Bitcoin bybit chart analysis August 9

Aug 9, 2023

Hello

It's a Bitcoinguide.

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You can receive comment notifications on real-time travel routes and major sections.

If my analysis is helpful,

I would like one booster button at the bottom, please.




Bitcoin 30 minute chart.
It is a one-way long position strategy.

There are no significant indicator announcements,

Because yesterday there was a trend
Prepared in moderately upward or extreme horizontal direction.


*In arrow movement path

One-way long position strategy

1. Entry into long position at $29,420 / stop loss when breaking the light blue support line

2. $29976.5 1st target -> Good 2nd target


In the case of an immediate rise from the current position without breaking away from the purple support line
It is open to the top section.

$29857.5 For those who are holding shorts in the morning
You can keep your stop loss when it breaks through the orange resistance line.


My analysis so far is for reference only.


I hope you operate safely with the 6 principles of trading / stop loss.


thank you

Aug 10, 2023

Trade active

Hello
it' a BitcoinGuide.

I will check the movement after writing the analysis on August 9th.



This is the NASDAQ 30-minute chart.
The major sections were marked with a black finger.

The rebound from the support line on the daily chart
It seems to have less power than expected.

marked
Leaving the purple danger zone,

As it is, in the Lightning-> Bottom section
I made a double bottom, but it also seems that the rebound is not good.

What variables will come out with today's CPI announcement?
It seems important.




Bitcoin 30 minute chart.
The major sections were marked with a black finger.

August 8, left light blue finger area
Maintaining a short position at $29857.5

Failing to break through the orange resistance line
After reaching the green support line of 29420 dollars, the marked end

You entered additional shorts according to the strategy, or
The conditions for maintaining the short position have been exploited.
The rebound is not good in long switching.


The strategy worked to some extent.
Because there is no movement while sideway move, active processing was carried out.


Yesterday before the movement came out in real time
I tried a long position strategy in the purple finger section, but

As the Nasdaq is coupled with a strong decline
Because the shape of the support line was not good at the entry point


As with the previous strategy,
Arrow path I took a position at $29420.

Instead, at the light blue support line
with a green support line,

We will operate with the condition of maintaining a long position of 29420 dollars.


Tonight at 9:30 we have a CPI announcement.

I think it will take longer to analyze than other times.

Even if it's a little late, prepare well
I will try to make a profit today.


For those of you who switched long after a while
We leave the main drafting tool

See you in the Today analysis.


thank you

Aug 10, 2023

Trade active

Real-time first aid.

Yesterday, the arrow long position entry section remains at 29420 dollars.

We left the main line of support behind.

I'll see you in the evening.


thank you