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Dear traders, nice to meet you.
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Touching the uptrend line, and moving along the trend line.
You need to make sure you can get support from 11516.5-11631.5 or higher.
We'll see if it can rise above the 11822.5 point.
If you climb above the 11971 point, you must be supported at the 11971 point.
(1D chart)
Be sure to keep the price above 11516.5 points after around August 15th.
You also need to see if you are getting support at the uptrend line (3).
If it doesn't rise above 12340, it will eventually fall.
If you touch the uptrend line (2), it is expected to turn into a downtrend.
If it falls below the 10088.5 point, I think it is highly likely to receive support in the 7783-8512 section.
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(Binance BTCUSDT 1D Chart)
You need to check if it can rise above the 12141.17 point after around August 13th, ascending along the uptrend line.
If not, you should make sure you are getting support at point 11274.
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(Bithumb BTCKRW 1D chart)
You should see if it is higher than the 14392000 point on August 11-14.
If not, you should make sure you are getting support at 13624000.
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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 profit generation 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 should 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.
-------------------------------------------------- -----
Touching the uptrend line, and moving along the trend line.
You need to make sure you can get support from 11516.5-11631.5 or higher.
We'll see if it can rise above the 11822.5 point.
If you climb above the 11971 point, you must be supported at the 11971 point.
(1D chart)
You also need to see if you are getting support at the uptrend line (3).
If it doesn't rise above 12340, it will eventually fall.
If you touch the uptrend line (2), it is expected to turn into a downtrend.
If it falls below the 10088.5 point, I think it is highly likely to receive support in the 7783-8512 section.
-------------------------------------------------- ---------
(Binance BTCUSDT 1D Chart)
If not, you should make sure you are getting support at point 11274.
-------------------------------------------------- ----------
(Bithumb BTCKRW 1D chart)
If not, you should make sure you are getting support at 13624000.
-------------------------------------------------- -------------------------------------------
** 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 profit generation 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 should 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/
Full-scale volatility is expected to come out around August 16 (August 15-17).