readCrypto

Bitcoin (BTC) - August 27 (1h)

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BITMEX:XBTUSD.P   Bitcoin
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After the time shown on the chart, you need to see if you are gaining support by rising above 11516.5 points.

I think it is a good idea to observe the movement until August 28.

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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.)
Comment:
(USDT Dominance 1D Chart)
At the uptrend line (3), point 2.9, we need to see if we can get resistance and fall.
If you rise above the uptrend line (3), you are likely to touch the downtrend line (4) or above the 3.115 point.
Around August 29 (August 28-30), you should check whether you are heading at 2.696 or 3.115.

(BTC Dominance 1D Chart)
It is located between the downtrend lines.
If it rises above 63.38 points, I think there is a possibility that the coin market as a whole is in a downward trend.
(If the BTC dominance falls, I think it means the price of altcoins increases.)
Comment:
(USDT Dominance 1h Chart)
(UTC) We have to see if we can get off the 2.863-2.969 segment after 15:00 (UTC) on August 27.

[Example of exchange chart setup]

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

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