Bitcoin / TetherUS
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BTC August 10, 2024: Setting Up for a New Buy Point

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On August 10, 2024, BTCUSD is trading around $60,650 at the time of my writing, and I think we can use the setup as on the chart for a new buy point when BTCUSDT will cross up $62,800

The chart is in 4h timeframe. I have an additional reason for this buy point on daily chart, as you can see below, this is also the level around the MA-50/200 which are very closed to each other now.

Death cross? Maybe. But I think keeping the trading signal simple is more important. After all, we will close the trade if the price will move down these key MA. Therefore I don't think we need to worry much about death cross.

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Additionally, if later BTCUSDT will move up above the upper trendline in the following channel, it will present an even stronger buy point.

anlık görüntü

İşlem aktif
The buy stop order was triggered today.
İşlem kapandı: durdurma seviyesi
As the stop reached we closed out our position.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.