August 3th BTCUSD Bybit Bitcoin Chart Analysis

Aug 3, 2020

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 3th .







This is the 30-minute chart I left last week.

After the upward trend,
At the top peak,
There was a significant drop to the bottom " touch line" .


On a Sky blue parallel line basis,

Sky blue resistance line -> support line movement,

checked it,
Until the touch line, there was a strong drop.


Usually, when the chart movement is unknown
Parallel lines are very helpful.

Please refer to it.




Congratulations to those who made a profit.








This is a Weekendly candle.

Today a new weekendly candle, daily candle was created.


Since the listing of Bitcoin Futures,
Weekend movements are not very important.

The bitcoin futures market is important.


The red danger section
Newly created today,
Weekendly candle, daily candle bottom section,

And , The gap that occurred on the weekend was marked.


Focusing on this part, I brought a trading strategy.







30-minute chart, one-way long position strategy.

Based on the green parallel line,
I brought a Trading strategy.


Blue movement path / long position entry section, entry timing check.

The long position target is a red resistance line.

If you can't break through,
In the purple finger section, entry short postion .

On condition that they do not deviate from the green support line,
Long position switching.


When falling vertically, pay attention to the red finger at the bottom,


In the blue path,

Note to " Bitcoin SV",


At the time of departure, at the red finger timing
You can also operate with other altcoins.


Good luck.


Thank you.