Attached is the 4-hour chart of BTC against USD at a focal price of $24,129 (own elaboration in Tradingview). What we want to rescue today is the accuracy with which one of our bots gives a buy signal in respect of the 200-period moving average and the time trend change in the Parabolic Sar. We see how it also executes the timely purchase of 15 BTC ($315,000), given the power of the signal, which in 4 hours accumulates a gain of $12,606 (4%). At the time of this commentary, the relative strength index touches the 70% level (4-hour optimum), to give positive indications that August is approaching this ground. We will keep you updated on further developments.
Chart – BTC Projection (08-08-2022)