Bitcoin Cash (BCH) - July 12

١١ يوليو ٢٠٢١

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(BCHUSD 1W Chart)

If the price continues to rise above the 517.20-624.90 section, it is expected to create a new wave.

The 517.20 point and below are the bottom box section and there is a possibility of entering the mid- to long-term investment area, so careful trading is required.

However, if the price is maintained above the 332.38 point, it is likely to turn into an uptrend, so you should think about how to trade it.


(1D chart)
The section 486.28-599.87 is an important section that determines the direction.

If the price maintains the price above the 599.87 point, it is expected to revert to an upward trend and continue the upward trend.

If it falls in the 435.70-486.28 section, it is possible to enter the mid- to long-term investment area, so careful trading is required.

However, careful trading is required as it may touch near the 332.38 point and rise.

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(BCHBTC 1W chart)

It remains to be seen if they can create a new wave by holding the price above the 0.024438-0.034064 range.


(1D chart)

The 0.014655-0.016063 interval is an important interval that determines the direction.

If it falls in the 0.013651-0.014655 range, it is possible to enter the mid- to long-term investment area, so careful trading is required.

If the price is maintained above the 0.016063 point, it is expected to turn into an uptrend and continue the uptrend.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** 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.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(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.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)