Bitcoin (BTC) - August 4
Updated
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(BTCUSDT 1D Chart)
If the price holds above 22753.10, it is expected to maintain an uptrend.
Primary resistance: around 25K
Secondary resistance: 27K-29K
The key is whether it can rise above 23266.90 to find support.
The interval 27033.35-29812.52 is the interval that determines the trend.
Therefore, if it falls without being supported in the section 27033.35-29812.52, Stop Loss is required to preserve profit and loss.
This is because it will not turn into an uptrend and will likely form a continuous downtrend.
(1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
Primary resistance: 23776.85-23901.72
Secondary resistance: 24467.77
Support: 22579.68-22753.10
The key is whether we can find support near 23175.25 and move above 23414.04.
If not, there is a possibility that it will fall to the 22579.68-22753.10 section.
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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 through split trading. It is a short-term investment perspective.)
---------------------------------
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1D Chart)
If the price holds above 22753.10, it is expected to maintain an uptrend.
Primary resistance: around 25K
Secondary resistance: 27K-29K
The key is whether it can rise above 23266.90 to find support.
The interval 27033.35-29812.52 is the interval that determines the trend.
Therefore, if it falls without being supported in the section 27033.35-29812.52, Stop Loss is required to preserve profit and loss.
This is because it will not turn into an uptrend and will likely form a continuous downtrend.
(1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.
Primary resistance: 23776.85-23901.72
Secondary resistance: 24467.77
Support: 22579.68-22753.10
The key is whether we can find support near 23175.25 and move above 23414.04.
If not, there is a possibility that it will fall to the 22579.68-22753.10 section.
------------------------------------------------------------ -------------------------------------------
** 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 through split trading. It is a short-term investment perspective.)
---------------------------------
Note
** Interpretation using indicators in the price chart part **MS-Signal indicators indicate trends.
Therefore, if the price is maintained above the MS-Signal indicator, the uptrend will continue.
The MACD-P indicator acts as support and resistance at the horizontal point.
Also, the color red is displayed when the Histogram of the MACD indicator is above 0 point.
Heikin Ashi also shows a trend.
Blue on Heikin Ashi indicates a downtrend.
Taken together,
- Supported near the 22751.0 point where the MS-Signal indicator and Heikin Ashi intersect,
- The uptrend will continue when it rises above the MACD-P indicator of 23257.6.
Analyzing the movement of the above indicators,
- Aggressive buying is possible in the range 22570.6-22751.0,
- A full-scale buy is possible after confirming the support at 23257.6.
- Stop Loss is when it falls below the 21481.1-21826.1 section, so there must be a countermeasure for it. (When it falls about -5%)
- Resistance section is 27054.1-29840.6 section.
Since the Stoch RSI has entered the oversold zone, we need to check where it finds support and resistance when it comes out of the oversold zone.
Note
(BTCUSDTPERP 1h chart)Note
(US 100 CFD (Nasdaq) 1D Futures Chart)The RSI, Stoch RSI and short-term CCI indicators are entering the overbought zone.
When any of these break out of the overbought zone, you need to check where you find support and resistance.
Note
(WEMIXUSDT 1D Chart)The key is whether it can be supported in the 2.64925-2.81931 section or more.
To turn into an uptrend, you need to either move above the HA-high indicator or shake it up and down to make the HA-High indicator decline.
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