Bitcoin (BTC) - July 7 (a crossroad between rising and falling)
Updated
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We need to make sure we can get support at point 9274.
When I climbed above 9321, I would have been able to maintain a better flow if I touched the 60SMA.
If you don't get support at point 9274, I think you can expect further gains with support on the downtrend line (3).
We believe that the 9274 point or the downtrend line (3) plays an important role in converting the flow.
I think we need to watch a little bit more to see if the divergence of power can come out to the high volume profile section, 9415~9728.5 section.
The current chart is used for real trading and there are many lines as a chart.
(1D chart)
This chart is simply a chart for analysis and is currently used.
This chart has different support and resistance points than the chart above.
However, the basic points are the same.
Around July 7 (July 6~8), we indicated that volatility may occur.
If you are supported by the 9209 point and the downtrend line (3) or higher by July 7 (July 6~8), there is a possibility of further gains.
Also, I think there is a possibility to touch the 10088.5 point and the long-term uptrend line (4).
The long-term downtrend lines (2) and (3) are converging overall.
The peak of this convergence is around October 26.
However, before that, another long-term uptrend line (5) and a downtrend line (2), (1), (3) intersect at September.
We'll talk about this in line with the flow of the chart later.
The most important thing at the present time is to get support at point 9209 and above the downtrend line (3) until around July 7 (July 6-8).
(1h chart)
The first downtrend line created (1) is the downtrend line that started on July 2.
The downward trend line created more recently than the downward trend line (3) in the 1D chart above.
To cross this short-term downtrend line (1), you need to make sure you can rise above the downtrend line (1) for the period indicated in the chart.
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(Binance BTCUSDTPERP 1D chart)
It is necessary to confirm whether you will be reaffirmed that you are out of the downtrend line (4) after receiving support at more than 9204 points around July 8 (July 7-9).
You should also check if you can climb above 9591.11.
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(OKEX BTCUSDTPERP 1D chart)
We need to make sure we can climb above 9399.8.
You should also make sure you can get support at 9148.5.
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(Bithumb BTCKRW 1D chart)
After July 9th, it is necessary to check whether it can rise to more than 11210000 points and get support.
You should also see if you can get support by rising above 50 EMA.
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** 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.
--------------------------------------
We need to make sure we can get support at point 9274.
When I climbed above 9321, I would have been able to maintain a better flow if I touched the 60SMA.
If you don't get support at point 9274, I think you can expect further gains with support on the downtrend line (3).
We believe that the 9274 point or the downtrend line (3) plays an important role in converting the flow.
I think we need to watch a little bit more to see if the divergence of power can come out to the high volume profile section, 9415~9728.5 section.
The current chart is used for real trading and there are many lines as a chart.
(1D chart)
This chart is simply a chart for analysis and is currently used.
This chart has different support and resistance points than the chart above.
However, the basic points are the same.
Around July 7 (July 6~8), we indicated that volatility may occur.
If you are supported by the 9209 point and the downtrend line (3) or higher by July 7 (July 6~8), there is a possibility of further gains.
Also, I think there is a possibility to touch the 10088.5 point and the long-term uptrend line (4).
The long-term downtrend lines (2) and (3) are converging overall.
The peak of this convergence is around October 26.
However, before that, another long-term uptrend line (5) and a downtrend line (2), (1), (3) intersect at September.
We'll talk about this in line with the flow of the chart later.
The most important thing at the present time is to get support at point 9209 and above the downtrend line (3) until around July 7 (July 6-8).
(1h chart)
The first downtrend line created (1) is the downtrend line that started on July 2.
The downward trend line created more recently than the downward trend line (3) in the 1D chart above.
To cross this short-term downtrend line (1), you need to make sure you can rise above the downtrend line (1) for the period indicated in the chart.
-------------------------------------------------- ---
(Binance BTCUSDTPERP 1D chart)
It is necessary to confirm whether you will be reaffirmed that you are out of the downtrend line (4) after receiving support at more than 9204 points around July 8 (July 7-9).
You should also check if you can climb above 9591.11.
-------------------------------------------------- ----------
(OKEX BTCUSDTPERP 1D chart)
We need to make sure we can climb above 9399.8.
You should also make sure you can get support at 9148.5.
-------------------------------------------------- ----------------
(Bithumb BTCKRW 1D chart)
After July 9th, it is necessary to check whether it can rise to more than 11210000 points and get support.
You should also see if you can get support by rising above 50 EMA.
-------------------------------------------------- -----------------------
** 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
Note
(USDT Dominance 1D Chart)Around July 5th (July 4-6), I touched 3.48 or less.
We need to make sure we can get resistance at 3.48.
(BTC Dominance 1D Chart)
The volatility occurred around July 6th (July 5th to 7th) and is falling.
You need to see how it will fall beyond the support period of 64.06~64.74.
I believe that the full-blown altcoin fire should fall below 63.38.
In addition, it should fall below the downward trend line (2).
I think the time to end this trend is when the price of BTC falls sharply.
Until then, I think that you can get a lot of profit from altcoins.
Always check support and resistance points or sections.
I hope this will be a successful trading for everyone who looks at my analysis.
Note
(XBTUSD 1h chart)(UTC)
(KST)
I think it is good to rise after the time indicated on the chart while sideways in the 9274~9321 section.
If that doesn't work, you need to make sure that you can still get support from the downtrend line (3) after the time indicated on the chart.
(USDT Dominance 1D Chart)
I think it is better to fall after receiving resistance in the gap section of 3.48~3.50.
If that doesn't work, you should also see if you can resist and fall on the uptrend line.
(BTC Dominance 1D Chart)
We are receiving support at points 64.74 out of the 64.06~64.74 section.
It is necessary to check if it can fall within the range of 64.06~64.74.
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