Bitcoin (BTC) – Aug 29 for BINANCE: BTCUSDT By ReadCrypto – Todayuknews – Todayuknews

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( BTCUSDT 1W diagram)

If the price is held above the 28130.0-29300.0 area, the uptrend is expected to continue.

If the price is held above the 40100.0-41950.0 range, it is expected that this will result in a full-fledged uptrend.

When it rises above point 46930.0, it enters the section with the highest point.

If the price holds above the 46930.0 point, a new wave is expected to emerge.

(1D diagram)

It is an important section that determines the direction in section 46487.52-49266.69.

46487.52-49266.69 Check whether the section is moving.

1st resistance section on the ascent: 54825.03-56578.21

1st column section on a slope: 43916.35-46930.00

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( BTCUSDTPERP 1D diagram)

snapshot

The section 46559.44-49345.92 is the section that determines the direction.

It must be checked whether it is due to the volatility from August 19th to 29th.

1st resistance section on the ascent: 54918.88-56630.33

1. Support part when falling: 43945.50-46837.06

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( XBTUSD 1W diagram)

snapshot

If the price is held above the 27650.0-29350.0 area, the uptrend is expected to continue.

Above the 47010.0 point, a new wave is expected to emerge if the price is held as a high.

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( BTC Dominance ( BTC .D) 1D diagram)

snapshot

We have to see if we can fall below point 43.17.

If it rises above the 48.81-50.86 section, the coin market is very likely in a downtrend in my opinion.

—————————————————————

(USDT Dominance (USDT.D) 1D Chart)

snapshot

It remains to be seen if the altcoin bull market can be in full swing by falling below the 3.009 point.

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(USDT 1D diagram)

snapshot

We are going to show you a new type of diagram.

Any rise above 62.904B is expected to start a new trend in the coin market.

With view on USDC 1W chart (https://www.tradingview.com/x/83wP28kc/), we should see if there is an uptrend along the uptrend line.

————————————-

(ETH dominance (ETH.D) 1D diagram)

snapshot

We need to see if there is any movement above the downtrend line (1).

Specifically, we need to see support at 18.13 and see if it increases.

——————————————————–

( XBTUSD 1M diagram)

snapshot

All patterns and waves can be known when they are completed. Hence, it is best to make a trade based on your average unit price rather than a trade based on predictions.

Looking at the bigger picture, I think there are 4-5 waves going on.

Depending on how you interpret Section A, the wave may be different.

Likewise, you need to be more careful when trading as the parts that have not yet been created may have the same flow as Section A.

The expected section of ascent is near section 80574.0-83397.0.

This is an expected value taking into account the fluctuation range that has increased from the 1st section to the 2nd section.

There are two major zones of resistance to move up to the expected zone.

The two large resistor sections are section a and section b.

If it doesn’t break up section a, it may represent the same flow as section A in my opinion.

————————————————

We recommend that you trade with your average unit price.

This is because if the price is below your average unit price, whether it is in an uptrend or a downtrend, the chances are high that you will not be able to make a big profit because of the psychological distress.

The midpoint of all trading starts with the average unit price at which you start trading.

If you ignore this, you may be acting in the wrong direction.

It is therefore important to find a way to lower the average share price and adjust the proportion of the investment so that the funds corresponding to the profits can ultimately regenerate themselves.

—————————————————————————————————————–

** All indicators are trailing indicators.

Therefore, it is important to know that the indicator moves in accordance with the price movement and volume .

For the sake of simplicity, however, when interpreting the indicator, we speak the other way around.

** The wRSI_SR indicator is an indicator that can be obtained by adding settings and options to the existing Stochastic RSI Indicator.

Hence the interpretation is the same as the traditional one Stochastic RSI Indicator. (K, D line -> R, S line)

** The OBV indicator was recreated by applying a formula to the DepthHouse Trading indicator, an indicator published by oh92. (Thanks for that.)

** See support, resistance and cut-off points.

** Support or resistance based on the closing price on the 1D chart.

** All descriptions are for reference only and do not guarantee any gain or loss on the investment.

Explanation of the abbreviations shown in the table

R: A point or section of resistance that requires reaction in order to gain gains.

SL: Stop Loss Point or Section

S: A point or section that you can buy as a support point or section to make a profit.

(Short term stop loss can be referred to as a point where gains and losses can be obtained or additional inputs can be made through split trading. It is a short term investment perspective.)

GAP refers to the price difference that occurred when the stock market, CME , and BAKKT exchanges have closed because they are not traded around the clock.

G1: closing price when closed

G2: opening price

(Example) gap (G1-G2)


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