Bitcoin (BTC) - September 12

١١ سبتمبر ٢٠٢٢

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(BTCUSDTPERP 1W Chart)

The key is whether it can move above 21481.1 to break out of the medium-term bearish channel.



(1D chart)
It depends on which direction you deviate from the 20798.16-21838.98 section that connects the important points on the 1W chart.


- A move above 21838.98 is expected to move towards the upper end of the Bollinger Bands at 23948.63.

- If it falls below 20798.16, it is expected that it will decline to around 19695.87, near the lower end of the Bollinger Bands.


- The MS-Signal indicator is showing signs of transition to an uptrend.

So, if you hold the price above 20798.16, it is likely to move higher.

However, the RSI, Stoch RSI and CCI(9) indicators are entering the overbought zone.

Therefore, it is important to keep the price above 20798.16 when it breaks out of the overbought zone.

If not, it could lead to further declines, so be careful.

If you take a look at the previous moves, you'll find out why.


- 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 index.

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.


- Since it is located near the 21838.98 point, which is the HA-Low indicator point on the 1W chart, if it rises above 21838.98, the main position is 'LONG'.

- If it declines from 20798.16, the main position is 'SHORT'.

- The section 21475.02-21838.98 is a search section, so you need to be careful when entering a new position.

- The section 20798.16-21475.02 is expected to require a quick response as whipsaw may occur due to rapid movement.

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

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١٢ سبتمبر ٢٠٢٢

ملاحظة

It was posted on the BTCUSDTPERP chart, but it was posted on the BTCUSDT chart.

(BTCUSDTPERP 1D Chart)


If it rises above -21826.1, the main position is 'LONG'.

- When it falls below 20794.4, the main position is 'SHORT'.

- The section 21481.1-21826.1 is a search section, so you must pay attention to entering a new position.

- The 20794.4-21481.1 section is a section where there is a possibility of a whip-saw because it moves rapidly.

١٢ سبتمبر ٢٠٢٢

ملاحظة

(US 100 CFD (Nasdaq) 1W chart)

- From a long-term perspective, we are in an uptrend channel.
- In the medium term, we are in a bearish channel.

So, in the medium term, it needs to move higher than 12932.3 to get out of the downtrend channel.


(1D chart)

The key is whether it can rise above 12678.2 and find support.

- As the Stoch RSI and CCI (9) indicators entered the overbought zone, a short-term decline may occur.

- However, since the RSI indicator did not enter the overbought zone, it is more likely to rise further.


Therefore, if the short-term decline finds support above 12374.1, I would expect it to move higher than 12678.2.

١٢ سبتمبر ٢٠٢٢

ملاحظة

(BTC.D 1D Chart)


(USDT.D 1D Chart)


1. BTC Price Rise
2. BTC Dominance Rising
3. USDT Dominance Decline

If conditions 1-3 are met, the coin market will form a market dominated by BTC.

If a market led by BTC is formed, the price of altcoins is likely to move sideways or fall.

Therefore, it is necessary to check the support and resistance points of the altcoins you have and seek countermeasures.


The point where the entire coin market is expected to show a full-fledged uptrend is above 29K.

Therefore, until then, it is necessary to trade to increase the number of coins (tokens) held as a short-term response.


- You need to be careful in trading, as it cannot be seen that BTC dominance is completely out of the 39.56-40.44 range, which can cause large volatility.

١٢ سبتمبر ٢٠٢٢

ملاحظة

The bar graph of the Long/Short-S indicator is an indicator that shows an uptrend or a downtrend by combining five indicators.

Therefore, it can be interpreted like the histogram of the MACD indicator.

A bar rising from the zero point means rising (LONG), and a falling bar means falling (SHORT).

١٢ سبتمبر ٢٠٢٢

ملاحظة

Spot trading, margin trading, and futures trading are different.

In spot trading, it is better to withstand moderate fluctuations when the price is on an upward trend.


However, in margin and futures trading, it is recommended to trade while responding to fluctuations even if the price is on an upward trend.

Therefore, when entering a position, it is recommended to respond to each half-wave.

At the same time, you need to adjust the weight depending on whether you want to keep or switch the position you entered.


If you are frequently forced to liquidate when trading on margin or futures, you should think that there is a problem with your trading method and thoroughly review your trading method.

If you do a lot of margin and futures trading, you will become familiar with split trading and deciding on the Stop Loss point.


If you're new to margin, futures trading, or are not familiar with it, trade until you can trade any more of your funds around 50-100 USDT.

When you lose money and you can no longer trade, you put in new funds and set it to 50-100 USDT before trading.


Since you often need to enter or exit a position, it is recommended to trade within 10-25% of your investment.

Also, if possible, it is recommended to stop loss and re-establish a position rather than entering an additional position just because it moves in the opposite direction to the entered position.


In the case of spot trading, it is okay to purchase additional funds as the purchased funds do not disappear even if the price falls.

However, there is a forced liquidation when trading on margin or futures, so you need to be extra careful when entering a position.


After entering the position, when the price stops and moves in the opposite direction, it is advisable to split (sell).

Also, if you have realized the first split profit, you should respond to any sudden movements by designating Stop Loss at the average price of entering the position.