Market Analysis of BTCUSDT on Monday 19 AUGUST 2024

2024-08-19 19:57Fonte:BtcDana

BTCUSDT  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations it is running in positive trend and stop loss is 53500 level . It can rise towards 74000 level  positionally . .Intraday purpose buying is better with stop loss 53500 level expecting intraday targets 58300 , 58500 and 55700 levels respectively .Strong support  area is 54000 to 57000 level . Wave 5 can take bitcoin towards 75000 dollar level from this major support .

QUICK FUNDAMENTAL LOOK

                                                                   

Something unusual is definitely on the cards for the Bitcoin (BTC). Experts from a leading crypto analysis agency have discovered that around 75% of Bitcoin has stagnated for the last six months. Glassnode’s Hodl Wave chart has given some severe revelations about Bitcoin hoarding.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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