Bitcoin (BTC) - August 25
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Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(BTCUSDTPERP 1D Chart)
The HA-Low indicator has risen, indicating that the low has risen.
So, the key is whether you can sustain the price above 21481.1.
If resistance is found at 21481.1, it is expected to move towards the 19930.6 level.
If the price is maintained above 21481.1,
Primary resistance: 22570.6-22751.0
Secondary resistance: 23257.6-23804.3
- You need to check if all indicators (RSI, Stoch RSI, cci(9)) are out of the oversold zone.
At this point, if support is found above 21481.1, it is expected to lead to further upside.
- If the CCI line stays above the EMA line, BTC will rise.
(1h chart)
If the CCI line remains above the EMA line, the BTC price is expected to rise.
At this time, the key is whether the 21481.1-21826.1 section can be supported and rise.
------------------------------------------
As I keep saying, the most important thing in trading is crafting a trading strategy.
How far the price will rise or how far down is a secondary issue.
The important factors when creating a trading strategy are:
1. Trading Period
2. Investment scale
3. Trading method (split trading method, profit method, stop loss setting)
Among them, 1. The trading period is a key factor in creating a trading method, so it must be observed.
For example, you bought a short trade with the intention of making a profit, but if the price goes down, you should not extend the trading period from short to medium term.
Because such a change would have to change the entire trading strategy, the trade would be very likely to fail.
Currently, most of the coins (tokens) are located in the low and bottom sections.
Therefore, even if the price declines further in the future, if you wait, it will rise above the entered price range.
Therefore, it is recommended to create a trading strategy and conduct trading from a mid- to long-term point of view, rather than setting the trading period as a short-term trade at the beginning and proceeding with the trade.
------------------------------------------------------------ -------------------------------------------
** 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)
The HA-Low indicator has risen, indicating that the low has risen.
So, the key is whether you can sustain the price above 21481.1.
If resistance is found at 21481.1, it is expected to move towards the 19930.6 level.
If the price is maintained above 21481.1,
Primary resistance: 22570.6-22751.0
Secondary resistance: 23257.6-23804.3
- You need to check if all indicators (RSI, Stoch RSI, cci(9)) are out of the oversold zone.
At this point, if support is found above 21481.1, it is expected to lead to further upside.
- If the CCI line stays above the EMA line, BTC will rise.
(1h chart)
If the CCI line remains above the EMA line, the BTC price is expected to rise.
At this time, the key is whether the 21481.1-21826.1 section can be supported and rise.
------------------------------------------
As I keep saying, the most important thing in trading is crafting a trading strategy.
How far the price will rise or how far down is a secondary issue.
The important factors when creating a trading strategy are:
1. Trading Period
2. Investment scale
3. Trading method (split trading method, profit method, stop loss setting)
Among them, 1. The trading period is a key factor in creating a trading method, so it must be observed.
For example, you bought a short trade with the intention of making a profit, but if the price goes down, you should not extend the trading period from short to medium term.
Because such a change would have to change the entire trading strategy, the trade would be very likely to fail.
Currently, most of the coins (tokens) are located in the low and bottom sections.
Therefore, even if the price declines further in the future, if you wait, it will rise above the entered price range.
Therefore, it is recommended to create a trading strategy and conduct trading from a mid- to long-term point of view, rather than setting the trading period as a short-term trade at the beginning and proceeding with the trade.
------------------------------------------------------------ -------------------------------------------
** 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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