Bitcoin Analysis==>> Death Cross Happened

2024年8月13日

Bitcoin is moving near the Resistance zone($63,000-$61,450) and the upper line of the Ascending Channel.

Finally, the Death Cross Sell Signal was seen yesterday.

Death Cross Signal: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day, crosses below its long-term moving average, usually the 200-day.

Also, we can see the Regular Divergence(RD-) between Price and Volume.

I expect that Bitcoin will NOT be able to break the Resistance zone($63,000-$61,450) in this attack and at least fall to the lower line of the ascending channel and the Support zone($58,500-$57,140).

Note: If the Resistance zone($63,000-$61,450) is broken, Bitcoin can rise to $65,000.

Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.

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2024年8月14日

交易進行

My position was activated based on the analysis.

2024年8月14日

交易結束：目標達成

First Target Done

2024年8月14日

註釋

BTC was able to break the lower line of ascending channel.

2024年8月15日

交易結束：目標達成

Second Target Done