Bitcoin (BTC) - August 4 (1h)

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

⋅ Aug 3, 2020 9:57 PM

Hello?
Dear Traders, Nice to meet you.

"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.

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I broke the 11268.5 point and climbed, but I couldn't touch the 11516.5 point.

You need to make sure you can get support at point 11268.5.

We need to make sure that we are still holding the price above the uptrend line (1) after the time indicated on the chart.

For details, please refer to the previous article.

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(Binance BTCUSDT 1D chart)

You need to make sure you can get support at point 11251.
In order to get out of RSI 70, I could drop to near the 10383.43 point, so I think it is necessary to trade carefully.

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** Check 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 profit or loss on investment.

Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section

Comments

cryptosause

⋅ Aug 3, 2020 10:16 PM

thank you trying to learn

readCrypto

⋅ Aug 3, 2020 11:17 PM

@cryptosause, Thanks for the comment. There should be no wasting time re-analyzing the analysis.

StanleyFenderTrading

⋅ Aug 3, 2020 10:02 PM

thanks for your work!

readCrypto

⋅ Aug 3, 2020 11:14 PM

@StanleyFenderTrading, Thanks for the comment.

jiljil

⋅ Aug 4, 2020 7:26 AM

Thank you sir!

readCrypto

⋅ Aug 4, 2020 7:32 AM

@jiljil, Thanks for the comment.