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    Home»Bitcoin Analysis»Bitcoin (BTC) – July 30
    Bitcoin (BTC) - July 30
    Bitcoin Analysis

    Bitcoin (BTC) – July 30

    July 29, 2022No Comments3 Mins Read
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    Welcome, traders.

    By “following”, you can always get new information quickly.
    Please also click “Like”.
    Have a good day.

    ————————————-

    ( BTCUSDTPERP 1D Chart)


    snapshot

    After breaking above the 60 SMA line, there has been no confirmation of support yet.

    So, you need to make sure you keep the price above 22751.0.

    To determine a position, you must first check whether the 1D chart is up or down.

    Otherwise, there is a possibility that the entry will be in the opposite direction.

    – In order to enter the ‘Long’ position, it is advantageous to enter when it is oversold,

    – To enter the ‘Short’ position, it is advantageous to enter the overbought period.

    In the Long/Short-S indicator, the oversold and overbought sections of the RSI are expressed as a background color.

    In the CCI-C indicator, when the short-term CCI line is below -100 and above +100, oversold and overbought sections are expressed as background colors.

    ( 1h chart)


    snapshot

    ** On the 1h chart, a sharp move is likely to occur, so a short-term response is recommended.

    You need to make sure it is supported in the section 23437.6-23772.9.

    – If the HA-High indicator creates a long horizontal line, it is more likely to decline,

    – If the HA-Low indicator creates a long horizontal line, it is more likely to rise.

    Therefore, the current state is more likely to rise.

    However, it is expected that it will lead to further upside only when support is confirmed above 23955.5.

    Otherwise, we expect volatility to occur when the 60 SMA line rises and crosses.

    ———————————————————— ——————————————-

    ** All indicators are lagging indicators.
    Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
    However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
    ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
    ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
    ** Support or resistance is based on the closing price of the 1D chart.
    ** All descriptions are for reference only and do not guarantee a profit or loss in investment.

    (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.)

    ———————————

    This article was originally published by Tradingview.com. Read the original article here.
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