EARLY-DAY ASSESSMENT 18/08
BTC RECLAIMS THE 64.5K ZONE
*Daily timeframe:
- On 17/08, BTC gained from the beginning of the session, rising from the 62.723k price zone to reclaim the 64.597k area. The session closed at 64.504k, just below the lower breakout threshold of the Sonic Cluster, and closed convincingly above the MA50.
- RSI: Crossed upward above the signal line, and exceeded the 50 level.
- MACD: Shows signs of crossing upward above the signal line, and the Histogram is less negative.
*4h timeframe:
- On this timeframe, BTC has demonstrated momentum to reclaim the 64k price zone. Although there were many fluctuations, BTC still held the candle close at 64.504k, nearly the session high. The 63.5k area is currently the psychological resistance area for BTC.
- RSI is approaching the overbought zone.
- MACD and the histogram show rising alignment (bullish consensus).
+ Scenario 1: Consider SELL in the 64.38k - 64.4k zone; expected TP at 63.5k - 63.7k.
+ Scenario 2: Consider BUY in the 63.3k - 63.5k zone; expected TP at 64.5k - 64.8k.
* Gold (XAU): On 17/08, gold continued to show an uptrend as it approached the 4432 price zone. It closed near the session high around 4430. Gold is likely to break through 4500-4600.
* Oil (Oil): Geopolitics continues to escalate, helping oil on 17/08 gradually creep back up to the 85U zone. It closed near the session high at 84.952U — oil has the potential to move back toward the 88U - 90U zone.
+ Gold trading scenario: Consider BUY gold when it tests down at 4380 - 4385; expected TP 4500-4600 (tight SL depending on position)
> BTC scenarios: SL 500-700 points from Entry
* ASSESSMENT + TRADING SCENARIOS: These are the Team’s viewpoints intended to provide reference information (Not investment advice). Wishing everyone a trading day: "Calm - Safe - Disciplined" @All
BTC RECLAIMS THE 64.5K ZONE
*Daily timeframe:
- On 17/08, BTC gained from the beginning of the session, rising from the 62.723k price zone to reclaim the 64.597k area. The session closed at 64.504k, just below the lower breakout threshold of the Sonic Cluster, and closed convincingly above the MA50.
- RSI: Crossed upward above the signal line, and exceeded the 50 level.
- MACD: Shows signs of crossing upward above the signal line, and the Histogram is less negative.
*4h timeframe:
- On this timeframe, BTC has demonstrated momentum to reclaim the 64k price zone. Although there were many fluctuations, BTC still held the candle close at 64.504k, nearly the session high. The 63.5k area is currently the psychological resistance area for BTC.
- RSI is approaching the overbought zone.
- MACD and the histogram show rising alignment (bullish consensus).
+ Scenario 1: Consider SELL in the 64.38k - 64.4k zone; expected TP at 63.5k - 63.7k.
+ Scenario 2: Consider BUY in the 63.3k - 63.5k zone; expected TP at 64.5k - 64.8k.
* Gold (XAU): On 17/08, gold continued to show an uptrend as it approached the 4432 price zone. It closed near the session high around 4430. Gold is likely to break through 4500-4600.
* Oil (Oil): Geopolitics continues to escalate, helping oil on 17/08 gradually creep back up to the 85U zone. It closed near the session high at 84.952U — oil has the potential to move back toward the 88U - 90U zone.
+ Gold trading scenario: Consider BUY gold when it tests down at 4380 - 4385; expected TP 4500-4600 (tight SL depending on position)
> BTC scenarios: SL 500-700 points from Entry
* ASSESSMENT + TRADING SCENARIOS: These are the Team’s viewpoints intended to provide reference information (Not investment advice). Wishing everyone a trading day: "Calm - Safe - Disciplined" @All