Need to check support near 57754.37-57937.19

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(USDT 1D chart)
สแนปชอต
USDT is maintaining a gap uptrend.

What is unusual is that the upper tail is long.

I think the size of the candle is formed due to trading.

Therefore, we can see that there are currently many transactions.

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(USDC 1D chart)
สแนปชอต
สแนปชอต
It rose near the important volume profile area of ​​32.435B and is currently moving sideways near 26.153B.

This suggests that USDC is very likely to turn upward.

I think that the gap increase of USDT or USDC is a sign of inflow of funds, so if the gap increase continues, I think it is a buying period and I should think about a response plan.

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(BTC.D 1M chart)
สแนปชอต

(USDT 1M chart)
สแนปชอต
Money is flowing into the coin market, but it is still not a good trend for actual trading.

To trade altcoins, it is recommended to proceed when BTC.D shows a downward trend.

However, the USDT.D chart must show a downward trend.

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สแนปชอต
According to the Renko chart, it needs to fall below 56K to continue the downward trend.

It needs to rise above 59500 to turn into an upward trend.

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(BTCUSDT 1M chart)
สแนปชอต
The area around 56K corresponds to the 2nd section when viewed from the 1M chart.

Therefore, if it falls below 56K, I think it is highly likely to turn into a downtrend in the long term.

However, since the MS-Signal (M-Signal on the 1M chart) indicator is passing through the 0.707 (48064.07) ~ 0.786 (51606.42) section, it is expected to act as the 1st support section.

The strongest support section is 42K-43K.

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What we should pay attention to is the location of the StochRSI indicator.

You can see that the price range is different when you touch the M-Signal on the 1M chart in 2022 and when you touch the M-Signal on the current 1M chart.

That much shows that the current trend is maintaining an upward trend.

Therefore, a trading strategy for an upward trend is needed in the long term.

You should also check if there is a lot of trading volume, like the candles that indicate a buy zone, but I think it is more important to purchase while maintaining the proportion of cash held compared to your investment funds.

From a spot trading perspective, the current movement, that is, when it shows a downward trend, can be said to be a good time to seize the opportunity.

The StochRSI indicator is showing signs of entering the oversold zone.

Therefore, when the StochRSI indicator leaves the oversold zone and becomes StochRSI > StochRSI EMA, there is a high possibility that a long-term uptrend will begin.

However, since it is a 1M chart, it will have already risen a lot when the above phenomenon occurs.

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(1W chart)
สแนปชอต
Currently, the StochRSI indicator is showing a downward high wave.

This means that the upward strength is weak.

Therefore, we can see that the downward strength is strong.

Therefore, the important key is whether it can rise along the important upward channel.

We can see that the area around 56K is an important support and resistance zone.

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The important thing is that a full-fledged trend is expected to form around the week including September 16th.

Based on the current movement, it seems likely that the trend at that time will be a downward trend, but based on the flow of funds, it is likely that it will show an upward trend.

Therefore, we need to think about how to proceed with buying whenever the price falls.

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(1D chart)
สแนปชอต
To do that, you need to find a way to increase your holding ratio while appropriately performing buys and sells.

For this, you can also use the StochRSI indicator.

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It re-entered the short-term downtrend channel as it fell below 59053.55.

Therefore, the possibility of further decline is increasing.

However, it is likely to show volatility after August 18.

At this time, the key is whether it rises along the mid- to long-term rising channel.

If it fails to rise along the mid- to long-term rising channel even after August 18, it is likely to touch the 49676.20-52137.67 area again.

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If it shows support near the HA-Low indicator point (57754.37-57937.19) of the current 1D chart, it is time to proceed with a purchase.

Based on the current flow, it seems difficult to actually purchase, but I think you can proceed with the transaction depending on your average purchase price or cash holding ratio.

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Have a good time.
Thank you.

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- ​​Big picture
สแนปชอต
It is expected that a full-scale uptrend will begin when it rises above 29K.

The section expected to be touched in the next bull market is 81K-95K.

#BTCUSD 12M
สแนปชอต
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15

These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.

We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.

#BTCUSD 1M
สแนปชอต
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55

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บันทึกช่วยจำ
It seems like the screenshots aren't showing up right away in TradingView's idea.

If this continues, I'll try to split the idea up and publish it in the future.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTHA-MSTechnical IndicatorstradingstrategyTrend Analysis

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