Bitcoin (BTC) - August 17 (last day of volatility period)
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Three attempts were made to break through the 11971 point.
If you don't break through the 11971 point on your fourth attempt, you're likely to touch 11383 points or less.
It remains to be seen when the 11971 breakthrough attempt will be made.
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(USDT Dominance 1h Chart)
August 17 is the last day for final volatility.
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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.
-------------------------------------------------- -----
Three attempts were made to break through the 11971 point.
If you don't break through the 11971 point on your fourth attempt, you're likely to touch 11383 points or less.
It remains to be seen when the 11971 breakthrough attempt will be made.
-------------------------------------------------- --------
(USDT Dominance 1h 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.)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
If it gets support at 11879.95, it is expected to be able to climb along the uptrend line (1).
If there is no support at 11879.95 by around August 20th, it is likely to fall below 11392.08.