the indicators on the charts I am providing, and movement in support and resistance points.

At this time, the important thing is to buy so that you do not run out of cash.

When the cash is exhausted, it will not be possible to proceed with transactions that increase the number of holding coins (tokens).

Then, be careful as you may miss the opportunity when it comes to you.
Nota
The problem is that the price will drop further, so it is better to wait without trading.

In order to earn profits through investment and trading, you can only accumulate know-how through various trades.

Therefore, if the price is likely to fall further, it is important to reduce the number of trades during a downtrend to avoid running out of cash.


When the coin market is in an uptrend or in a downtrend, the price moves in waves.

Therefore, if you are on a downtrend and waiting for it to turn into an uptrend, you are likely to lose your trading sense, so it is better to aim.


As I said before, when the market is up, all you have to do is sell in installments to maximize your profits.

So, there is nothing to do when it starts to show an uptrend.


Investing and trading are on a downtrend, when the price falls.

Buy when the price declines and shows support at any point or zone.

And, when it rises to a certain point or section and shows resistance, sell it to make a profit.


If you don't do anything in a downtrend or when the price goes down because you're afraid it's going to go down further, you'll most likely end up making a crazy deal to buy when the price rises and rises to a resistance point or zone.

Therefore, you need to be able to select support and resistance points or zones well in order to trade.

When it comes to trading, nothing is more important than this.

Usually, if you pay attention to the trend, such as whether it will rise further or fall further, you will not be able to respond when the price moves in the opposite direction you thought because you could not create the necessary trading strategy, and it would lead to a big loss.


A trading strategy is to start buying and set up how to react when the price drops.

If you just remember this, you will be able to make a successful trade.
Nota
(BTCUSDT 1D Chart)
captura
The key is whether you can support and rise in the 21481.1-21826.1 section.

If the price holds above 20794.4, it is expected to lead to further gains.


The RSI, Stoch RSI, and CCI(9) indicators have all entered the overbought zone and it is time to sell in installments.
Bitcoin (Cryptocurrency)BTCBTCKRWBTCUSDBTCUSDTBTCUSDTPERPChart PatternsTechnical IndicatorsTrend AnalysisUSDCusdtXBTUSD

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