[September 10 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-
*If the price follows the path indicated by the red arrow:
Long position strategy
1) Long entry zone: $76,999.4 / Stop-loss: If the price breaks below the green support line
2) Long position 1st target: $78,912.2 -> Subsequent targets: 'Top' and then 'Good'
- If the strategy succeeds, the $78.5K level (marked by the red arrow) can be used as a re-entry zone for long positions.
- If the price breaks below the green support line,
the rising channel will be invalidated, and it may take a long time for the price to rise again.
- Currently, the Nasdaq is showing a MACD "death cross" on the 12-hour chart,
so there is a high probability of sideways movement.
If the price holds above the purple support line, the market may close with an upward-drifting sideways trend.
If it breaks below the green support line, the price could drop toward the 'Bottom' level marked below
-> potentially extending down to the '1' zone.
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.
#BTC Price Analysis# #Altcoin Season# #Crypto# $USDT $BTC $ETH
BTCUSD 30Min Chart
*My analysis is optimized for TradingView.
If you press the replay button, you can check real-time movements.
-Long position strategy-
*If the price follows the path indicated by the red arrow:
Long position strategy
1) Long entry zone: $76,999.4 / Stop-loss: If the price breaks below the green support line
2) Long position 1st target: $78,912.2 -> Subsequent targets: 'Top' and then 'Good'
- If the strategy succeeds, the $78.5K level (marked by the red arrow) can be used as a re-entry zone for long positions.
- If the price breaks below the green support line,
the rising channel will be invalidated, and it may take a long time for the price to rise again.
- Currently, the Nasdaq is showing a MACD "death cross" on the 12-hour chart,
so there is a high probability of sideways movement.
If the price holds above the purple support line, the market may close with an upward-drifting sideways trend.
If it breaks below the green support line, the price could drop toward the 'Bottom' level marked below
-> potentially extending down to the '1' zone.
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.
#BTC Price Analysis# #Altcoin Season# #Crypto# $USDT $BTC $ETH
