Bitcoin (BTC) - July 21

20 ก.ค. 2022

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(BTCUSDT 1W Chart)

Resistance: 27033.35-29812.52

1st support: 21475.02
Second support: 13137.51-15916.68

In order to turn into an uptrend and continue a full-fledged uptrend, it needs to rise above the ellipse shown on the chart to be supported.

Therefore, it is highly likely that an uptrend will begin when it rises above 29812.52.


- As the RSI indicator is located in the oversold zone, you can see that it is located in the low low zone.


- The Stoch RSI indicator is rising and is expected to enter the overbought zone soon.

When the Stoch RSI enters the overbought zone, it is expected that the RSI will break out of the oversold zone.

It will also form a short-term high, so it is likely to create the first pull back pattern.

With this first pull back pattern, there is a possibility that it will move back towards the 21475.02 area, but the key is whether it can break out of the downtrend line.

We need to see if we can break through the intersection of horizontal and diagonal Fibonacci upwards.


- On the CCI-C indicator, the CCI line is located in the range of -100 to +100, so it can be considered as a sideways section.

So, we need to see if we can continue the uptrend by moving above the 0 point and see if we can see a full-fledged uptrend by moving above the +100 point.



(1D chart)
The key is to maintain the price above the 21475.02-22487.41 zone and move towards the resistance zone.

The maximum possible climb is expected to be 27033.35-29812.52.


If it falls below 21475.02 and finds resistance, there is a possibility of a sharp drop, so trade cautiously.

At this time, the key is whether it is supported in the vicinity of 18719.11.

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- The US 100 CFD (Nasdaq) chart moved higher to the 12212.6-12932.3 section, an important support and resistance section.

The key is to find support and move higher on the 1W chart at 12374.1, which is likely to move higher.


- If BTC dominance rises when BTC price rises, altcoins are likely to go sideways or fall.

This is because the funds are concentrated towards BTC.


- At this time, the important thing is that the USDT dominance should decrease.

This is because when the USDT dominance rises, it means that the sell-off is dominant in the coin market.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

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

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