BTC 29K or less is the time to focus on BTC or ETH

17 באוג׳ 2023

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(BTCUSDT chart)


A drop below 28465.36 indicates a significant downtrend.

If you fail to ascend above 27162.14, you need to make sure you are supported around 23293.32.

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Below BTC 29K, it is a section where BTC or ETH is intensively bought.

Therefore, it is recommended to proceed with the 1st purchase of altcoins from a mid- to long-term perspective.


Market cap charts appear to be in a slightly volatile state.

Therefore, we will publish the analysis of the Market cap chart when things are normal.


USDT is a stablecoin that shows great influence on the coin market.

As this USDT begins to gap down, the coin market appears to be entering a profit taking period.

So, for this state to end, USDT's downtrend must stop.

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(BTCKRW chart)

It is showing a decline below the resistance zone of the 1M chart or the support zone of the 1M chart.

Accordingly, the key is whether it can rise with support around 36408000.

If not, you need to check if there is support around the HA-Low indicator on the 1D chart.

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- big picture

A full-fledged uptrend is expected to start when it rises above 29K.

81K-95K is the range we expect to touch in the next bull market.

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

** The trading volume indicator is displayed as a candle body based on 10EMA.
Display method (in order of boldest)
More than 3x 10EMA trading volume > 2.5x > 2.0x > 1.25x > trading volume below 10EMA

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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20 באוג׳ 2023

הערה

(BTCUSDT chart)

Looking at the 1D chart, the trough at 26054.0 continues for the third day.

Accordingly, the key is whether it can be supported around 26054.0 and rise to the 28465.36-29281.09 section.

At this time, you need to check if it can rise above 27162.14.

If it fails to rise above 27162.14, it is expected to lead further declines.

The expected decline is around 23293.32.

However, as the decline progresses, it is expected that the HA-Low indicator on the 1D chart will be created, so if the HA-Low indicator is created, it is important to be able to get support around it.