July 2022
3. Issue
We will first consider the movements made after the Fed.
With the 75 points increase, the market calmed down a bit and then the positive movement of the markets started to attract attention.
How did this positivity on the Bitcoin side reflect on the sub parities?
What awaits us in a new monthly opening?
1- Bitcoin Weekly
Weekly BTC/USDT
https://www.tradingview.com/x/2zJ5Ra2B/
At the beginning of the important regions that caught our attention in the weekly outlook, we see that the price started a horizontal range movement after June 13, with the reaction from the purple box.
The weekly price we should consider should be $21,800. We need to know that if this price stays below this zone on the weekly chart, it will start looking for a new bottom. Why is this important to us? Weekly movements are the time period that the investor mass pays attention to.
- So, why is there a yellow dashed line on the graph and what will it do?
We can name it as the 1st region where there are sellers on price. If that region is passed afterwards, the region where the price should move forward by continuing the positive movement will be the 28-29k range.
2- Bitcoin Daily
BTC/USDT daily
https://www.tradingview.com/x/sc6lcL0j/
You see a green box added on the price. After 75 points announced by the Fed, the markets lost their indecision and started to react positively.
One of the important data given to us in the increase of the daily price will be that the Bitcoin parity will continue to stay on the green box and continue its positivity.
So what should we do if the price loses the green box?
Alt pairs have had nice pricing with the recent bitcoin rise.
Things to take as a precaution:
1- To be a little careful in the lower parities,
2- Realizing profit,
3- To follow the price movement closely.
3- Ethereum Bitcoin 3 days
ETH/BTC
https://www.tradingview.com/x/mZVVZ22i/
The Ethereum - Bitcoin parity, which has led the rise in the sub parities in the last 10 days, has caught a serious rise. The fact that it is pushing the market to positivity has started to raise the question of "whether these alt pairs will continue to rise" in the minds of investors.
- We will talk about 2 important areas for traders and investors.
1- Green box: When it comes to the green box, investors and traders need to review their open transactions on the price.
2- Purple box: The purple box will be a region where buyers are concentrated on price.
The price between these two boxes will reveal a good trading opportunity for investors and it will be up to you to evaluate the opportunities.
4. Bitcoin Dominance
btc.d
https://www.tradingview.com/x/DnaMdEh0/
What does dominance tell us?
He mentions that the lower parities will continue their movements with opportunities in the pullbacks until the area indicated by the green arrow.
If that green area is broken down, opportunities and rises in the lower parities will bring continuity.
The place where you should be worried and take your guard in your transactions is a situation like a pullback and a rapid rise of bitcoin after the rise from that green arrow zone. In such a case, you should be careful.
