Bitcoin bybit chart analysis July 21

Jul 21, 2023

Hello

It's a Bitcoinguide.

If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.

If my analysis is helpful,

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





Bitcoin 30 minute chart.

It is a one-way long position strategy.

No Nasdaq indicators announced,
The signal is trending upward, no matter how much I look for it, there is no place to eat short.
Regarding the section that was forced down yesterday, I organized it to the extent of rebounding to the right.

Nasdaq also touched upwards first
Depending on the situation, there is no strong decline
I don't think there will be a big problem today even if it only comes out sideways.

Even in the case of tether dominance
Because there is no resistance wire touch for 4 hours or 6 hours yet

The possibility of sideways movement is high, but I bet on a long position.



*At the red arrow path

long position strategy

1. $297981.5 entry into long position / stop loss when breaking the green support line

2. $30275.5 long position target -> 2nd target of the top section

During the weekend, the final target from $ 30676.5 to the Great section in the upper right corner


If from the current location
Or if it fails to break through the pink -> orange resistance line

The light blue finger section at the bottom -> It can go down to the Bottom.

I've done a lot of things this week
I guess I was too careless.

I'm organizing it one by one, so I'll show you how to focus again from next week.

So far ,
My analysis is for reference only.




You worked hard this week too.


thank you


#At the bottom, I will share the principles of trading.



6 Principles of Trading


1. Prohibition of chase trading (absolute prohibition of market liquidation -> correction of stop loss)

2. Volvan timed support buy long,
30-minute chart -> 1-hour chart -> 4-hour chart Until the resistance line is touched
Short position operating section for each section.

3. Pre-order trading only (buy long position only), short position according to the flow

4. Designate stop loss in any case (trend from initial stop loss to correction)

5. In a total of 2 trading plans per day
If the stop loss or loss is repeated twice, place a reserve trade in the final entry section and exit

6. 🍶 Drinking and selling 🍻 Absolutely prohibited~!!!

Jul 24, 2023

Trade closed: target reached

Hello
it's a BitcoinGuide.

I will check the movement after writing the analysis on July 21st.





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

without any movement
in the direction of the arrow
The orange resistance line -> the green support line has been completed.



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

Arrow movement path After entering the long position of $29789.5,
After breaking the orange resistance line
After the green support line was damaged as the sidewalk became longer,

Reached the $30275.5 target price shown above

The strategy worked out.

A gap of 29868 dollars was created over the weekend,
Revert came out in the morning.

The boring sidewalk continues to get longer.

This week, on the 27th, the US interest rate was announced.
In the case of the beat, there seems to be pressure from the MACD dead cross on the weekly chart.




This is a 30-minute chart of Tether Dominance.

Even if te,
It touched the 6-hour resistance line over the weekend, but
Bitcoin also touched the 6-hour resistance line.

Currently, the 12-hour chart resistance line,
It went up to a further uptrend.



I'll take a look at the details and see you in an analysis post a little later.


thank you

Jul 24, 2023

Trade active

As indicated, the Bottom touches the deep blue support line at $29039.5.

It was supported by the 12-hour Bollinger Band support line.
(Today's best long position entry section)

It would be nice to see how the movement will come out.

I'll see you in the analysis later for more details.

thank you