Bitcoin (BTC) - August 31 (1h)
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You can see the support again at 11516.5.
After the time indicated on the chart, you should see if you can rise above the 11814.5 point and above the uptrend line (2).
Alternatively, we have to see if it falls below the 11244.0 point and below the downtrend line (6).
If you climb above the uptrend line (3) and above the 11971.0 point, you should be supported by the uptrend line (2).
We believe that touching the uptrend line (3) above the 11971.0 point and then falling below the 11516.5 point could be very bad.
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BTC price movement is expected to rise slowly compared to other altcoins.
(This may not be the case, so careful judgment is required.
I am talking only assuming that this flow occurs, so please do not make any mistake.)
If the BTC price rises above 13272.0 points due to a sharp rise,
I think there is a possibility that it will lead to a sharp decline.
At this time, if you touch the 10300.0 point or less, it is expected that it will immediately turn into a downtrend.
Accordingly, I think it is good for the BTC price to continue a slow and stable upward trend.
If you are investing in BTC or are planning to invest in BTC, I think a response strategy is needed for this situation, which is expected to rise slowly compared to altcoins.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
You can see the support again at 11516.5.
After the time indicated on the chart, you should see if you can rise above the 11814.5 point and above the uptrend line (2).
Alternatively, we have to see if it falls below the 11244.0 point and below the downtrend line (6).
If you climb above the uptrend line (3) and above the 11971.0 point, you should be supported by the uptrend line (2).
We believe that touching the uptrend line (3) above the 11971.0 point and then falling below the 11516.5 point could be very bad.
-------------------------------------------------- ------------
BTC price movement is expected to rise slowly compared to other altcoins.
(This may not be the case, so careful judgment is required.
I am talking only assuming that this flow occurs, so please do not make any mistake.)
If the BTC price rises above 13272.0 points due to a sharp rise,
I think there is a possibility that it will lead to a sharp decline.
At this time, if you touch the 10300.0 point or less, it is expected that it will immediately turn into a downtrend.
Accordingly, I think it is good for the BTC price to continue a slow and stable upward trend.
If you are investing in BTC or are planning to invest in BTC, I think a response strategy is needed for this situation, which is expected to rise slowly compared to altcoins.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
Nota
(XBTUSD 1M chart + USDT dominance 1M chart)Let's see if the cycle is right.
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