Bitcoin Bybit chart analysis August 23

Aug 23

Hello

It's a Bitcoinguide.

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This is the Bitcoin 30-minute chart.

Tonight at 11 o'clock, there will be a Nasdaq index announcement.

The Nasdaq is the problem today.

Tether dominance is in a vertical decline,
and I created the most reasonable strategy possible.

The purple finger at the bottom left, $60,156.5,
is the same as the 3rd section where I entered the long position yesterday.

*Long position strategy when the red finger moves

1. $60,573 long position entry section / stop loss price when the sky blue support line is broken

2. $62,350 long position 1st target -> Good 2nd target

-The 1st section at the top is an upward sideways market,
and if this section is touched first, it can be connected to section 2.

-It seems safer to operate with a focus on long positions rather than short->long switching like yesterday.

-If it deviates from the bottom section today,
it may fall to the 3rd section at the very bottom during the weekend.

Please use my analysis article as a reference and only for the extent of use,

and I hope you operate safely with principle trading and stop loss prices.

Have a good weekend,
and I will come back from my vacation and see you in September.

Thank you always.

Sep 2

Trade closed: target reached

Hello
It's a Bitcoin Guide.
I will check the movement after writing the analysis article on August 23.



This is the Nasdaq 30-minute chart.
I marked the main sections with black fingers.

In the sky blue finger short->long switching strategy,

19729.8 at the top -> After touching the 1st section, short position entry was successful
After reversing the gap section at the bottom, it was finished.



On the 12-hour chart, after touching the support line alone,
It is moving sideways.

12 + daily, among the rising patterns,
It is moving sideways after bouncing alone while not touching the center line of the daily chart
The pattern is broken.

There is a MACD dead cross pressure on the daily chart, and

Since the candle is located above the center line on the weekly chart,

It is not a bad position for a long position.

I will explain the details in the analysis article.



This is a 30-minute Bitcoin chart.

The main sections are marked with black fingers.

In the red finger long position strategy,

After entering a long position at $60,573,

It strongly broke through the orange resistance line and the red resistance line.

The target price indicated at the top,
The Great section, $64,857, was reached.

The strategy is a take-profit process.

In the lower left,

In the 21-day strategy, after entering a long position at $59,006 in the purple finger section,

There was a maximum increase of about $6,000.

As I left a comment on the weekend,
It was deviated from the adjustment from the bright blue resistance line



If you look at the Bitcoin 4-hour chart,
Before the movement,
In the video on the 23rd,
I summarized the main sections.

Based on the bright blue resistance and support line convergence sections above and below,

The decline proceeded from the Great section of 64,857 dollars at the top
to 57,041.5 dollars at the bottom,
and the movement last week created a Gap section of 59,021 dollars at the top.

I thought it would go over 70K after the vacation,
but it went down.

I will try to explain the details in today's analysis article.

Thank you.