Need to see if it can rise above 27162.14

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(BTCUSDT chart)
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It remains to be seen if the price can sustain its rise above 27162.14.

If it fails to rise above 27162.14, I would expect a decline around 23393.32.

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(BTCKRW chart)
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It is up to you whether you can climb to the 36408000-38143000 range or higher.

If not, you need to check if it is supported near the HA-Low indicator on the 1D chart.


An important indicator is passing in the 27162.14-28465.36 section.

And, since support and resistance points are being formed at 29281.09, it must rise above 29281.09 to eventually turn into an uptrend.


(1W chart)
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If the decline continues this time, the HA-High indicator on the 1W chart is expected to decline.

If the HA-High indicator is created with a decline, it is important whether there is support around it.

Currently, the HA-High indicator is located at 59370.07.


(1D chart)
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Currently, the HA-Low indicator on the 1D chart is located at 21574.97.

If it fails to rise above 27162.14 and falls, it is expected that a new HA-Low indicator will be created just like the HA-High indicator on the 1W chart.


Accordingly, if you see support in the section formed by the HA-Low indicator on the 1D chart and the HA-High indicator on the 1W chart when the decline continues, I think that is the time to buy.

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A pullback that occurs without any particular issues is likely to form a pull back pattern to lead to a large uptrend.

The USDT chart is the market cap chart you need to watch carefully because you think that the coin market is showing a phenomenon of outflow of funds.

(USDT 1D chart)
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So far, there is an exclamation mark on the Market cap chart, so it seems that the collection of data generated by this volatility is not exactly over yet.

So, I don't think it's good to predict the flow of funds prematurely.

When the exclamation mark disappears from the market cap chart, I will talk about the market cap chart (USDT, USDC, BTC.D, USDT.D).


The key points on the USDT chart are 82.959B and 81.839B.

It is conceivable that a larger drop in funds will cause the coin market to enter a downturn.

However, I think it will be a field of opportunity because only a small part of the funds flowing into the coin market are flowing.


I don't think it's good to try to interpret the coin market in relation to the global economy or political issues.

The reason is that the current coin market is still far from the real world.

It is my opinion that there is no need to think in connection with external factors such as the global economy and politics until more coin ecosystems are created and activated and related to the actual industry.

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

This is the 81K-95K range that 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
Among the coins (tokens) that are expanding the coin ecosystem, few coins (tokens) are currently moving along with the flow of BTC.

(ETHUSDT chart)
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(XRPUSDT chart)
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(TRXUSDT chart)
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(OPUSDT chart)
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It's about 4 coins above.
Note
(BTCUSDT 1h chart)
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Note
(BTCUSDT 1D chart)
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It is recommended to check the movement for at least 1-3 days to see if it is supported or resisted at support and resistance points.

If so, support and resistance point markers must be marked at the same point for at least 3 to 5 days to form support and resistance points.

Since the 'low' indicator, which indicates support and resistance points in the section indicated by the hand shape, has failed to point to a point for more than 3 days, it must be seen that it has failed to form support and resistance points.

Therefore, the closest support and resistance points to the current price position are
Resistance Point: 27162.14
Support Point: 24113.48
Corresponds to the points above.

However, the support and resistance intervals that are important for forming a trend are
Resistance range: 28465.36-29281.09
Support section: 21071.59-23293.32
This applies to the above section.

thus,
snapshot
It is necessary to confirm that the price can be maintained and rise above the 24800.0-25166.0 section corresponding to the previous low section from the current position.

The next period of volatility is around September 1st.
Note
(BTCUSDT 1D chart)
snapshot
Yesterday's rebound is forming support and resistance at 26189.99.

Accordingly, if price holds above 26189.99, it is expected to lead to a move above 27162.14.

However, if it fails to rise above 26189.99, it is expected to decline.

It is on the 4th day since the support and resistance points were formed at 26189.99, so an upward breakout is expected soon.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCKRWBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend Analysis

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