Bitcoin Cash (BCH) - August 28Hello?
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(BCHUSD 1W Chart)
If the price is maintained above the 435.70-517.20 range, it is expected that the uptrend will continue.
In particular, if the price is maintained above the 627.90-702.98 range, it is expected to create a new wave.
(1D chart)
We need to make sure we can get support at the 624.90 point.
If they move down from the 624.90 point, we need to see if there is support at the 517.20 point.
If the price is maintained above the 702.98 point, I would expect a move to break out of the downtrend line.
If it falls in the 435.70-517.20 section, it is possible to enter the mid- to long-term investment area, so careful trading is required.
If possible, we are trying to publish both a USD chart (USDT chart) and a BTC chart at the same time.
The way you view the chart is different from the USD (USDT) chart and the BTC chart.
As the size of the coin market grows, most exchanges have started trading in the USD or USDT market, so I think that there is a possibility that it will disappear gradually because the proportion of transactions in the BTC market coin market is getting smaller.
However, since the BTC market is currently active, I do not believe that the chart of this BTC market can be ignored.
Since BTC price has high volatility, if the BTC price rises, the price chart of individual tokens such as BTC coin, that is, tokens traded in the BTC market, will decrease accordingly.
However, there are charts that do not.
This should be seen as a price defense as there are a lot of trades taking place.
This price defense is likely to lead to a big rise when the BTC price goes sideways, so I think it can be used as an indicator for trading individual tokens such as BCH tokens according to the BTC price trend.
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(BCHBTC 1W chart)
(Full chart: )
It must rise above 0.02444-0.03406 to create a new wave.
Below the 0.02879 point, the bottom section is considered to be in the long-term investment area.
Accordingly, you should take your time and think about your plans for long-term investments.
(1D chart)
It remains to be seen if the price can sustain by moving up towards the 0.01466-0.01606 range.
In particular, it is necessary to ensure that there is support at the 0.01278 point.
It must rise above the 0.01606 point to turn into an uptrend.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
