readCrypto

Bitcoin (BTC) - August 8

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart)
It is important to be able to ascend to the section 27033.35-29812.52.

To do that, we need to see if we can sustain the price above 22579.68.

It is also necessary to check whether it can rise above the diagonal Fibonacci line.


- The Stoch RSI indicator is entering the overbought zone.

When you break out of the overbought zone, you need to see if you can hold the price above 21475.02.


- It is also necessary to check whether the CCI line can rise above the zero point in the CCI-C indicator.


- In order to show a full-fledged upward trend, it must rise above the HA-High indicator.

To do that, you need to shake it up and down to make the HA-High indicator fall.


In addition, a full-fledged uptrend is expected to begin when it rises above 29812.52.

Therefore, it is important to increase the number of coins (tokens) you are investing in by trading in the short term until then. (From a mid- to long-term perspective)



(1D chart)
If the price holds above 22753.10, it is expected to maintain an uptrend.

Primary resistance: around 25K
Secondary resistance: 27K-29K

The sections 21475.02-21838.98 and 22579.68-22753.10 are important support and resistance sections of the uptrend.

therefore,
1st support: 22579.68-22753.10
2nd support: 21475.02-21838.98


- It is necessary to check whether the CCI line can continue its upward trend above the -100 point.

You should also check if the EMA line rises above the -100 point.


- If the MS-Signal indicator maintains an uptrend, it is expected to lead to further upside.



(1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.

If the CCI line stays above the EMA line, I expect it to hold its uptrend.

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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.)

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Comment:
(US 100 CFD (Nasdaq) 1M Futures Chart)
The key is whether it can move above 13473.5 to find support.


(1W chart)
The key is whether it can be supported in the section 13147.7-13473.5.


(1D chart)
Resistance: 12932.3-13473.5
Support: 12212.6-12678.2

If it falls below 12212.6, a sharp decline is expected.
Comment:
(BTCUSDTPERP 1h Chart)
It is a point where there is a psychological burden no matter which position you enter from the current point.

Therefore, if you check whether the HA-High or MACD-P indicators are supported or resisted at that point, I think you can reduce the psychological burden.

Resistance: 24464.1
Support: 23772.9-23896.9
Comment:
(ETHUSDT 1D Chart)
The key is whether it can rise above 1879.61 and find support.

To do so, we need to see if we can sustain the price above 1741.38 above the upper Bollinger Bands (60).

Resistance: 2285.94-2558.23
Comment:

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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