Bitcoin (BTC) - August 20 (1h)
Updated
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Touching below 11631.5 points and rising.
You need to make sure you can get support at 11631.5.
Also, it remains to be seen if it can rise rapidly above the uptrend line (3).
You should check to see if you are moving above the uptrend line (3) after 21:00 (UTC) on August 20.
If it falls below the 11516.5 point, I think it is necessary to trade in installments to preserve profit and loss.
I think the 10300 point is the point where it turns into a downtrend.
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(USDT Dominance 1h Chart)
(UTC)
It remains to be seen if it can move below the 2.836 point and below the downtrend line (2) after the time indicated on the chart.
If it rises above the 2.836-2.863 section, the price of the coins is expected to fall a lot.
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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.
-------------------------------------------------- -----
Touching below 11631.5 points and rising.
You need to make sure you can get support at 11631.5.
Also, it remains to be seen if it can rise rapidly above the uptrend line (3).
You should check to see if you are moving above the uptrend line (3) after 21:00 (UTC) on August 20.
If it falls below the 11516.5 point, I think it is necessary to trade in installments to preserve profit and loss.
I think the 10300 point is the point where it turns into a downtrend.
-------------------------------------------------- ------------
(USDT Dominance 1h Chart)
(UTC)
It remains to be seen if it can move below the 2.836 point and below the downtrend line (2) after the time indicated on the chart.
If it rises above the 2.836-2.863 section, the price of the coins is expected to fall a lot.
-------------------------------------------------- -------------------------------------------
** 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.
Note
(BTC Dominance 1D Chart)You need to see if you can get resistance at the downtrend line (2) and move down.
If it rises above the 63.38 point, altcoins' prices may turn downward.
Note
(Binance BTCUSDT 1D Chart)It remains to be seen if it can rise above the 11879.95 point around August 20 (August 19-21).
If it falls, we need to see if we can get support at 11392.08.
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