Bitcoin Bybit chart analysis September 4

Updated
Hello

It's a Bitcoinguide.

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snapshot


This is the Bitcoin 30-minute chart.

There is a Nasdaq indicator announcement at 11 o'clock.

After coupling with Nasdaq, the candle's lower tail rebounded,
and it is moving sideways in an ambiguous position.

Based on the time zone wave, the 15-minute wave is in progress.

The 15-minute candle support line has been touched,
but the 15-minute candle resistance line has not been touched yet,
and the rising pattern has been applied to Tether Dominance.

In the case of Nasdaq and Bitcoin, it is falling strongly,
and there is no place to go short except for a vertical decline,
so I created today's strategy based on the possibility of shaking in both directions.

* When the blue finger moves,
it is a two-way neutral
long->short->long switching strategy.

1. 56,195.5 dollars long position entry section / When the purple support line is completely broken
or when the 2nd section is touched, the stop loss price

2. 57,444 dollars long position 1st target price -> Top 2nd target price

Depending on the strength of the rebound,
maintain the stop loss price adjustment to the Top or proceed with the short->long switching of the blue finger

The final target price is the Top section,
and when touched, I will connect the strategy after tomorrow.

The 1st section at the top is the first short position operation section of the 30-minute chart resistance line.
The 2nd section at the bottom is a place where a double bottom can occur,
but in the case of Tether dominance moving in the opposite direction of the beat,
the upward trend can be connected when the previous high is broken,
so I do not particularly recommend it.

There are a total of 2 support lines remaining from the Bottom at the bottom
to the long-term downtrend,
so please refer to it.

Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with principle trading and stop loss prices.

Thank you.
Trade closed: target reached
Hello
It's a Bitcoin Guide.
I will check the movement after writing the analysis article on September 4th.

snapshot

This is the Nasdaq 30-minute chart.
I marked the main section with a black finger.

In the blue finger short->long switching strategy,

After entering short at the top at 18907.6

After switching long at 18796.2 at the 11 o'clock indicator announcement,

It broke through the pink and orange resistance lines and reached the target price section 1 that I marked.

It was close to being in a dangerous position,

but it came out perfect.

It is continuing to move sideways in the dangerous section,
I will explain the details in the analysis article.

snapshot

This is the Bitcoin 30-minute chart.
I marked the main section with a black finger.

In the blue finger long->short->long switching strategy,
After entering long at the bottom at $56,196.5,
It reached the top section target price.

Cleanly achieved perfect.
Profit taking completed.

A double perfect was finally completed in Nasdaq and Bitcoin.

After reaching the target price in yesterday's strategy,

The final long position switching point is the $57,077.5 section at the bottom right.

The purple support line is being damaged as it breaks,
I hope those who entered the long position will hold the stop loss price and operate well.

Now that I look at it, it seems okay for me to maintain the long position,
I guess Nasdaq is the most important?
I'll explain the details together in the quick analysis article.

Thank you.
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