Bitcoin (BTC) - July 29 (1h)
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Dear Traders, Nice to meet you.
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It is supported by the uptrend line (3) and point 10968.
If you show the flow of sideways in the section 10968-11516.5, I think the fund could accelerate the altcoin rise.
A slowdown in BTC's movement may be unwelcome news for individual traders trading BTC, but I think it's a natural market principle because it's hard to expect a bigger rise in BTC prices if funds aren't circulating towards altcoins.
In order for the BTC slowdown to turn into a downward trend of BTC, it must fall below the uptrend line (1) and below the 10088.5 point.
As we are currently moving along the uptrend line (3) formed by the skyrocketing BTC, we expect that if we can move as it is without drawing a new trend line, we will be able to get support above 11516.5.
If you get support and move at 11516.5, you are expected to touch the 13K.
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(Bithumb BTCKRW 1D chart)
It is expected to be able to rise from the 12373000-13000000 section that was previously mentioned.
If you can get support at more than 13 million points, you are expected to rise above 13624000 points in the not too distant future and touch the Fibonacci retracement section of 13841500-14398000.
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(USDT Dominance 1D Chart)
USDT Dominance began this year and there were three gaps.
In order to use up all the funds that came into the USDT, it has to fall below the 2.541 point.
When looking at the candle position on the chart, the 2.737-3.141 section is a gap section that is not filled.
No one or a group wants to put their money into the investment market and try to do it.
Therefore, I think there is a high possibility of touching the upward trend line (2).
In this way, I think that there are two ways to run out of money, such as buying coins from the coin market and cashing them out.
All of this is comprehensively displayed on the chart, so it is not easy to understand only one USDT dominance chart.
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(BTC Dominance 1D Chart)
We believe that BTC forecasted a price increase as it fell below the support period of 64.06-64.74.
Then, I touched the 64.06-64.74 section again.
You have to watch the 64.06-64.74 section to see if you can resist and slow down.
If this happens, the altcoin is expected to rise even further.
I think this flow depends on whether BTC dominance can fall back below the downward trend line (1).
If it falls below the downtrend line (1), it is expected to touch the 56.74-58.02 section, and the uptrend in the coin market is expected to close.
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Unexpectedly, there is a lot of money coming into the coin market, making forecasts more difficult to predict.
In addition, the rapidly changing international situation, the economic situation that is getting worse with COVID-19, and the chaos following the incorporation of institutional rights in the coin market are intensifying.
I think that in order to get good results in such a situation, you will not encounter too many articles.
If you think a lot, there is no guarantee that you will survive in the investment market, but I think you can make the wrong investment.
I think that you can get good results in the future by focusing more on the picture drawn on the chart.
-------------------------------------------------- -------------------------------------------
** Check 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 profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
-------------------------------------------------- -----
** This is the status of “Hide” the MRHAB-MY1 indicator, an indicator provided by our channel.
** To check the indicators, share the chart and click "Show" to see all indicators as they were before.
-------------------------------------------------- -----------
It is supported by the uptrend line (3) and point 10968.
If you show the flow of sideways in the section 10968-11516.5, I think the fund could accelerate the altcoin rise.
A slowdown in BTC's movement may be unwelcome news for individual traders trading BTC, but I think it's a natural market principle because it's hard to expect a bigger rise in BTC prices if funds aren't circulating towards altcoins.
In order for the BTC slowdown to turn into a downward trend of BTC, it must fall below the uptrend line (1) and below the 10088.5 point.
As we are currently moving along the uptrend line (3) formed by the skyrocketing BTC, we expect that if we can move as it is without drawing a new trend line, we will be able to get support above 11516.5.
If you get support and move at 11516.5, you are expected to touch the 13K.
-------------------------------------------------- -
(Bithumb BTCKRW 1D chart)
It is expected to be able to rise from the 12373000-13000000 section that was previously mentioned.
If you can get support at more than 13 million points, you are expected to rise above 13624000 points in the not too distant future and touch the Fibonacci retracement section of 13841500-14398000.
-------------------------------------------------- --------------------------------
(USDT Dominance 1D Chart)
USDT Dominance began this year and there were three gaps.
In order to use up all the funds that came into the USDT, it has to fall below the 2.541 point.
When looking at the candle position on the chart, the 2.737-3.141 section is a gap section that is not filled.
No one or a group wants to put their money into the investment market and try to do it.
Therefore, I think there is a high possibility of touching the upward trend line (2).
In this way, I think that there are two ways to run out of money, such as buying coins from the coin market and cashing them out.
All of this is comprehensively displayed on the chart, so it is not easy to understand only one USDT dominance chart.
-------------------------------------------------- --------------------------------------
(BTC Dominance 1D Chart)
We believe that BTC forecasted a price increase as it fell below the support period of 64.06-64.74.
Then, I touched the 64.06-64.74 section again.
You have to watch the 64.06-64.74 section to see if you can resist and slow down.
If this happens, the altcoin is expected to rise even further.
I think this flow depends on whether BTC dominance can fall back below the downward trend line (1).
If it falls below the downtrend line (1), it is expected to touch the 56.74-58.02 section, and the uptrend in the coin market is expected to close.
-------------------------------------------------- ---------------------------------------
Unexpectedly, there is a lot of money coming into the coin market, making forecasts more difficult to predict.
In addition, the rapidly changing international situation, the economic situation that is getting worse with COVID-19, and the chaos following the incorporation of institutional rights in the coin market are intensifying.
I think that in order to get good results in such a situation, you will not encounter too many articles.
If you think a lot, there is no guarantee that you will survive in the investment market, but I think you can make the wrong investment.
I think that you can get good results in the future by focusing more on the picture drawn on the chart.
-------------------------------------------------- -------------------------------------------
** Check 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 profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
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