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BAKKT Bitcoin (BTM1!) - August 27

ICEUS:BTM1!   BAKKT ® BITCOIN (USD) MONTHLY FUTURES
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Today's gap is 11610.0-11640.0.

We have to see if we can get support and climb in the 11585.0-11625.0 range.
Also, we need to see if we can climb above the 11770.0 point.

If it falls from the 11585.0 point, it is likely to move towards the 11055.0 point to fill the previous gap.

If it falls from the uptrend line (1), it is the Stop Loss 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.)

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: (BAKKT Bitcoin 1D Chart)

Today's gap is 11345.0-11387.5.

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

We'll see if it falls to fill the previous gaps between 11262.5-11420.0 and 11055.0-11302.5.

If it rises above the 11585.0 point, I think there is a possibility that further gains will occur if it is supported by the downtrend line (3).

If you don't get support at the downtrend line (3), you should make sure you're above the 11375.0 point around September 1.
Comment: BAKKT Bitcoin (BTM1!) - August 29
It only touched the 11585.0-11625.0 section, and was closed below the 11585.0 point.
Since it did not cross the downtrend line (3), it can be said that there are some uneasy elements.
When it opens on August 31, we need to make sure it can start at the 11585 point or higher.
Comment: BAKKT Bitcoin (BTM1!) - August 31

Today's gap is 11570.0-11812.5.

It crossed the uptrend line (2) and the downtrend line (3) at the same time.

At 11770.0, we need to see if we can gain support and rise at the uptrend line (2).

Comments

perfect perfect! let's see what we get now.
+1 Reply
readCrypto ProjectSyndicate
@ProjectSyndicate, Thanks for leaving a comment. Have a nice day. :)
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