Bitcoin (BTC) - August 18
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Dear traders, nice to meet you.
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It broke through the 11971 point and touched the 12340 point.
If you get support at 12340, you'd expect to touch 13272 or more.
We will see if we can move up without deviating from the uptrend line (1)-(3).
The period of volatility ends.
The rise to enter the expected 12K range came out.
Now it is time to proceed with the full-fledged trading of the coins you were interested in.
Since BTC is above RSI 70, we need to slowly figure out the entry point.
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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.
-------------------------------------------------- -----
It broke through the 11971 point and touched the 12340 point.
If you get support at 12340, you'd expect to touch 13272 or more.
We will see if we can move up without deviating from the uptrend line (1)-(3).
The period of volatility ends.
The rise to enter the expected 12K range came out.
Now it is time to proceed with the full-fledged trading of the coins you were interested in.
Since BTC is above RSI 70, we need to slowly figure out the entry point.
-------------------------------------------------- -------------------------------------------
** 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.)
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