Bitcoin (BTC) – August 14

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( XBTUSD 1W Chart)

If the price is maintained above the 27650.0-29350.0 range, it is expected that the uptrend will continue.

If the price is maintained as the high point above the 47010.0 point, it is expected that there will be a move to update a new high.

In the CCI-RC indicator, it is necessary to check whether the CCI line can rise above the EMA line and turn into an uptrend.

(1D chart)
It shows a fake falling from the 45211.0 point, and an upward movement is coming out immediately in the 46695.0-49518.0 section.

The section 46695.0-49518.0 is the section that re-determines the direction.
It is necessary to check whether the 46695.0-49518.0 section is supported and ascends.

As expected, the volatility around 23-29 Aug, breaking above the 49518.0 point is expected to create a new wave.

If it closes at the 46695.0-49518.0 section, it is expected that the price should maintain above the 45211.0 point to continue the upward trend.

Accordingly, if the decline from the 45211.0 point, we should see support at the 38225.0-42084.0 zone.

When it falls from the 38225.0 point, a downward wave is in progress and a Stop Loss is required to preserve profit and loss.

As the green color of OBV on the volume indicator increases, the center line is showing an upward movement.

The CCI-RC indicator shows that the CCI line is trying to rise above the zero point.

In the wRSI_SR indicator, the RS line fell below the 80 point, showing a short-term downward trend.
Accordingly, you should check the position of the BTC price when it transitions to a short-term uptrend.

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( BTCUSDT 1W Chart)

If the price is maintained above the 28130.0-29300.0 range, it is expected that the uptrend will continue.

If the price is maintained above the 40100.0-41950.0 range, it is expected to lead to a full-fledged uptrend.

If it rises above the 46930.0 point, it will enter the high point section.
If the price holds above the 46930.0 point, it is expected to create a new wave.

The next significant volatility period is around August 26th.

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( BTCUSDTPERP 1D Chart)

It fell from the 45163.36 point and touched near the 42125.51 point and was expected to rise, but it is immediately rising to the 46559.44-49345.92 section.

The section 46559.44-49345.92 is an important section and I think it is a section that determines the direction anew.

So, if it closes at 46559.44-49345.92, it should hold the price above 45163.36.

If you climb from the 46559.44-49345.92 section, you will enter the high point section.
We’ll have to wait and see if we can climb above the 54918.88 point to renew a new high.

The next volatility period is around August 20-28.

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( BTCKRW 1W chart)

If the price is maintained above the 31662000-35545000 range, it is expected that the uptrend will continue.

In particular, if the price is maintained above the 48550000 point, it is expected to continue a full-fledged uptrend.

We need to see if we can make a new wave by rising above 54964000 and entering the high-end section.

The volatility around August 13-19 (August 12-20) requires confirmation to keep the price above the 54964000 point.

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( BTC Dominance ( BTC .D) 1D Chart)

A decline in BTC dominance is likely to lead to a rise in the price of altcoins.

Conversely, a rise in BTC dominance is likely to lead to a fall in the price of altcoins.

If it falls below the downtrend line (1) or the 43.17 point, it is highly likely that a whipso will occur in the BTC price movement, so you need to be careful when trading BTC .

The volatility period for BTC Dominance is around August 21st.

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(USDT Dominance (USDT.D) 1D Chart)

We expect the altcoin to continue its upward trend by dropping below the 3.374 point.

Due to the volatility around August 17-23, it has fallen below the 3.009 point, so we have to wait and see if the altcoin bull market can be in full swing.

If the USDT dominance declines, the price of BTC will rise, and the price of altcoins is likely to rise as well.

USDT Dominance falling below the downtrend line (2), indicating that the coin market is moving towards an uptrend.

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(USDT 1D Chart)

A rise above 62.904B is expected to trigger a new trend in the coin market.

USDC 1W Chart (https://www.tradingview.com/x/OoPcgH9z/)
If you look at the 1D chart (https://www.tradingview.com/x/6SO7xeHW/), you should watch to see if there is an uptrend along the uptrend line.

I think the rising gap between USDT and USDC shows that money is flowing into the coin market.

Conversely, a fall in the gap indicates that money is flowing out of the coin market.

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(ETH Dominance (ETH.D) 1D Chart)

It does not rise above the 20.52 point and is falling.
We need to see if we can get support and rise in the 19.22-19.62 section.

If it does not fall below the downtrend line, it is expected to rise.

In particular, if the CCI line rises above the downtrend line in the CCI-RC indicator, it is expected to create a new wave in the EH price.

The volatility period for ETH dominance is around August 20-24.

A rise in ETH dominance could lead to a rise in ETH price.
Also, I think it has some effect on the BTC price.

It remains to be seen if ETH dominance can continue to influence BTC price by continuing its uptrend.

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( XBTUSD 1M Chart)

All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.

Looking at the big picture, I think 4-5 waves are going on.

Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as the parts that have not yet been created may have the same flow as section A.

The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.

There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section b.

If it fails to break through section a upward, I think it can represent the same flow as section A.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See 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 a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(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.)

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)