Bitcoin (BTC) - August 4

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(BTCUSDT 1D Chart)
If the price holds above 22753.10, it is expected to maintain an uptrend.

Primary resistance: around 25K
Secondary resistance: 27K-29K

The key is whether it can rise above 23266.90 to find support.


The interval 27033.35-29812.52 is the interval that determines the trend.

Therefore, if it falls without being supported in the section 27033.35-29812.52, Stop Loss is required to preserve profit and loss.

This is because it will not turn into an uptrend and will likely form a continuous downtrend.



(1h chart)

** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.

Primary resistance: 23776.85-23901.72
Secondary resistance: 24467.77

Support: 22579.68-22753.10

The key is whether we can find support near 23175.25 and move above 23414.04.

If not, there is a possibility that it will fall to the 22579.68-22753.10 section.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)

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Komentar:

** Interpretation using indicators in the price chart part **

MS-Signal indicators indicate trends.

Therefore, if the price is maintained above the MS-Signal indicator, the uptrend will continue.


The MACD-P indicator acts as support and resistance at the horizontal point.

Also, the color red is displayed when the Histogram of the MACD indicator is above 0 point.


Heikin Ashi also shows a trend.

Blue on Heikin Ashi indicates a downtrend.


Taken together,

- Supported near the 22751.0 point where the MS-Signal indicator and Heikin Ashi intersect,

- The uptrend will continue when it rises above the MACD-P indicator of 23257.6.


Analyzing the movement of the above indicators,

- Aggressive buying is possible in the range 22570.6-22751.0,

- A full-scale buy is possible after confirming the support at 23257.6.

- Stop Loss is when it falls below the 21481.1-21826.1 section, so there must be a countermeasure for it. (When it falls about -5%)

- Resistance section is 27054.1-29840.6 section.



Since the Stoch RSI has entered the oversold zone, we need to check where it finds support and resistance when it comes out of the oversold zone.

Komentar:

(BTCUSDTPERP 1h chart)

Komentar:

(US 100 CFD (Nasdaq) 1D Futures Chart)

The RSI, Stoch RSI and short-term CCI indicators are entering the overbought zone.

When any of these break out of the overbought zone, you need to check where you find support and resistance.

Komentar:

(WEMIXUSDT 1D Chart)

The key is whether it can be supported in the 2.64925-2.81931 section or more.

To turn into an uptrend, you need to either move above the HA-high indicator or shake it up and down to make the HA-High indicator decline.