Bitcoin starts in September under pressure after a literally closed in August – now all $ 100K eyes. Bitcoin Closed August for a disappointment of bulls. After making a new time all the time in the middle of August for more than $ 124,000, Bitcoin has placed in the red red floor on the wedding chart. This weekend of the last week is closed near the Lows, clearly switching to bears.
The MacD Oscillator confirmed the Berish Cross in the weekly closure, which should help keep up a constructive pressure entry into this week. The RSI is now sitting in a neutral position over 50 lines, but at the lower lower levels from the middle of April.
This is the first week of September it will see Bitcoin to the top of the test levels from the MY June prices. Bulls will search for the top volume of the volume around $ 104,000-105,000 to hold the price, and protect the candle for this week from the release of that Standard. The bears will try to push the price under this backup keys 1.618 Fibonacci Level from a 2022 bear market for $ 102,000. Close this week at a place set up to $ 102K or low may be very poor, as it will threaten to break free of the famous laser of $ 100,000 and test the last swing at $ 98,000.
Taking $ 100,000 to Downide will give a lot of weight to “top-time is in” Thesis. $ 96,000 basically the final line of defenses here by bulls when the price can slip to all those back level.
Therefore it enters this week, for consumers to try to get in and turn to the lower $ 105,000 items. The bulls will look at the right of the ship this week and to enter some form of candles to convert objects around objects. But yet, the bears are completely controlled and will consider continuing to sell pressure in September.
Terrinology guide:
Bull / Bullish: Consumers or investors await the price to the top.
Bear / Beave: Sellers or investors expect the price to go down.
Support or Standard of Support: The quality where the price should hold the property, at least at the beginning. A lot of touch with support, weaknesses finds and may be a failure to hold the price.
Resistance or Resistance Standard: The opposite of support. The level you may have refused the price, at least at the beginning. A lot of touch against, weak finds and may be a failure to hold the price.
Fibonacci restoration Prodemines: Ratings based on what you know is that the gold rate, the universe regarding growth and romantic cycles. The gold measure is based on the Conthantsi Pho (1.618) and which (0.618).
Oscillators: The technological indicators of time varies over time, but they generally live within band of levels. Therefore, they are wandering between the lowest level (generally represent the Oviersisold conditions) and higher rates (usually equal conditions). Eg the RIGHTA WATER SYTER AND THE MOST OF CONNERANCE-DIVERGENCE (MACD).
Shed Oscillator: Contents between Concergence-Divince is an oscillator pressure that emits the difference between 2 moving measurements to show the practice and pressure.
RSI OSCILLATOR: The Related power index is the receiving Oscillator traveling between 0 and 100. Measures the price of the price and changes at the speed of price movement. When the RSI is more than 70, it is considered full. When the RSI is less than 30, it is considered to be considered.
