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Bitcoin (BTC) - September 13

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

If the price is maintained above the 40100.0-41950.0 range, it is expected to lead to a full-fledged uptrend.


(1D chart)
The price should hold near the 45135.66 point and see if it finds support by moving towards the 46487.52-49266.69 section.


The 40100.0-41950.0 zone is an important support zone for this uptrend.
Therefore, you should check the 38150.02-41950.0 section to find support and rise when it goes down.


If support is found at the 46487.52-49266.69 zone, it is expected to lead to a move to break above the 49266.69-50931.30 zone again.

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(BTCUSDTPERP 1D Chart)
We need to see if we can sustain the price near the 45163.36 point and move up to the 46559.44-49345.92 point.


Section A is the section where the 60SMA line passing through the section 42125.51-45163.36 and the MS-Signal indicator of the 1W chart pass, and it can be said to be an important section in this uptrend.

So, if the decline from the 42125.51 point is likely to turn into a downtrend, you need to trade cautiously.

However, from an overall perspective, the 38200.01-46559.44 section is a sideways section, so you should also think about how to respond to the rebound.


It remains to be seen if the center line rises as the green of the OBV on the volume indicator increases.

If the trading volume shows an increase in the 449.199K-1.417M section indicated in the trading volume indicator, the BTC price movement is expected to become active.


In the CCI-RC indicator, it is necessary to check whether the CCI line touches the EMA line and there is an upward movement.


The next volatility period is around September 26 (September 25-27).

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

In the short term, the 40163.5-45211.0 zone is an important support zone for continuing the uptrend.

Above the 47010.0 point, if the price is maintained as a high point, it is expected to create a new wave.

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(BTC Dominance (BTC.D) 1D Chart)
BTC Dominance touches near point 40.02 and is located in section 40.02-41.73.

Referring to the previous movement, it can be seen that an important support and resistance section has been formed near the 41.73 point.

So, if there is a move above the 41.73 point, there is a chance that the BTC price will fall further.

If the dominance is maintained below the 41.73 point, the coin market is expected to form a new bull market.

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(USDT Dominance (USDT.D) 1D Chart)
We need to see if we can find resistance in the 3.009-3.374 section and move down.

From a short-term perspective, it is expected that the coin market will continue its upward trend when it receives resistance and falls in the range of up to 3.500-3.746.

From a mid- to long-term point of view, if it rises to the 4.158-5.003 section, I think the coin market is likely to turn into a downtrend.


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

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I think the USDT chart and USDC chart are charts that give you a brief overview of the amount of money that has entered the coin market.

Thus, the rise of the USDT chart and the USDC chart is a quick reminder that the size of funds in the coin market is increasing.

(USDT 1W chart)

(USDC 1W chart)

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(XBTUSD 1M Chart)
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.

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


Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as the parts that have not yet been created may have the same flow as section A.

The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.

There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section b.

If it fails to break through section a upward, I think it can represent the same flow as section A.

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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)
Komen:
The target points you consider important in investing are practically unimportant.

The most important thing is your mental state to overcome the roller coaster that continues until you reach the goal you set as the goal point.

Therefore, the target point can be raised or lowered until your mental state is stable.

In order to keep one's psychological state stable, it will depend on the ratio of one's investment, the nature of the investment, and the investment style.

For example, if you assume that your investment is $1,000, your mental state will show a lot of difference depending on whether you have invested all $1,000 or only $500.

In any case, you should always have a portion of your investment in the form of available cash as a spare.

Depending on the nature of one's investment, that is, whether the funds will be used for other purposes, or whether they are funds that do not interfere with daily life even if they disappear, one's psychological state in investing is determined.


The most important thing in the investment market is how to keep your psychological state stable, and it depends on how much you distribute your investment to increase your money turnover.


If you want to set your own target point up to the target point predicted by a famous analyst or investor, you need to think a lot about how to handle the risks involved.
Komen:

BTC Dominance Rising
ETH Dominance Fall
USDT Dominance Rising

As a result, there is a movement to increase volatility.

As a result, it is expected that the price of BTC and ETH will become more volatile.

As I said today, it is necessary to check if there is movement in the support and resistance areas.


As the upward trend of the USDT chart continues, you can see that funds are continuing to flow into the coin market.

It is necessary to take some time to think about how to increase the number of tokens you own by responding to the average unit price of your tokens.

The basic way to trade is to sell when the price goes up and buy when the price goes down.

It's not easy to elaborate on the details, but you should sell when the price rises to find resistance and buy when the price falls and find support.

To make these trades, you need to know where the support and resistance zones are.
Even if the support and resistance sections do not match, I think that the trading method in the investment market is to deal with the situation through split trading.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Penafian

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