Bitcoin (BTC) - August 28

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(BTCUSDT 1M Chart)
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It has an all-time high trading volume.

This is a record high trading volume compared to other exchanges.

Therefore, it can be seen that a market-leading force exists on the Binance Exchange this time.



(1W chart)
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The HA-Low indicator is an indicator of a low.

So, whether it can move higher than 21838.98 is key.

If not, there is a possibility that it will move towards the 11219.17 area.



(1D chart)
In order to continue the uptrend, the price must remain above the HA-High indicator.

Also, the horizontal line of the HA-Low indicator should be longer than that of the HA-High indicator.

The horizontal length of the HA-Low and HA-High indicators changed due to the volatility of August 24, starting on August 16th.

So, continuing to see these movements could lead to further declines.

Therefore, it should be supported near June 21, 1994 and move up to around 21873.46 to provide an opportunity to turn into an uptrend.


In order to continue the upward trend, it must rise above the HA-High indicator.
- The method soars and rises above the current HA-High index point of 23949.03, or

- There is a way to make the HA-High indicator fall by shaking it up and down.


Looking at the Bollinger Bands (60), we can see that the downtrend is turning sideways.

Also, you can see that the Bollinger Bands have contracted.

Therefore, we expect volatility to expand the Bollinger Bands in the near future.

Therefore, the key is whether there is movement out of the 19946.21-23949.03 section.

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The method described above is just a chart for analysis.

You cannot use charts drawn like this to create a trading strategy that suits you.

This is because a very simple chart shows only the flow of the chart.


The MRHAB-T indicator included in my chart contains indicators that indicate support and resistance points using OBV, CCI, RSI, Stoch RSI, MACD, Heikin Ashi, etc., which have been used in the investment market for a long time.

If you enable it, you can see support and resistance points like no one else's chart.


Currently active indicators on the price chart are HA-Low, HA-High, MS-Signal, Heikin Ashi and Bollinger Bands.

These are indicators for trending, and only the horizontal lines of the HA-Low and HA-High indicators indicate support and resistance points.


This succinct representation of the ideas of all those who have been made public can only be verified by the description of the person who made the idea.

For more complex and messy (?) ideas, share the chart and use the 'Hide all drawings' function to check the information you need.


In the future, if possible, the charts published on Friday-Sunday will be presented as a simplified chart like this one.

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

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

(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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Catatan
(BTCUSDT 1D Chart)
cuplikan
The OBV indicator is an indicator that distinguishes between a buying trend and a selling trend based on the zero point.

It was formed at the point 20241.05, the point corresponding to the zero point of the OBV indicator.

Therefore, holding the price above 20241.05 is expected to increase the buying force.


Interpretation of these indicators must be interpreted together with multiple indicators as it can lead to rather subjective interpretation if you try to interpret the entire chart with one indicator.


From a trending point of view on the 1D chart, June 21st 1994 is an important support and resistance point.
Catatan
As described above, the Long/Short-S indicator is a synthesis of the movements of several indicators.

bar sign
- If it is displayed large up, it means that there are many indicators indicating an uptrend,
- If it is marked down large, it means that there are many indicators indicating a decline.
Catatan
(USDT + USDC 1D Chart)
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It appears that the funds flowed through the USDC coin.

It is unknown when the new funds will be used, but if the money continues to flow, the coin market is likely to rise.

Conversely, if funds are outflowed, the coin market will be more likely to fall.


Although it is not showing much decline, it appears that ETH is leading the market.

(ETH.D 1D chart)
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If ETH dominance falls below 18.54, there is a possibility that ETH price will drop sharply, so you need to be careful.
Bitcoin (Cryptocurrency)BTCBTCKRWBTCUSDBTCUSDTBTCUSDTPERPChart PatternsTechnical IndicatorsTrend AnalysisUSDCusdtXBTUSD

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