Bitcoin Bybit chart analysis August 22

Aug 22

Hello

It's a Bitcoinguide.

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Here is the Bitcoin 30-minute chart.

Soon at 9:30 and 11:00, the Nasdaq indicators will be released.
If it weren't for Nasdaq today, the analysis would have been easy,
but it's not easy as expected.

I think there are many people who are maintaining long positions.
At the bottom, the long position entry section that I took yesterday
I connected the purple finger at 59,006 dollars.

*When the red finger moves,
it is a one-way long position strategy.

(Depending on the strategy, the purple parallel line, green parallel line
drawing section has changed slightly.)

1. 60,547.5 dollars long position entry section / When the green support line is broken
or when the bottom is touched, the stop loss price (the range is not large and the argument is minimized)

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

It's a similar situation to yesterday. At the top, if the 1st section touches or breaks through the all-time high, wait long at 2nd
If it comes down immediately from the current position, 60.5K or 3rd section
is a long position waiting strategy.

I operated it tightly and safely because I could miss the entry point.

If you look at the 1st target section,
I marked a wave.
The finger at the top is 62.3K / at the bottom is 61.5K

Only confident people should operate a short position,
and for beginners, long liquidation -> long waiting seems advantageous,
and if the purple support line breaks away, you can see it as a stop loss price, right?

The 3rd section is a sideways market,
and it is not good if it breaks away from this section.

It would be easiest to just input long and short stop loss prices,
but it seems more difficult to explain.

Up to this point, please just refer to and use my analysis,

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

Thank you.

Aug 23

Trade closed manually

Hello
It's a Bitcoin Guide.

I will check the movement after writing the analysis article on August 22.



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

In the red finger long position strategy,
the 1st section at the top is touched and a vertical decline occurs.
If the 19766 ->Bottom ->3 section indicated at the bottom is broken,
it is slightly rebounding from the 19498.6 support section of the true blue support line.

The reason why the movement yesterday was absurd is

There should be a minimum rebound or support at 1+4,
but if you look at the 4-hour Bollinger Band chart,
the center line and the support line were pushed away at once with one candle.

Yesterday, it was in an uptrend, and regarding the downtrend,

I checked the chart in detail,

After touching the resistance line of the Bollinger Band 6-hour chart, a sharp drop occurred.

Based on the daily chart, it touched the all-time high on the left,

and there was a playful movement.

As for the short-term pattern,

it touched the resistance line of the Bollinger Band 3-hour chart, the support line of the 3-hour chart

and the 4+6 pattern was pushed and is recovering,

and there is pressure from the MACD dead cross on the 12-hour chart.

The difficulty level was raised significantly with yesterday's movement,

so I'll have a hard time today, haha.

I'll explain the details together in the analysis article.



This is the Bitcoin 30-minute chart.

I marked the main sections with black fingers.

The 21st long position entry section on the lower left
After entering the long position at 59,006 dollars with the purple finger

I connected yesterday's strategy.

In the red finger long position strategy,
The long entry price was 60,546.5 dollars -> It was pushed down to the 3rd section 60,156.5 dollars,
and then it is rebounding to the pink resistance line section.

It is rising to just under 1,200 dollars.

Fortunately, it held up well against the Nasdaq crash

and is currently breaking through the pink resistance line
As I explained in yesterday's comment, it touched the 3rd section
and finished in an upward sideways movement
So I will manually liquidate it.

Also, I tried to enter long in the 3rd section using a technical trading technique at dawn

and fortunately it is rebounding

I will explain the details together in today's new analysis article

Thank you.