Whether it can rise above 26400.59 is the key

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(BTCUSDT chart)
snapshot
Since it fell in an important area, there is a possibility that the downtrend will continue to the area where it can be supported.

Accordingly, it is important to see if the price can sustain a rise above 26400.59.

The next period of volatility starts around September 1st.

So, until then, we need to see if we can keep the price around 26054.0-26189.99.


It has now been 4 days since I touched the HA-Low indicator on the 1D chart.

So, volatility is likely this week.


(1D chart)
snapshot
Updating the latest prior low, I would expect a decline below 24800.0.

If it doesn't show support after making a new low, I would expect a decline below 22963.0.

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Below BTC 29K I think it's time to focus on BTC or ETH.

Therefore, I think it is good to proceed with buying at a certain rate whenever it shows sideways.

The sideways period must last at least 5 days.


Coins purchased in this way
1st : 28465.36-28923.63
2nd: 31801.04
It is recommended to split and sell when resistance is confirmed near the 1st and 2nd above.

Partial sales must be carried out in such a way that the number of coins corresponding to the profit is left by selling about the original amount of the purchase.

Earning cash returns is important, but increasing the number of BTC or ETH holdings is likely to provide you with opportunities to become rich in the future.

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(BTCKRW chart)
snapshot
It is necessary to check which direction it deviate from the 35092000-36337000 section.


A break below 35092000 is expected to create a new HA-High indicator on the 1D chart.

At that time, it is important to be supported near the HA-High indicator.

A decline without support on the HA-High indicator is likely to renew the previous latest low.

Accordingly, we need to make sure that there is support around 32042000.


(1D chart)
snapshot
The 32042000 point is an important volume profile section, and when it falls to this area, there is a possibility that it will lead to further decline if there is no support accompanied by a large trading volume.

At this time, you need to make sure that it is supported around 26003000-28390000.

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- big picture
snapshot
A full-fledged uptrend is expected to start when it rises above 29K.

81K-95K is the range we expect to touch in the next bull market.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** The trading volume indicator is displayed as a candle body based on 10EMA.
Display method (in order of boldest)
More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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Note
(BTCUSDT 1D chart)
snapshot
The HA-Low indicator on the 1D chart is falling and is about to be created.

Accordingly, if the HA-Low indicator is created at 26151.99, the key is whether it is supported around 26189.99.

If not, it is expected to break the previous latest low.

If it is supported and rises in the 26151.99-26400.59 section of the HA-Low indicator, it is expected to start its ascent to touch the HA-High indicator.

However, since the MS-Signal indicator is located near 27262.84 as a downtrend indicator, it is expected that the upward trend will continue only when the MS-Signal indicator is supported around 27262.84 and turns into an uptrend indicator.


Currently, the HA-High indicator on the 1D chart is located at 30495.92.


You can determine which point to select as an important point by looking at how long the horizontal line is being made.

Therefore, point 26054.0, which is the -100 indicator point, is more important at the current position than point 26400.59.

However, since it is showing support at the 26054.0 point, the key is whether it can rise above 26400.59.
Note
(BTCUSDT 1D chart)
snapshot
When attempting to rise above 26189.99, the HA-Low indicator on the 1D chart showed a decline and was about to be created.

However, with the current decline below 26054.0, the HA-Low indicator is located at the original point of 26400.59.

This makes it 5 days since the HA-Low indicator on the 1D chart was created at the 26400.59 point.

This could be interpreted as resistance at 26400.59, which could lead to further declines.

The previous latest low is in the 24800.0-25166.0 area.

Therefore, if the price fails to rise above the 26054-26400.59 zone during the next volatility period around September 1st, it is expected to fall around the previous latest low.


A move above 26400.59 would suggest a reversal move around 27262.84.

Price needs to stay above 27262.84 to trigger a trend reversal.
Note
(BTCUSDT 1D chart)
snapshot
The HA-Low indicator on the 1D chart was created at the 26151.99 point.

Accordingly, in the 26151.99-26400.59 section, the key is which direction it deviates from the next volatility period around September 1st (August 31st-9th 2nd).
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCKRWBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend Analysis

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