Bitcoin (BTC) - August 16 (Variability Period) (1h)
Updated
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You need to make sure you can get support at the 11971 point.
You need to see if you can still climb along the uptrend line (1) after the time indicated on the chart.
If the breakthrough fails, it is expected to touch below 11516.5 points.
(1D chart)
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(USDT Dominance 1D Chart)
We have to see if we can touch 2.541 points during the volatility period.
The 2.541 point is the point in the gap section that has occurred in the USDT dominance chart.
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Coin market volatility period (August 14-17).
Therefore, I think careful trading is necessary.
I think it is better to observe the flow rather than rushing to trade according to the price flow.
I think this is a time when only minimal trading is possible to preserve profit and loss.
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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 need to make sure you can get support at the 11971 point.
You need to see if you can still climb along the uptrend line (1) after the time indicated on the chart.
If the breakthrough fails, it is expected to touch below 11516.5 points.
(1D chart)
-------------------------------------------------- --------
(USDT Dominance 1D Chart)
We have to see if we can touch 2.541 points during the volatility period.
The 2.541 point is the point in the gap section that has occurred in the USDT dominance chart.
-------------------------------------------------- ----------
Coin market volatility period (August 14-17).
Therefore, I think careful trading is necessary.
I think it is better to observe the flow rather than rushing to trade according to the price flow.
I think this is a time when only minimal trading is possible to preserve profit and loss.
-------------------------------------------------- -------------------------------------------
** 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
(Binance BTCUSDT 1D Chart)We have to see if we can ascend above 12141.17.
You also need to make sure you can get support at 11879.95.
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