[August 28 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-
This is the Bitcoin 30-minute chart.
In the top left corner, I connected the last short position entry point at $80,792 with the purple finger.
The reason the correction is stronger than expected following the previous high renewal is that the mid-term pattern was broken as it touched the center line of the 6-hour Bollinger Bands on the 26th, which I explained last time.
Since the correction is strong, I assumed some of you may have quickly switched to long positions, so I operated aggressively.
*Chase buy and long position strategy when following the red finger's movement path.
1) $79,246.8 Long position entry point / Stop loss if the green support line is broken.
It could fall to zone 1 below, which I consider the safest entry point for a long position. 2) $82,178.1 Long Position 1st Target -> Target price in the maximum "Good" zone during the weekend
If the strategy is successful, the red finger at $80.9K is the zone to utilize for re-entry into the long position.
Please be cautious, as the bottom line (Bottom) opens up to zone 2 once it breaks below the green support line.
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# #BTC Price Analysis# #Crypto $USDT $BTC $ETH $XRP
BTCUSD 30Min Chart
*My analysis is optimized for TradingView.
If you press the replay button, you can check real-time movements.
-Long position strategy-
This is the Bitcoin 30-minute chart.
In the top left corner, I connected the last short position entry point at $80,792 with the purple finger.
The reason the correction is stronger than expected following the previous high renewal is that the mid-term pattern was broken as it touched the center line of the 6-hour Bollinger Bands on the 26th, which I explained last time.
Since the correction is strong, I assumed some of you may have quickly switched to long positions, so I operated aggressively.
*Chase buy and long position strategy when following the red finger's movement path.
1) $79,246.8 Long position entry point / Stop loss if the green support line is broken.
It could fall to zone 1 below, which I consider the safest entry point for a long position. 2) $82,178.1 Long Position 1st Target -> Target price in the maximum "Good" zone during the weekend
If the strategy is successful, the red finger at $80.9K is the zone to utilize for re-entry into the long position.
Please be cautious, as the bottom line (Bottom) opens up to zone 2 once it breaks below the green support line.
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# #BTC Price Analysis# #Crypto $USDT $BTC $ETH $XRP
