readCrypto

Bitcoin (BTC) - Aug 29 (1h)

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
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You must see if you can climb above the 11516.5 point to gain support.

If it falls, we have to see if we can get support from the downtrend line.
If you don't get inside the downtrend line, I think there's a chance to re-challenge at 11516.5.

Over the weekend, it's time to see whether it will break between the 11516.5-16000.0 and 11108.5-11280.0 segments.

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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 1h Chart)
(UTC) You need to see if it may have fallen below the 2.863 point after the time shown on the chart.
If you fall below the 2.863 point and get resistance, there is a chance that it will fall below the 2.696 point.
If you get support at 2.863 and move up, you are likely to touch the downtrend line (4) or at 3.115.
Comment:
(USDT Dominance 1h Chart)
(UTC) We need to see if we can get below the 2.863 point.

[Example of exchange chart setup]

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

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