Bitcoin bybit chart analysis August 17

Aug 17, 2023

Hello

It's a Bitcoinguide.

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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 short position strategy.

All focus was on NASDAQ.

In the case of the beat, it is the second single bar support + the main bar center line touch.
It's a pointless place

In the case of Nasdaq, it is a situation that needs to be lowered once more.
(Full purchase perspective left for the recent mid-term market situation)

In the case of a beat, a vertical drop is required to succeed in the strategy,

Instead, there is a possibility of sideways
Focus on your strategy today.


*At the time of the light blue finger movement path

short position strategy

1. $28706.5 entry into short position / stop loss when orange resistance line is broken

2. $27,828 long position switching / stop loss when breaking the light blue support line

If you take a spot on the Nasdaq today
27828 USD switching positions in Bitcoin
Please note that it may be a low point that can rise again.


If the rebound from the current position breaks through section 1
Please note that there may be extreme cross protection up to the green support line.

If the trend doesn't die well
Below the green support line near the previous low
It can be rolled up suddenly in the form of a double bottom

Profitability and stop loss must be operated as a necessity.


So far, my analysis is simply for reference and use.

I hope you operate safely with 6 principles of trading + stop loss.


thank you

Aug 17, 2023

Trade active

Because of the high probability of sideways

The downtrend line is currently intertwined with the candlestick.
Guided to the Bottom while touching the double bottom

A place where you can play around with the lower tail rebound
I have attached the drawing tool and left it in detail.


shown below,
$28134.5 -> $27976 -> Bottom seat

I hope you operate well according to the real-time situation.


thank you

Aug 18, 2023

Order cancelled

Hello
it's a BitcoinGuide.

After writing the analysis on August 17, I will leave a review.



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

light blue finger path

In the long->short switching section

Do not touch the short section,
End of downhill drop

As I explained, the expected price still needs to go down further.






Bitcoin 30 minute chart.
The downward wave came out stronger than expected, so the captured
I prepared it in 2 pieces.

The main sections are marked in black.

The strategy was a vertical drop.
It came down much stronger.

Light blue finger $28706.5 short position entry section without touch
vertical drop

The strategy was canceled.

I missed the profit section two days in a row.
I will reflect.


after that
As indicated, support line 27828 dollars -> 26881 dollars -> until the last 26010 dollars

From the previously constructed section to the lower tail
It is sideways after a big breakaway.

In my experience, in the case of a Bitcoin investment competition like now
In the short position, the movement like now came out often.
(mostly short position users)

Because it has been explained many times
omit it.

I hope everyone will operate well without loss in the big move.

And, since the recent participation rate is low, without sharing the drawing tools
See you in the evening analysis.


thank you