Weekly Newsletter - 11.08.2022 00:00
August 10th Chapter 1
1- Bitcoin 1 Month View
Monthly graphical movements provide us with results where we can get health care in big time periods and get better approval for investment in medium long term periods. Now, we are in August and you can see that the price is stuck between two points with the new candle.
1- The price will want to activate a decision mechanism between 28600 and 19700. 2- The price that goes above 28,600 will bring about the start of positivity for the markets, but let's not forget that the FED is still imposing fear on the markets. 3- We can tell you that the sales will be much heavier and tougher
as the price remains below 19.700.
2-Bitcoin 3-Days
The Green box that we talked about in the past weeks is still valid. The uncertainty caused by the horizontal movements in the global markets in the crypto money markets persists.
**So what are the most important information we need to know in the 3-day chart?
1- If the price stays below the Green box, we can argue that the market will be subject to a serious selling pressure.
2 - It's still not right to say something positive for the price. Why? 2-1 The main region that will push the price into a positive reaction will be the yellow dashed line. 3- Remember, we are talking about a 3-day chart, it gives you a broad perspective and contributes you to read the big picture.
3- Bitcoin 6-Hours View
https://www.tradingview.com/x/J5JYGJya/
For the 6-hour period of time that we have to consider for the structure of RANGE in this chart, what are the most important issues?
1 - We can say that by next Tuesday the hard action is coming up on the BITCOIN side. In other words, the price is getting really tight!
2- Have indicated the confirmation zones in the chart above after the price's breakdown, and it would be best for you to determine your risks accordingly.
4- Bitcoin Dominance
https://www.tradingview.com/x/sOQjyDrB/
As we discussed last week, the price was drawn back to the area we were expecting, (in other words; the area marked on the graph) while the lower parities presented their bonuses and their rise to the mass of the trade. So, it's time to start being careful.
1 - When a bitcoin dominance support breakdown occurs, it is important to note that the BTC transaction is the key. If this movement starts with the fall of BTC, you should definitely reduce your trading risk dimensions in the lower parities.. Otherwise, you could suffer severe damages.
