Bitcoin (BTC) - August 29
Updated
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(BTCUSDTPERP 1D Chart)
After around September 7th, the key question is whether or not the price has risen above 21481.1 to maintain the price.
We need to see if we can find support in the 19424.9-19930.6 zone and move above 20794.4.
- Since the RSI, Stoch RSI, and CCI (9) indicators have entered the oversold zone, further declines are expected if they are not supported near 19930.6.
However, if the price is maintained above 19930.6 when it breaks out of the oversold zone, it is expected to lead to an uptrend.
- The movement of the auxiliary indicator can be known from the Stoch RSI indicator and the CCI-C indicator CCI and EMA.
If these two indicators don't show an uptrend, it is likely that the downtrend will be prolonged, so trade cautiously.
- In the CCI-C index, the set value of the CCI line is adjusted to the swing period so that the movement is reflected more quickly.
In the CCI-C indicator, the key interpretation method is whether the CCI line is located above or below the EMA line.
When it falls below 22570.6, the main position is 'SHORT'.
In order to convert the main position to 'LONG' in the current flow, it needs to rise above 20570.1 and find support.
However, if the current HA-Low indicator point does not change, it can be changed to the 'LONG' position as the main position when it rises above 21641.3.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
---------------------------------
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
After around September 7th, the key question is whether or not the price has risen above 21481.1 to maintain the price.
We need to see if we can find support in the 19424.9-19930.6 zone and move above 20794.4.
- Since the RSI, Stoch RSI, and CCI (9) indicators have entered the oversold zone, further declines are expected if they are not supported near 19930.6.
However, if the price is maintained above 19930.6 when it breaks out of the oversold zone, it is expected to lead to an uptrend.
- The movement of the auxiliary indicator can be known from the Stoch RSI indicator and the CCI-C indicator CCI and EMA.
If these two indicators don't show an uptrend, it is likely that the downtrend will be prolonged, so trade cautiously.
- In the CCI-C index, the set value of the CCI line is adjusted to the swing period so that the movement is reflected more quickly.
In the CCI-C indicator, the key interpretation method is whether the CCI line is located above or below the EMA line.
When it falls below 22570.6, the main position is 'SHORT'.
In order to convert the main position to 'LONG' in the current flow, it needs to rise above 20570.1 and find support.
However, if the current HA-Low indicator point does not change, it can be changed to the 'LONG' position as the main position when it rises above 21641.3.
------------------------------------------------------------ -----------------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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Note
(US 100 CFD (Nasdaq) 1W Futures Chart)The 12212.6-12932.3 interval is an important interval on the 1M chart.
If the price is maintained in this range, it is likely to show an uptrend.
The 12374.1-13147.7 interval is an important interval on the 1W chart.
Therefore, if the price is maintained in this range, it is likely to show an uptrend.
This uptrend is expected to lead to a full-fledged uptrend starting above 13473.5.
If it falls below 12212.6, you need to be careful as you can touch the 1066.6-11169.5 section again.
(1D chart)
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