BTCUSD Bybit Chart Analysis August 5

Aug 5, 2022

Hello.

“Make it simple, make profit”
It’s BitcoinGuide.

Don’t forget to
“Follow” me and press “Likes”.

If you "follow" press,

Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 5.





I will check the movement after writing the analysis on August 4th.

Bitcoin movement since the last comment.
I marked the main sections with black fingers.

Daily chart MACD dead cross in progress
The match was within the purple resistance/green support line.

$23105.5 in short -> long switching strategy
In the end, the green support line breaks out -> touches the daily center line
From a long position standpoint, I made the worst choice.

Yesterday after the breakout of the purple support line and the stop loss -> until the breakout of the green support line
The strategy has completely failed.

Those who are entering a short position
With the stop loss correction, I hope the operation goes well.


Failed to break through the purple resistance line indicated,
Even the sky blue finger section is not touched
Downward finish.

In the mid-term trend, the pattern is broken.
Daily chart MACD dead cross is in progress.

I feel like my head is going to hurt from today,
I'll take a look at it in its entirety and see you in the analysis article.







4 hour chart

As explained in the morning,

Because the rebound is strong
Is the daily chart MACD dead cross released?
This is why the chart analyst seems to be experiencing hair loss.

Approximate top price and bottom price left.

around the purple support line
Check the red up/light blue down movement path
Possibility of vertical rise of Nasdaq + check major sections

I made today's trading strategy.








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

To be precise, it is a long -> short -> long switching strategy.

The main main section is short.
No, there must be a justification for a short position, and you have to create and hold an entry position.

to drop unconditionally
Are you all wrong with what I'm talking about?



For today's daily chart MACD dead cross to be ignored
Because it needs to completely break the red resistance line.

It's practically impossible.

It is important to know where to take the short position.

According to the Nasdaq variable, if it immediately falls according to the wave
Check the blue finger movement path


The basis for the strategy is likely to be the possibility of creating a full bitcoin candle / Nasdaq vertical rise.



* When the arrow moves

Chase Long -> Short -> Long Switching Strategy

1. Long position chasing $23117.5, stop loss when breaking the pink parallel line support line

2. Gap retracement section short / Stop loss when the red resistance line is broken

3. $22814.5 long position switching / Stop loss when the purple support line breaks


I'm explaining not to follow my analysis.



Because I go ahead with the strategy before there is a move.

in a big trend
Investors themselves refer to parallel lines or major sections
Must be run in real time

As you have been watching all week
Daily chart MACD dead cross is not a negligible signal.
Eventually you will have to solve it.

The chances are remarkably low
When the red resistance line is broken, the daily deck can be ignored.
Please note.



Don't forget to buy in principle / stop loss is essential

Please operate safely in each position.


Have a good weekend

thank you.

Aug 5, 2022

Trade active

Hello.

There was a problem in the middle, so it was hidden
Fortunately, it worked out well.

thank you
I will leave the final conclusion briefly and enter.



before the movement
This is the final Nasdaq.
Light Blue Finger Chase Short -> Long Switching Strategy



This is the final Bitcoin finish.
The Nasdaq move was substituted,
Similarly, it is a short -> long switching strategy.



Since then, the Nasdaq is the current situation.
Some movements are the same
6 hour chart MACD dead cross, 12 hour chart dead cross
Be careful as it can be connected in series.

So far, the 1 + 4 pattern remains safe.



Bitcoin coupled with Nasdaq
There is movement.

If you do not touch the resistance line for 4 hours
I can drop it down to the sky blue finger zone
Pay attention to the long position switching section on the right.

I would like to explain in more detail

I've been through so many hard times all day
I think this is my limit

Good luck with the rest of your time
You've worked hard this week.

Hope you have a relaxing weekend.

thank you

Aug 7, 2022

Trade closed: target reached

Hello

It's a Bitcoin guide.

We will check the movement after writing the analysis on August 5th.



This is the move since the last comment on Nasdaq.
I marked the main sections with black fingers.

Chase Short -> Long Switching Strategy

*13306.2 point short / 211.6 point profit section
*13097.4 point long switching / 198.4 point profit section

Lack of strength in the last rebound
While touching the center line for 6 hours in a 1+4 pattern,
The rising pattern is broken.

6 hour chart MACD dead cross -> 12 hour chart MACD dead cross
It's in progress, but I guess we'll have to wait and see how it will operate.



Before the movement, it is the movement after the final Bitcoin comment.
I marked the main sections with black fingers.

Following the Nasdaq movement,
There were fewer waves than expected.

From the left, as the arrow moves

* $23117.5 pursuit long position / $305.5 profit section
* $23412 short position switching / $549.5 profit section
* $22864.5 long position switching / $481 profit section

Round-trip, up to $1336 profit section.

It's been a boring chapter since the sidewalks have been long lately.

Fortunately, on Friday, the perfect strategy succeeded,
I don't know if everyone is doing well.


In the state that the upper gap reversal has not come out yet
A new gap section of $23177.5 occurred.

According to today's Nasdaq move,
Let's see how the direction turns out.


thank you