Market Analysis for August 9


$BTC is in a weak oscillation with key support at 115500.
$ETH is strengthening, indicating a divergence in capital. The view on Ethereum is that this position is a major fourth wave correction. After the pullback is completed, breaking above 4000 is inevitable. Additionally, currently starting from 1380, it is running in the fifth wave on the 4-hour chart. Using the third wave to measure the fifth wave, the target area is around 4800-4900. This is just a prediction.
Looking at the 15-minute, 30-minute, and 1-hour charts, the price has been running above the 60-period moving average. My trading system goes long on a golden cross in the 5-minute chart, and I hold as long as the 15-minute chart does not break below the 60. Every time it reaches the 60 moving average is a position to add to my holdings! Additionally, currently, in the 4-hour chart, the third wave of the fifth wave is an extended wave! Do not short easily!
Long opportunities are to be taken near the 30-minute and 1-hour 60 moving average on pullbacks! Only consider after the fifth wave structure of the 4-hour chart is completed and there is a clear exhaustion divergence on the 1-hour chart!!! #BTC
BTC-1.29%
ETH-2.67%
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TrendBreaker_BigFishBvip
· 08-11 16:17
You are really lively.
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RaisingFundsToBuyAMercedesvip
· 08-10 03:07
Look who it is, oh wuwuwuwu, another day, wuwuwu, uh uh, oh oh oh oh.
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QueenOfHeartsvip
· 08-10 00:03
Just go for it 💪
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Moroccovip
· 08-09 17:16
66666
Reply0
GateUser-337c3a4cvip
· 08-09 13:08
Hold on tight, we are about to To da moon 🛫
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GateUser-3ef79f61vip
· 08-09 11:52
Just go for it💪
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GateUser-6e1328d4vip
· 08-09 08:56
6666677666
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Rambler1vip
· 08-09 08:30
PANews, August 9th news, Glassnode tweeted an analysis indicating that in the past few days, the number of first-time buyers and Momentum Buyers of ETH has significantly increased, suggesting that new demand is entering the market, while existing holders are also willing to increase their cost basis and re-engage.
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GateUser-3c13404fvip
· 08-09 07:15
Is it more or empty?
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ContractStrategyGuyvip
· 08-09 07:15
Awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome awesome
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