readCrypto

Bitcoin (BTC) - August 2 (1h)

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BITMEX:XBTUSD.P   Bitcoin
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It is rising above 11516.5.

You need to make sure you can get support at point 11516.5.
You should also watch for an upward trend along the upward trend line (2).

After the time indicated on the chart, we need to check if it is rising above the 12340 point and following the uptrend line (2).

If you fall below the 11516.5 point, you are likely to touch below the uptrend line (1).

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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
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Touched near the upward trend line (1).
We need to see support on the uptrend line (1) and see if it can rise.

You should also make sure you can get support at 10300.

You still have to watch for an upward trend line (2) or higher after the time indicated on the chart.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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