readCrypto

Bitcoin (BTC) - August 22

BINANCE:BTCUSDT   Bitcoin / TetherUS
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(US 100 CFD (Nasdaq) 1D Futures Chart)
The key is whether you can support and rise in the 12932.3-13743.5 section.


(ETH.D 1W chart)
For ETH to maintain its uptrend, Dominus needs to be supported and rise in the 18.54-20.13 section.

If not, you need to be careful as the ETH price could plummet.

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(BTCUSDT 1W Chart)
Consolidating in the uptrend channel between #2 and #4, we need to see if the price is holding above the 3rd point in the week of September 5th.

If that happens, it is expected to lead to an attempt to break through the MS-Signal indicator.


Below 2, if it falls below 60 SMA, there is a possibility of touching the 1st segment.



(1D chart)
The key is to keep the price above 214750.02 for the period around August 21st - around September 9th.

Holding the price above 214750.02 is expected to lead to an attempt to break through the 23312.42-23810.98 zone.

If the breakout is successful, it is expected to move higher than 25700.0.


If you fail to get support above 21475.02, you can touch the 19946.21-20573.89 section, so be careful.


- You should see if the RSI, Stoch RSI, CCI(9) indicators are starting to break out of the oversold zone.

When you break out of the oversold zone, you should check to see if support is found above 21475.02.

If it fails to move above 22579.68-2275.10, you need to be prepared for it as it could lead to further declines as a bearish rebound.

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To see support and resistance, you need at least 1-3 days to check the flow.

So, it will take some time to see how it is supported by 21475.02.

Therefore, it is currently the first attempt to rise above 21475.0, so an aggressive buy is possible, but there is a possibility that it may fall below 21475.0, so there must be a countermeasure.


If the 214750.0-21838.98 section is supported and rises, it is expected to rise to the 22579.68-22753.10 section, but it is not known whether it will rise immediately or touch the 214750.0-21838.98 section again and rise again.


So, "Can you support and rise in the 214750.0-21838.98 section?" Asking this is just a subjective opinion.

Even if an analyst is good at matching ups and downs, it's of no use if he can't craft his own trading strategy to follow.

Therefore, you need to practice making your own trading strategies and develop the determination and patience to execute those trading strategies.


Aggressive buying is already buying enough that you won't be hurt by a sharp drop.

Stop Loss is a must for this aggressive buy.

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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 index was re-created by applying a formula to the DepthHouse Trading index, an index 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.)

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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