BAKKT Bitcoin (BTM1!) - September 3

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Today's gap is 11407.5-11425.0.

We need to make sure we can get support at 11375.0.

We must see if we can ascend to 11585.0-11625.0.

Around September 8th, you should check whether you are heading near 11055.0 or 12005.0.

If it falls below the uptrend line (1), I think trading is necessary to preserve profit and loss.


I think it is necessary to carefully check the BTC price flow around September 4 (September 3-5) as seen in the XBTUSD chart.

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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.)

GAP refers to the difference in prices that occurred when CME and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: closing price when closed
G2: The market price at the time of opening
Comment: (BTC Dominance 1W Chart)
If it rises above the downtrend line (1) and touches the 63.380 point, I think the coin market is likely to be in a downtrend.
You will find resistance at the downtrend line (2) and see if you can move down the trend line.
There is a gap between 60.0-60.56.
You should also check that you will be filling this gap.

BTC dominance does not mean the rise and fall of BTC price, but I think it is related to the rise and fall of altcoin price.
Therefore, I think it can be said that the decline in BTC dominance is a bull market for altcoins.
Comment: (BTM1! 1D chart)
Identify support and resistance points or sections.
Comment: BAKKT Bitcoin (BTM1!) - Sep 4
Today's gap is 10797.5-10380.0.
We have to see if we can climb above 10797.5 points to fill the gap.
We also have to see if it can rise above the 11055.5 point in order to rise above the uptrend line (1) and above the downtrend line (3).

You need to make sure you can get support at 10247.5.
If you drop at 10247.5, you need to see if you can get support in the previous gap, 9462.5-9920.0.
Comment: BAKKT Bitcoin (BTM1!) - Sep 5
When it opens on September 8th, it's time to see if it can start at 10622.5 points or higher. (It seems to be closed on September 7.)

You also need to make sure that you can fill the previous gap interval, 10797.5-10380.0.

We have to see if we can quickly ascend above the 11055.0 point.
Comment: BAKKT Exchange is closed on September 7.


upvoted. appreciate your effort!
nice post +
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