Bitcoin (BTC) - August 14

13 août 2022

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(BTCUSDT 1D Chart)

Primary resistance: around 25K
Secondary resistance: 27K-29K

1st support: 23312.42-23810.98
2nd support: 22579.68-22753.10

If the price is maintained above the 22579.68-22753.10 range, it is expected to maintain an uptrend.


If support is found at or above the 23312.42-23810.98 zone, I would expect a break above 25K.


If it falls below the 22579.68-22753.10 section, it may turn into a downtrend, so you should think about countermeasures.

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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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14 août 2022

Note

(BTCUSDT 1D Chart)

The point 25047.56 was touched.

Therefore, it is necessary to see if it can lead to an attempt to rise above 25K and find support at or above the 23312.42-23810.98 section.

If it fails to rise above 25700.0, it could lead to a sharp drop, so be careful.

Therefore, when it rises above 25K, I think it is better to stop buying and start buying after confirming the support in the 27033.35-29812.52 section.


(1W chart)


The interval 27033.35-29812.52 is the interval that determines the trend.


Therefore, if it is supported and rises in the 27033.35-29812.52 section, it is expected to lead to an uptrend to rise to the primary resistance (38150.02) and secondary resistance (46487.52-49266.69).

However, for that to happen, funds must first flow into the coin market.