[August 13 Bitcoin chart analysis]
BTCUSD 30Min Chart
*My analysis is optimized for TradingView.
If you press the replay button, you can check real-time movements.
-Long position strategy-
As for the Nasdaq, due to the MACD dead cross on the 12-hour chart,
it appears highly likely that it will trade sideways until tomorrow.
*Long Position Strategy (Around the time of the purple finger touch 1 at the top)
1) After confirming the touch of $63.7K in the purple finger zone 1,
the entry point for the long position is $63,450.9 (light blue finger) / Stop loss if the green support line is broken.
2) $64,324.5 is the first target for the long position -> Target prices in the order of Top, Good.
- If the target price of $64.3K is reached, use the $64,038.4 range to re-enter the long position.
3) If the price fails to touch zone 1 and drops immediately:
The entry point for the long position is $63,150.2 in the red finger zone 2 at the bottom / Stop loss if the green support line is broken -> Remaining target prices remain the same.
- The Bottom zone at the bottom is a mid-term uptrend line, so
it is not advisable if it breaks, as further declines could occur.
The limit is open up to a maximum of $62,448.8.
Please use my analysis posts merely as a reference and for practical purposes.
I hope you operate safely by strictly adhering to trading principles and stop-loss orders.
I post the analysis results as a Comment every day.
Thank you.
(You can find the link on my profile.)
- Click Follow to receive faster information every day.
- Check the results using the replay button on TradingView.
#Crypto #BTC100K #Altcoin Season# #BTC Price Analysis# $ETH $USDT $BTC $USDT
BTCUSD 30Min Chart
*My analysis is optimized for TradingView.
If you press the replay button, you can check real-time movements.
-Long position strategy-
As for the Nasdaq, due to the MACD dead cross on the 12-hour chart,
it appears highly likely that it will trade sideways until tomorrow.
*Long Position Strategy (Around the time of the purple finger touch 1 at the top)
1) After confirming the touch of $63.7K in the purple finger zone 1,
the entry point for the long position is $63,450.9 (light blue finger) / Stop loss if the green support line is broken.
2) $64,324.5 is the first target for the long position -> Target prices in the order of Top, Good.
- If the target price of $64.3K is reached, use the $64,038.4 range to re-enter the long position.
3) If the price fails to touch zone 1 and drops immediately:
The entry point for the long position is $63,150.2 in the red finger zone 2 at the bottom / Stop loss if the green support line is broken -> Remaining target prices remain the same.
- The Bottom zone at the bottom is a mid-term uptrend line, so
it is not advisable if it breaks, as further declines could occur.
The limit is open up to a maximum of $62,448.8.
Please use my analysis posts merely as a reference and for practical purposes.
I hope you operate safely by strictly adhering to trading principles and stop-loss orders.
I post the analysis results as a Comment every day.
Thank you.
(You can find the link on my profile.)
- Click Follow to receive faster information every day.
- Check the results using the replay button on TradingView.
#Crypto #BTC100K #Altcoin Season# #BTC Price Analysis# $ETH $USDT $BTC $USDT