Bitcoin (BTC) - August 30 (1h)
Updated
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About the flow before and after the time shown in the chart on August 31st
Fall at 11516.5: Possibility of falling below 11244.0, below the downtrend line (6)
Ascent from 11516.5 point: 11971.0 point or higher, possibility to rise above the uptrend line (3)
Upcoming volatility period: Expected around September 4 (September 3-5)
Expected to deviate from 10968.0-11971.0
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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.)
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.
-------------------------------------------------- -----
About the flow before and after the time shown in the chart on August 31st
Fall at 11516.5: Possibility of falling below 11244.0, below the downtrend line (6)
Ascent from 11516.5 point: 11971.0 point or higher, possibility to rise above the uptrend line (3)
Upcoming volatility period: Expected around September 4 (September 3-5)
Expected to deviate from 10968.0-11971.0
-------------------------------------------------- -------------------------------------------
** 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
(USDT Dominance 1D Chart)We need to see if we can drop below the 2.863 point around August 29 (August 28-30).
If you continue to sideways near the 2.863-2.9 section, I think the next volatility period is likely to be around September 6.
Note
(USDT Dominance 1h Chart)(UTC)
It is falling below the 2.863 point.
We'll have to see if we can continue to fall down and touch 2.575 points or less.
Note
(BTC Dominance 1D Chart)It remains to be seen if it can continue to decline between the downtrend lines (1) and (2).
If it doesn't rise above 63.38 by around October 28, it will likely continue to decline and touch the 56.74-58.02 range.
I think it is important not to rise above the downtrend line (1).
I think that the decline in BTC dominance does not mean the decline and rise of BTC price, but is related to the rise and fall of altcoin price.
Accordingly, if you continue to fall along the downtrend line (1), I think there is a possibility that a huge bull market will begin.
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