Bitcoin (BTC) - July 8

Jul 7, 2020

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Charts can be posted from the 16th.

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You should see if you can get support at point 9209 and the downtrend line (3).

You should also check if you can rise above 60SMA.

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(Binance BTCUSDTPERP 1D chart)

We need to make sure we can get support at point 9204.
Also, you need to make sure you can climb above 9397.
As it is a period of volatility, I think it is necessary to carefully trade.

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(OKEX BTCUSDTPERP 1D chart)


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(Bithumb BTCKRW 1D chart)

You need to make sure you can rise above 50 EMA.
You should also check if you can rise above 11210000 points.
If it falls, you need to make sure you can get support at 10297000.

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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

Jul 7, 2020

Note

(USDT Dominance 1h Chart)
(UTC)
(KST)
You should see if you can drop below 3.48 points after the time indicated on the chart.

(BTC Dominance 1D Chart)

It fell to the support period between 64.06 and 64.74.
We need to see if we can resist at 64.74 and fall down to 63.38.

Jul 8, 2020

Note

(XBTUSD 1h chart)


Volatility period.
During this period, it is recommended to stop trading for a while and watch the situation.
Also, it is altcoin bullish.
It is a time to generate profits by checking the points of support and resistance of Altcoin that you were interested in.

Jul 8, 2020

Note

(USDT Dominance 1h Chart)

We need to see if it will move according to the flow shown in the chart.

(BTC Dominance 1D Chart)

We need to check if we can fall below the 64.06 point.
Also, you need to make sure you can get resistance at 64.74 points on the ascent.

Jul 8, 2020

Note

(USDT Dominance 1D Chart)


(BTC Dominance 1D Chart)


(XBTUSD 1D chart)


In summary, the altcoin uptrend is expected to continue until around July 17-18 (up to around July 22).

Also, depending on the situation, I think the BTC is likely to touch near the 10300 point.

As the BTC falls below the downtrend line (1) and below the 8870 point, the altcoin bull market is expected to close.

The BTC is expected to fall to near the 7757 point, and it is expected to fall near the maximum of 6543 points and then rebound to sideways near the 7757 point.

Jul 8, 2020

Note

Correct the last sentence. Sorry.

The BTC is expected to fall to near the 7757 point, and it is expected to fall to near the 6543 point and rebound before making sideways near the 7757 point.