Bitcoin Analysis==>> Death Cross Happened

13 Ağu 2024

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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14 Ağu 2024

İşlem aktif

My position was activated based on the analysis.

14 Ağu 2024

İşlem kapandı: hedefe ulaştı

First Target Done

14 Ağu 2024

Not

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

15 Ağu 2024

İşlem kapandı: hedefe ulaştı

Second Target Done