Bitcoin (BTC) - August 17

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(BTCUSDTPERP 1D Chart)

The highs are being updated.

Therefore, if the price is maintained at or above the 23257.6-23804.3 range, it is expected to rise above 25459.8.


If it declines in the 23257.6-23804.3 section, there is a possibility that it will turn into a downtrend.

However, if it is supported in the 23257.6-23804.3 section, it is expected to rise above 25459.8.


Therefore, the main position is 'LONG'.

Therefore, if you enter the 'SHORT' position, I think it is advantageous to trade short.



(1h chart)
** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.

the important point is
21826.1,
22570.6,
23257.6,
23804.3,
25459.8

Thus, you can switch positions depending on whether you find support or resistance at this critical point.

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** 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 can be made through split trading. It is a short-term investment perspective.)

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Comment:

I think that the coins that you think will be able to get a big profit in the upcoming trending uptrend are the coins that the coin ecosystem is expanding.

Representative coins leading the coin ecosystem are as follows.
BTC,
ETH,
BNB,
XRP,
ADA,
SOL,
DOT,
TRX,
AVAX,
MATIC,
NEAR,
ATOM,
ALGO,
KLAY,
FTM,
WEMIX (not started yet)


The most important thing to invest in any coin (token) is how many coins (tokens) you have secured.

It is not yet known when the next trending bull market will start, but until then, you need to trade to increase the number of coins (tokens) you are investing in.


"Spot (medium and long-term investment) trading changes life, and futures (spot short-term, futures, margin) trading makes life richer." I think.

Comment:

(BTCUSDT 1D Chart)

As volume decreases, prices are falling.

If this movement continues, it is likely a pull back pattern.

If support is found at the 23312.42-23810.98 zone, I expect it to lead to an uptrend to break through the 25700.0 point.