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With support between the uptrend line (4)-(5), it remains to be seen if it can climb along the trend line.
Also, we must see if it can rise above the 10968.0 point.
Touching below the 9970.0 point caused fear of the decline.
If you look at the 1W chart, I think you can tell where you are. (www.tradingview.com/x/U9TI0n3W/)
It is located near the bottom of the High section, and just before the decline.
That doesn't mean it's going down.
This is because funds appear to have entered the coin market on August 30-31, causing a gap increase in the USDT dominance chart. (www.tradingview.com/x/nlYoduxo/)
As an individual trader, it must be a disadvantage to trade.
You are in a difficult position to get a feel for which way to place your bet.
In this situation, I think that a minimum of split trading is needed to preserve the profits and losses of the coins currently held rather than excessive betting.
If not, I recommend watching the situation.
The interval 10088.5-10300.0 is an important interval.
However, it is located below the uptrend line, so it can easily fall.
Therefore, it should be supported above the 10591.5 point between the uptrend line (4)-(5).
To add solidity of support, you need to rise above the uptrend line (4) and above the 10968.0 point.
I think USDT dominance must fall below the 4.163 point and drop to the 3.695 point in order for the above to flow as described above.
(USDT Dominance 1h Chart)
It remains to be seen if it could have fallen below the 4.163 point after the time shown on the USDT Dominance 1h chart.
You also need to make sure you can touch the 3.695 point of the gap elevation.
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I think it is necessary to carefully check the BTC price flow around September 4 (September 3-5) as seen in the XBTUSD chart.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
With support between the uptrend line (4)-(5), it remains to be seen if it can climb along the trend line.
Also, we must see if it can rise above the 10968.0 point.
Touching below the 9970.0 point caused fear of the decline.
If you look at the 1W chart, I think you can tell where you are. (www.tradingview.com/x/U9TI0n3W/)
It is located near the bottom of the High section, and just before the decline.
That doesn't mean it's going down.
This is because funds appear to have entered the coin market on August 30-31, causing a gap increase in the USDT dominance chart. (www.tradingview.com/x/nlYoduxo/)
As an individual trader, it must be a disadvantage to trade.
You are in a difficult position to get a feel for which way to place your bet.
In this situation, I think that a minimum of split trading is needed to preserve the profits and losses of the coins currently held rather than excessive betting.
If not, I recommend watching the situation.
The interval 10088.5-10300.0 is an important interval.
However, it is located below the uptrend line, so it can easily fall.
Therefore, it should be supported above the 10591.5 point between the uptrend line (4)-(5).
To add solidity of support, you need to rise above the uptrend line (4) and above the 10968.0 point.
I think USDT dominance must fall below the 4.163 point and drop to the 3.695 point in order for the above to flow as described above.
(USDT Dominance 1h Chart)
It remains to be seen if it could have fallen below the 4.163 point after the time shown on the USDT Dominance 1h chart.
You also need to make sure you can touch the 3.695 point of the gap elevation.
--------------------------------------------------
I think it is necessary to carefully check the BTC price flow around September 4 (September 3-5) as seen in the XBTUSD chart.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
코멘트:
(XBTUSD 1D chart)
Check the Fibonacci retracement rate point.
코멘트:
(BTC Dominance 1D Chart)
You have to watch to see if it rises above 60.560 points to fill the gap.
We don't think it's yet to be seen as a downtrend until it climbs the downtrend line (2) and climbs towards the 63.380 point.
We don't think it's yet to be seen as a downtrend until it climbs the downtrend line (2) and climbs towards the 63.380 point.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Bithumb BTCKRW 1W chart)