BTCUSD Perpetual Contract
Long
Zaktualizowano

AUGUST 13 Bitcoin chart analysis.

357
Hello
It's a Bitcoin Guide.

My analysis is optimized for TradingView.
If you press the Replay button, you can check real-time movements.


snapshot

This is the Bitcoin 30-minute chart.

As for the Nasdaq, due to the MACD dead cross on the 12-hour chart,

it appears highly likely that it will trade sideways until tomorrow.

*Long Position Strategy (Around the time of the purple finger touch #1 at the top)

1) After confirming the touch of $63.7K in the purple finger zone #1,

the entry point for the long position is $63,450.9 (light blue finger) / Stop loss if the green support line is broken.

2) $64,324.5 is the first target for the long position -> Target prices in the order of Top, Good.

- If the target price of $64.3K is reached, use the $64,038.4 range to re-enter the long position.


3) If the price fails to touch zone #1 and drops immediately:

The entry point for the long position is $63,150.2 in the red finger zone #2 at the bottom / Stop loss if the green support line is broken -> Remaining target prices remain the same.

- The Bottom zone at the bottom is a mid-term uptrend line, so
it is not advisable if it breaks, as further declines could occur.
The limit is open up to a maximum of $62,448.8.

Please use my analysis posts merely as a reference and for practical purposes.
I hope you operate safely by strictly adhering to trading principles and stop-loss orders.

Thank you for everything.
Zlecenie aktywne
Hello.

This is the Bitcoin Guide.

Last week, I suffered the loss of my father-in-law, so I served as the chief mourner and laid him to rest in a better place.

Since Bitcoin was rising sharply at the time of his encoffining, I suspect that he was greeting everyone with his thanks.

It appears the trend has shifted to an uptrend because it strongly broke through the resistance line I had anticipated. I will summarize and explain the overall situation.

Thank you.
Transakcja zamknięta: osiągnięto wyznaczony cel
Hello.
This is the Bitcoin Guide.

Let's check the movements since August 13th, when I uploaded the last analysis post.

snapshot

This is the Bitcoin 30-minute chart.
I have marked the key zones with black fingers.

*After entering a short position at 63.7K (Zone 1 marked with the purple finger at the top),
it fell to 63.4K at the bottom -> Zone 2 to $63,150.2,
and closed without breaking the green support line.
(The strategy was manual liquidation)

An additional daily candle was formed,
and after accurately touching the Bottom -> 62.4K zone marked at the bottom,

it closed without breaking the sky-blue support line.
It was a sideways market without any significant movement until the weekend.


snapshot

This is the Bitcoin 4-hour chart. I have marked the key zones with a black finger.

After the final touch of $62,448.8 at the bottom, it succeeded in a strong surge without breaking the sky-blue support line.

After breaking through the black resistance line -> Miracle uptrend line, it reached the Gap 10 zone.

After touching the lowest point of 62.4K, it successfully rose by about $17,000.



snapshot

This is the Bitcoin daily chart.
I have marked the key zones with a black finger.

Indicated by the purple finger at the bottom left, it succeeded in rebounding without any further breakouts following the long position entry at $61,824 on July 6th.

It took a long time due to the prolonged sideways movement, but ultimately, it succeeded in rebounding.

Thank you all for your hard work, and personally, I would like to express my apologies and gratitude to my father-in-law. It might be a coincidence, but personally, I felt very sorry for not being able to treat you better.

Also, the rebound that occurred at 9:30 PM on August 19th was the day of my father-in-law's funeral, and it was also my birthday.

I didn't have time to look at the charts, and as a chief mourner, I was out of my mind. I was very shocked when I finally let him go. I am filled with mixed emotions.

Today, I will only leave a summary of the overall market situation and a review, and I plan to resume my activities actively starting tomorrow.

I didn't even have the time to make a separate announcement, but I would like to express my gratitude to those who waited patiently without saying a word.

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