Bitcoin bybit chart analysis August 10

Aug 10, 2023

Hello

It's a Bitcoinguide.

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If my analysis is helpful,

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





Bitcoin 30 minute chart.

On the eve of the announcement of an obviously important indicator,
It's really hard to keep the position haha

Yesterday, the rung position is still operating.
I messed up once while analyzing.

First of all, today, the overall possibility of sideways seems very high.


Those who are holding the $29420 long will break the purple support line
It can be associated with a downtrend.

I think it would be a good idea to start with a stop loss at the left anterior trough.


Like the wave today
There is little movement and the Nasdaq is in a similar situation.
At present, there are more than 9 branching points in total.

I share one strategy among them, so please refer to it.


Analysis is difficult, but those who actually trade
Depending on the situation, it is convenient to wait long or short in the next position.
Yesterday, I did my best to save my long position. haha



In each long/short position

Please refer to the support resistance line

I hope the operation goes well.




*In arrow movement path

This is a short -> long switching neutral strategy.

1. Entry into short position at $29886 / Stop loss when the red resistance line is broken

2. $29151.5 long position switching period / stop loss when breaking the green support line


If it falls all at once due to a downward wave
Please pay attention to the light blue finger section at the bottom.

My analysis is for reference only.

6 principles of trading, stop loss is essential, so please operate safely.


thank you

Aug 10, 2023

Trade active

The movement is coming out well according to the strategy.

After the short, the long switching seat was changed.


thank you

Aug 10, 2023

Trade active

Aug 11, 2023

Order cancelled

Hello
it's a BitcoinGuide.

After writing the analysis on August 10th, I will check the contents of the review.



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

Arrow movement path 15185.9 After long entry
I couldn't go up to the desired section of 15442.6 points short switching

4-hour chart from the center line, straight down
We have reached the danger zone of the light blue support line.



This is the movement after writing the Bitcoin analysis article.
The major sections were marked with a black finger.

$29886 short position waiting strategy
Failing to break through the pink resistance line
After the break from the purple support line -> Extreme sideways finish

The strategy was canceled.

Perfect could have been
As it was coupled with Nasdaq, it was finished without any movement.

indicated,
It doesn't even go down to the blue support line at the bottom
I'm crossing.

These days, even if the CPI indicator comes out,
It fluctuates around 400 bucks per day.


August 9, from $29420
Because long position holding period can be closed manually

Today, I will start anew without maintaining my position.


thank you