Bitcoin (BTC) - July 29

Jul 28, 2022

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(BTCUSDT 1D Chart)

If the price holds above 22753.10, it is expected to maintain an uptrend.

Primary resistance: around 25K
Secondary resistance: 27K-29K


The interval 27033.35-29812.52 is the interval that determines the trend.

Therefore, if it falls without being supported in the section 27033.35-29812.52, Stop Loss is required to preserve profit and loss.

This is because it will not turn into an uptrend and will likely form a continuous downtrend.


For a full-fledged uptrend to continue, it needs to rise above 29812.52.

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

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)

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Jul 29, 2022

Note

(BTCUSDT 1M Chart)

The area around 21475.02 corresponds to the previous high point.
So, if it finds support in this area, it is likely to rise.

This uptrend needs to rise above the 27033.35-39812.52 section and be supported before it is expected to lead to a full-fledged uptrend.

Therefore, you should trade from a short-term perspective until it rises to the 27033.35-39812.52 section and is supported.


A strategy to continue investing in the mid- to long-term by increasing the number of coins (tokens) from the current rise is likely to be risky.

Therefore, from a short-term perspective, it is necessary to have a strategy of recovering the purchase principal and holding the amount of coins (tokens) corresponding to the profit, rather than earning cash profit when selling while proceeding with the transaction.


In short-term trading, what matters is where you select support and resistance points.

Depending on whether you find support or resistance at that support and resistance point, you should increase the number of coins (tokens) by reacting.


(1D chart)

For this purpose, it is recommended to establish an objective standard by checking the movements of the indicators.

After rising near the 27033.35-39812.52 section, it is not supported and falls below 26574.53, which is likely to lead to further declines.

Therefore, in this case, Stop Loss is required to preserve profit and loss.

Stop Loss for profit and loss does not mean 100% liquidation.

It means selling enough to maintain one's psychological stability when the price plummets in order to secure cash to buy when the price falls.

This is because if it falls near the 27033.35-39812.52 section, it is highly likely to drop to the 13137.51-15916.68 section.

Jul 29, 2022

Note

(USDT + USDC 1D Chart)

I think that the gap drop means that money has flowed out of the coin market.

As the current coin market continues to rise, funds are flowing out, so you need to be careful about trading.

Since funds must first flow into the coin market, we expect the coin market to turn upward when USDT rises above 68.468B.

Jul 29, 2022

Note

(BTCUSDTPERP 1h chart)