[August 26 Bitcoin chart analysis]
BTCUSD 30Min Chart
*My analysis is optimized for TradingView.
If you press the replay button, you can check real-time movements.
-On the left, marked by the purple finger, I have connected the strategy exactly as it was at the entry point of the long position entered on the 25th, 79.2K.
A MACD Dead Cross is currently in progress on the 12-hour chart.
*Based on the movement path of the light blue finger:
Short -> Long -> Short Two-way Neutral Strategy
1) Short position entry point at $79,757.5 / Stop loss upon breakout of the orange resistance line
2) Switch to long position at $78,950.7 / Stop loss upon breakout of the purple support line
(Same stop loss applies to those maintaining the long position at 79.2K)
3) Switch to short position at $80,972 / Stop loss upon breakout of the red resistance line
This is the zone to utilize for re-entering the long position at 79.7K from tomorrow onwards.
- If the price reaches the "Good" zone today,
you do not need to operate a short position,
and there is a very high possibility of sideways movement today.
Please exercise caution, as a break below the purple support line could lead to a decline to the bottom -> up to Zone 1.
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.
#BTC100K #Altcoin Season# #ETH #BTC Price Analysis# $CRYPTO $GOLD $XRP $BTC
BTCUSD 30Min Chart
*My analysis is optimized for TradingView.
If you press the replay button, you can check real-time movements.
-On the left, marked by the purple finger, I have connected the strategy exactly as it was at the entry point of the long position entered on the 25th, 79.2K.
A MACD Dead Cross is currently in progress on the 12-hour chart.
*Based on the movement path of the light blue finger:
Short -> Long -> Short Two-way Neutral Strategy
1) Short position entry point at $79,757.5 / Stop loss upon breakout of the orange resistance line
2) Switch to long position at $78,950.7 / Stop loss upon breakout of the purple support line
(Same stop loss applies to those maintaining the long position at 79.2K)
3) Switch to short position at $80,972 / Stop loss upon breakout of the red resistance line
This is the zone to utilize for re-entering the long position at 79.7K from tomorrow onwards.
- If the price reaches the "Good" zone today,
you do not need to operate a short position,
and there is a very high possibility of sideways movement today.
Please exercise caution, as a break below the purple support line could lead to a decline to the bottom -> up to Zone 1.
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.
#BTC100K #Altcoin Season# #ETH #BTC Price Analysis# $CRYPTO $GOLD $XRP $BTC
