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I go on vacation from July 13-15. Charts can be posted from the 16th.
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We need to make sure we can get support from the downtrend line (3).
Also, you need to make sure you can climb above 9274.
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(Binance BTCUSDTPERP 1D chart) The volatility period is closing. You need to make sure you can get support above 9204. In addition, if the price can be maintained above the short-term support point of 9233, it is expected to rise above 9591.11. If you drop from 9204, you can touch below 8837.10.
(OKEX BTCUSDTPERP 1D chart) We need to see if we can rise above the short-term resistance point of 9246. You also need to make sure you can get support at 50EMA. I think there is a possibility to move within the range of Bollinger Bands. Since the Bollinger Bands are starting to converge, there is a possibility that there will be a movement that breaks through the top or bottom. I think it should be converged more.
(USDT Dominance 1D Chart) At 3.39, I'm ascending without resistance. You need to make sure you can get resistance at 3.48. You need to see which direction you're going to be moving during the July 11-18 period. If it rises above the uptrend line, it is expected to be in a downtrend throughout the coin market. If it goes down to the 3.01 point, it is expected to be on the rise across the coin market.
(BTC Dominance 1D Chart) It is easily falling through the 64.06~64.74 section, which was not expected to fall into the support section. If you can resist at 64.06, you are likely to fall below the 63.38 point or below the downward trend line (2). If this happens, Altcoin is expected to be more active than it is today. The altcoin bullish market is expected to close when the BTC price falls sharply below the downtrend line (2) and below the 8463 point on the XBTUSD 1D chart.
** Check 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 profit or loss on investment.
Description of abbreviations shown in chart R: Resistance point or section, where a countermeasure is needed to preserve revenue. S-L: Stop-Loss point or section S: A point or section that can be purchased for profit generation as a support point or section
Nota
(USDT Dominance 1D Chart)
(XBTUSD 1D chart)
(XBTUSD + USDT Dominance Chart)
We created a trend line by linking the key points of the USDT dominance and the key points of the XBTUSD chart.
You can see that the XBTUSD chart is converging. You can see that the peak of this convergence starts around July 19th.
The USDT Dominance Chart is in a state where the chart is broken due to a large upward gap, making it difficult to draw an accurate trend line.
I checked the flow from May 14, after the gap was raised.
On June 1, the USDTC dominance touched below 3.16, making the BTC price a record high of 10473.
Subsequently, USDT dominance rose along the uptrend line (1), and BTC prices gradually declined.
On the USDT dominance chart, it fell below the uptrend line (1) on July 6, creating an altcoin bullish market.
(BTC Dominance 1D Chart) BTC Dominance started climbing on February 14th after touching below 63.38. And, it is now falling back towards the 63.38 point.
After touching below 63.38 points on July 22nd, BTC dominance is expected to rise.
However, the downward trend line (1) created in September 2019 is passing. If the BTC dominance falls below the 63.38 point, and if it falls below the downward trend line (1), I think the BTC dominance is likely to touch the 56.74~58.02 section.
I am saying that it is a market situation where variables overlap with variables. Therefore, I think that you can see the failure of responding to the BTC price trend.
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