Bitcoin bybit chart analysis August 1

Aug 1, 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.





This is a one-way short position strategy on the Bitcoin 30-minute chart.


Bitcoin is trending lower this morning.
The direction has been partially determined,
In line with NASDAQ 4 + 6 +12 MACD dead cross


Created a short position strategy.

I've been shaking it tediously for a while, but today I hope some direction will come out.


*In light blue finger movement path

Short -> Long Switching Strategy

1. Entry into short position at $28,928 / stop loss when orange resistance line is broken

2. $28134.5 long position switching range / stop loss when breaking the light blue support line


If the green support line is not broken in the middle

Today there is another possibility of sideways movement,
When the beat completely breaks through the red resistance line

It can be linked to an uptrend.


I would like to ask you to simply refer to and use my analysis so far.


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


thank you

Aug 1, 2023

Trade active

Because Nasdaq is going down first

You may miss your entry point.

Purple Finger $28865.5 chase Short Goes.
Stop loss when the orange resistance line is broken

The rest of the point of view is the same.

Aug 2, 2023

Trade closed: stop reached

Hello
it's a BitcoinGuide.

This is the movement after writing the analysis on August 1st.



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

After entering the light blue finger 15726.6 short,
Extremely sideways finish without breaking the purple support line.

A new peak is created today
After touching the green support line,
15707.4 Upper Gap section created.

And, it was a danger sign

4 + 6 +12 MACD dead cross engraving completed
The 1+4 pattern, which was a risk zone, is being restored.




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

After entering the short at $28865.5,
without breaking the green support line
Rising Wave Connection -> Breakthrough of the Orange Resistance Line

The strategy was short-lived.

I explained later
may be associated with an uptrend.

After breaking the red resistance line -> Top -> Good section
You have reached the Ilbong Central Line.

It's been a long time since I've been in the middle of a long time.

The reason for the jinban
If you look at the bottom, the lower tail touch area
This is because it is the Ilbongji + Mainbong Central Line section.

I expected a strong decline in the Nasdaq, but
It ended with an upturn

Bitcoin is affected to some extent
After touching the center line of the main bar chart,

Although it was short-lived,

Because it was a short -> long switching strategy
I think everyone did a good job in real time.




August has begun, and we are departing with Jinban.

Details will be summarized in the afternoon analysis article.


thank you