Technical analysis by damngoodmoney about Symbol BTC: Buy recommendation (8/6/2024)

Bitcoin is likely to build a September high.Let's identify the broadening wedge and trade the range.It is expected that there will be a slow increase until the Democratic National Convention in August, and then a large additional increase will occur with Yellen as the trigger.I think checking the cme gap will help manage section fear.It's a great uptrend. I think it will help your profits if you prepare for further uptrend even if there is a slight correction.A strong downward correction has occurred. This correction is identified as B of the rising ABC and we plan to confirm additional C upward movement.The judgment is the same. We plan to identify the rising impulse.I plan to maintain the same judgment and watch the "Democratic National Convention in the United States."The adjustment range is stronger than expected. However, we plan to accumulate long positions while maintaining an upward judgment until the event being claimed.The event we were talking about is approaching. We are fixing our judgment on the rise.After securing liquidity, an upward trend is occurring. Although the resistance point has been touched, I plan to trade with the judgment that there will be further increase even if a slight adjustment occurs.It's a good flow. It's being resisted at the price range where it should be resisted.I think the rise will continue after the adjustment.The rise has already begun, and a continued rise is expected.The current market is showing an upward trend and continuing a good flow. Accordingly, it is judged that no special advice is needed in this section, so we plan to take a break and suspend updates for a while until new advice is needed.This chapter is a chapter with a reduced number of transactions, but satisfactory profits were generated.I hope all followers will continue to trade successfully and achieve satisfactory results, and I would like to end by expressing my gratitude for your continued interest.