Bitcoin (BTC) - August 4

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(BTCUSDT 1W Chart)
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If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue.

In particular, if the price is maintained above the 40100.0 point, it is expected to continue the uptrend in earnest.


(1D chart)
To sustain this uptrend, the price needs to remain above the 35045.0-35286.51 range.

We will have to wait and see if there is any movement out of the 37253.81-40100.0 zone due to the volatility around August 3 (Aug 2-4).


In the wRSI_SR indicator, the RS line fell below 20.
It remains to be seen if the RS line moves above 20 and can signal a short-term uptrend.

In the CC-RC indicator, we need to see if the CCI line can touch the EMA line and indicate an uptrend.

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(BTCUSDTPERP 1D Chart)
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The price needs to remain above the 35746.28 point to continue this uptrend.

If the 37243.38-38200.01 section is touched and the sharp rise leads to the 39966.23-40189.39 section, I expect the 42125.51 point and an attempt to break out of the downtrend line will continue.


We will have to wait and see if there is any movement out of the 37243.38-40189.39 section due to the volatility around August 4th (August 3-5).

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(XBTUSD 1W Chart)
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If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.

In particular, if the price is maintained above the 40163.5 point, it is expected to continue the uptrend in earnest.

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(BTC Dominance (BTC.D) 1D Chart)
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A decline in BTC dominance is likely to lead to a rise in the price of altcoins.

Conversely, a rise in BTC dominance is likely to lead to a fall in the price of altcoins.

If it falls below the downtrend line (1), it is highly likely that a whipso will occur in the BTC price movement, so you need to be careful when trading BTC.

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(USDT Dominance (USDT.D) 1D Chart)
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We need to see resistance at the 4.158 point and see if we can move below the 3.374 point.


If the USDT dominance declines, the price of BTC will rise, and the price of altcoins is likely to rise as well.

USDT Dominance falling below the downtrend line (2), indicating that the coin market is moving towards an uptrend.

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(USDT 1D Chart)
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We need to see support and see if we can move higher at 61.765B.


Looking at the USDC 1D chart (tradingview.com/x/vvQmiHIw/), we should see if there is an uptrend along the uptrend line.


I think the rising gap between USDT and USDC shows that money is flowing into the coin market.

Conversely, a fall in the gap indicates that money is flowing out of the coin market.

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(ETH Dominance (ETH.D) 1D Chart)
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We need to see if we can move above the 20.52 point along the uptrend line.


A rise in ETH dominance could lead to a rise in ETH price.
Also, I think it has some effect on the BTC price.

It remains to be seen if ETH dominance can continue to influence BTC price by continuing its uptrend.

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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 in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See 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 a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(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.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
注释
I am writing this to help you understand how to view charts.


(BTCKRW 1M chart)
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(1W chart)
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(1D chart)
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The trend is directly displayed on the chart.

It is expressed by MS-Signal and M-Signal lines included in the MRHAB-B indicator.

The MS-Signal indicator indicates the trend in the chart unit you are currently viewing.

Therefore, looking at the 1D chart, the MS-Signal indicator shows an upward trend, meaning that it is showing an upward trend on the 1D chart.

The M-Signal line in the 1D chart is an indicator that expresses only the M-Signal line in the MS-Signal index of the 1W chart because it is set to 1W in the setting of the MRHAB-W index.

So, on the 1W chart, it means that it is trending down.


Taken together, it can be said that the 1D chart shows a short-term uptrend, but has failed to break through the important trend of the 1W chart and is finding resistance.

This movement is supported by the MS-Signal indicator on the 1D chart and rises to form a tipping point to break through the main resistance section upwards, or the MS-Signal indicator on the 1D chart moves downward and turns into a downtrend. It can be said that it is located in


Looking at the 1M chart, the MS-Signal indicator is on an upward trend, showing a thick range.
By touching this indicator, it is moving from a bearish to an uptrend.

It can be seen that the current trend is in a strong uptrend.


I am well aware that it is difficult to see the chart due to the frantic lines.
However, the flow of the chart is accurately expressed.
注释
I see support and resistance points or sections as important.
So, the written expression mainly refers to support and resistance points or sections.

A trend or direction is expressed in a chart as an indicator.
(MS-Signal, M-Signal, CC-RC)


I applied someone else's formula to properly interpret the volume expression, but the OBV indicator in the trading volume indicator is an important indicator of buying and selling trends for me.

In addition to the MS-Signal indicator and M-Signal line, the CCI-RC indicator is used as a trend indicator.


The CCI-RC indicator is also useful because it provides information about whether a box interval is formed.

If the CCI line is located in the range of -100 to +100, I think it will form a large box section.

If the CCI line falls below -100, the price is most likely in a downtrend, and if it is above +100, it is most likely in an uptrend.


If the MS-Signal indicator is on an upward trend and the CCI line is rising above the EMA line in the CCI-RC indicator, and the RS line is falling in the wRSI_SR indicator, it can be interpreted as a possible pull back.

Since the wRSI_SR indicator always creates a wave by expressing a short-term flow, it is used as it is judged to be helpful in understanding the current flow from a short-term perspective.
注释
Because the trend expression is created and expressed as an indicator, it is less likely to immediately reverse the trend due to price volatility.

We tried to express the trend so that anyone can check the trend from an objective point of view.

Indicators are lagging because they are expressed by calculating price and volume.
To compensate for this, there are many lines on the chart to represent points or sections of support and resistance.
Bitcoin (Cryptocurrency)btcdominanceBTCKRWBTCUSDTBTCUSDTPERPChart PatternsethdominanceTechnical IndicatorsTrend AnalysisusdtusdtdominanceXBTUSD

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