Bitcoin (BTC) - September 17

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(BTCUSDTPERP 1D Chart)
As the HA-High index declines, the key is whether it can support and rise in the 19424.9-20662.9 zone.


- If it falls below 19424.9, the main position is 'SHORT'.

- The 19424.9-20662.9 section is a quick response section.

- If it rises above 20662.9, the main position is 'LONG'.


The Stoch RSI indicator has entered the oversold zone.

So, we can see that the Stoch RSI indicator will turn to an uptrend in the near future.

However, since the Stoch RSI indicator needs to get out of the oversold section to know if it can turn into an uptrend, it is recommended to check the flow after breaking out of the oversold section and respond to it.

When the Stoch RSI moves out of the oversold zone, it is important to see where support and resistance are found.


If the CCI line falls below the EMA line, BTC is likely to see a downtrend.

Therefore, if it does not fall in the current zone, BTC is likely to show an uptrend.


For BTC to continue its upward trend, it must rise above the HA-High indicator of 20662.9.

However, when rising
Primary resistance: around 21481.1
Secondary resistance: 22570.6-23937.1

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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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ملاحظة

When it falls below 19424.9

1st support: around 18374.1
2nd support: around 15908.2

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ملاحظة

(BTCUSDT 1D Chart)

The section that can be said to be a sidewalk section is the section 19426.43-20798.16.

Among these sections, the section 19426.43-1995.87 is a support section.

This is the 19946.21-20285.73 section, which is the middle section of the sideways section, and is the boundary section between rising and falling.

The resistance range is 20573.89-20798.16.

In spot trading, it is not necessary to think in detail as above.

The important thing to consider in spot trading is to see support near 19695.87 and see if it can move higher than 20798.16.

Because I think there are very few people who will buy from the current location anyway.


If the price is maintained above the HA-High indicator of 20663.25, BTC is likely to continue its uptrend.

However, since there is a section of 20798.16-21838.98, which is the first resistance section, there is a high possibility that there will be restrictions on the rise.

If it breaks above the 20798.16-21838.98 section, it is expected to rise above 23K.


Since it touched the 18353.11 area and moved higher, finding support near the 19695.87 area may lead to further upside.

However, if it does not break through the above-mentioned sideways section upward, it may fall again to the vicinity of 18353.11, so you need to think about countermeasures.

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ملاحظة

(ETH.D 1D chart)

If it falls below the 18.54-20.13 section, the ETH price is likely to plummet.


(ETHUSDT 1D Chart)

If ETH drops sharply, it is expected to decline to the 924.52-1186.81 section.

If it goes down rather than plunging, you should check to see if it finds support near 1340.12.


Since we entered the medium-term bearish channel, we expect an uptrend if we break out of the bearish channel after around September 26.

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ملاحظة

It is really difficult to trade coins by referring to various economic indicators or various articles.

It is the smartest trading method to create and respond to a trading strategy only with the movement of the coin chart.


Charts contain almost all information.

However, it is only difficult to trade because you can know the direction when the chart moves to some extent.

To compensate for this, you need know-how to objectively judge the movement of the chart.

Therefore, several indicators will be utilized.

The most important of these indicators is finding support and resistance points.

The study of support and resistance is usually the initial study you will study after candles and moving averages when you start studying charts.

However, if you can set the support and resistance points well, they are important enough to successfully close the trade.


It is always recommended to acquire objective information when analyzing charts.

After studying charts to some extent, there are times when it is difficult to see various indicators.

In this way, you will acquire subjective information with the knowledge you have acquired.

At the same time, instead of adapting your thoughts to the flow of the chart, you try to fit the flow of the chart with your thoughts.

If you reach this stage, you will fall into a slump of trading and will be an opportunity to withdraw from the coin market.


You should always use objective information in the chart to see the flow of the chart and create a trading strategy for how to trade in that flow.


Then, if you have time, we recommend that you check the article of the coin (token) you want to invest in or the flow of the world economy.

However, if the article or information on the economy of the four seasons serves as a subjective judgment criterion, it is also more likely to fail in the transaction, so be careful.

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ملاحظة

Among the information being circulated, there is information indicating that funds or coins have flowed into or out of the exchange.

It should not be assumed that such a move might predict the future trend of the coin market.

In particular, the movement of BTC is even more so.

Because BTC has a large BTC market, you can also buy altcoins with BTC, so you cannot figure out why BTC is moving.


I think it is better to understand the movement of funds on USDT and USDC charts than looking at this information.


It is not easy to distinguish useful information from useless information among the circulating information.

Therefore, before reading all the information, it is recommended to look at the reason why you analyzed the chart of the coin (token) you are investing in.