Bitcoin (BTC) - September 1 (1h)

Aug 31, 2020

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It remains to be seen if it can rise above the uptrend line (2).

If you climb above the uptrend line (2), you should get support at 11814.5.

Unsuccessful attempt to break through 11814.5 points: possibility of touching 11516.5 points or less

Since it started to deviate from the 11108.5-11600.0 range, I think it is highly likely to rise if it is supported at 11600.0.

I think the next volatility period is likely around September 4.

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(USDT Dominance 1D Chart)

We need to see if we can get resistance at 2.863 and move down.
It remains to be seen if it can move below the downtrend line (2) and below the 2.696 point.
I think the next volatility period is likely around September 6.

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If you combine the volatility period on the XBTUSD chart and the volatility period on the USDT Dominance chart, the volatility period is between September 3-7.
We believe the maximum variation during the volatility period is likely to be between 10300.0-12471.0.

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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.)

Sep 1, 2020

Note

(USDT Dominance 1D Chart)

A gap of 2.541-3.695 appears to have occurred.
This means that new funds have entered the coin market.
We will see if this money is being used as a buy in the coin market.

Sep 1, 2020

Note

(BTC Dominance 1D Chart)

There was a gap fall.
The gap interval is 60.56-60.0.
If it does not rise above the downtrend line (1), it is expected to continue to decline.
I think there is a high possibility that it will fall to the 56.74-58.02 range.
After arriving at the 56.74-58.02 range, a new wave is expected to begin (this new wave means that it can develop either ascend or fall).
If it rises above 60.56 points to fill the gap or rises above the downtrend line (1) and touches the 63.38 point, I think the coin market is likely to be in a downtrend.