BTCUSD Bybit Chart Analysis August 31

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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 31.

Bitcoin 4 hour chart.

The evening trend followed the Nasdaq and plunged for no reason.
After yesterday's double touch,
In the morning, beat rebounded to somehow survive alone

Ignoring charts, patterns and waves
They are giving and receiving each other in a narrow range of fluctuations.

It is a movement to see if chart analysis has any meaning.

It is currently undergoing a V-shaped rebound.
Touching the red resistance wire
All patterns that were broken yesterday are restored.

Today's approximate top price and bottom price are displayed

I want to put the bottom near the green support line, but
Due to the whims of the Nasdaq, I proceeded to the bottom with room.

Check the red upward / sky blue downward movement path centered on the purple support line

I made today's trading strategy.

Arrow movement path, one-way long position strategy.

Non-fat short according to Nasdaq / Long non-fat in the morning

Now, all movements can come out.
This is the place with the most junctions.
I thought the analysis would take all day, so I decided to win.

There are no indicators to be announced today, so don't worry about bad news/collapse.
Nasdaq is also rebounding.

We focused on vertical rise with a probability of about 5%.

It is a strategy that ignores sideways or vertical declines.
Please refer to the main support lines.

* When the arrow moves

Long -> Short -> Long -> Short -> Long Switching Strategy

You can operate the switch in the middle by yourself.

I started with a long position chasing $20361.5.
If it breaks the purple support line,
Note the green support line.
At the bottom, we boldly raised the price to the bottom.

1. 20361.5 USD long position entry price / Stop loss price when the purple support line is broken
2. $20782.5 short position switching / Stop loss when breaking through the sky blue resistance line
3. 20449 long position switching / Stop loss when the purple support line is broken
4. $21178.5 long position target and target section

The last short position operation section is operated autonomously.

If today's strategy is successful

On spot exchanges, good moves can come from major altcoins.


My analysis is for reference only.

In principle, stop-loss is essential, I hope that you operate safely.


thank you.

Trade active:

The purple support line is being damaged while moving sideways.

In the case of sideways trading, it is difficult to determine whether to break through or break out.
You have to proceed with a new drawing.

Those who are holding a long position
You can watch it based on the purple parallel line support line that was newly constructed at the top.

thank you

Trade active:

Bitcoin movement since the last comment.
I marked the main sections with black fingers.

30 minute chart, within resistance and support
Round-trip $617, pole sideways have been completed.

In the case of walking sideways like now
It is ambiguous to determine the stop loss and profit loss.

There was no touch of the ball van 1 hour support line.
Because I did not deviate from the main section while walking sideways
The strategy will be active.

It seems important to judge individually and operate in real time.

Nasdaq continues to drop
Now it seems that Bitcoin is also ignoring it.
Bitcoin alone rose in the morning, followed by Nasdaq in the afternoon.

Put the last support line at the bottom,
The boring movement continues.

Let's look at it as a whole.

See you later in the analysis article.

thank you