readCrypto

Bitcoin (BTC) - September 1

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello?
Welcome, traders.

By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.

-------------------------------------

(BTCUSDT 1M Chart)
We will post again when new candles are created.


(1W chart)
After September 5th, the key is whether the price can be maintained above the 21475.02-21838.98 section.

It is expected to show a full-fledged upward trend when it rises more than 5 sections.

If it falls below section 1, it will form a new sideways section.



(1D chart)
- The key is whether there is movement out of the section 19695.87-20798.16.

In particular, we need to see if we can move above 20241.05 to break out of the downtrend line.


- Bollinger Bands (60) switched from falling to consolidation.

It remains to be seen if any move out of this consolidation will turn into volatility around September 7th.

If the price falls below 18353.11, there is a possibility that it will move towards the 15916.68 area, so you need to be careful.


- If it goes down in a falling channel, it is important to touch the 1st section and rise.

------------------------------------------------------------ -------------------------------------------

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.

** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)

---------------------------------
Comment:
(BTCUSD 1M Chart)

------------------------------------

(BTCUSDT 1M Chart)
It is important to be able to support and rise in the 19695.87-21475.02 section.

- As the RSI indicator is located in the oversold zone, you should be cautious of further declines.

- When the Stoch RSI indicator is out of the oversold zone, it is necessary to check whether the price is maintained above 21475.02.

[Example of exchange chart setup]

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

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.