Bitcoin bybit chart analysis August 16

BitCoinGuide Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract

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's a one-way neutral strategy.

9:30 at Nasdaq -> 3:00 am There is an indicator announcement

Today's Bitcoin daily chart MACD dead cross was ignored.

*In arrow movement path

Long -> Short Switching Strategy

1. $29149.5 entry into long position / stop loss when breaking the green support line

2. $29481 long position 1st target -> Top section 2nd target
Depending on the situation, the short position switching section

As a basis for the strategy, there is no place to eat with short
When operating a long position rather than short from the current position
This is because of its high cost performance.

As such, the possibility of sideways movement is very high today.

Since the daily chart MACD dead cross is a strong signal

In the case of an immediate drop from the current position (during a downward wave of the 30-minute resistance line)
Note the lightning or bottom section at the bottom
Be careful as the lightning section 28930.5 may have a lower tail rebound.

Because the orange section 1 is a short position operating section
In case of failure to break through
You can reach the green support line and light blue support line at the bottom.

As explained this week

Even if there is a stop loss, we will proceed with an aggressive strategy from now on.

My analysis has a very low probability of success.

I hope you will operate safely with principle trading / stop loss required.

thank you
Trade closed: stop reached:
it's a BitcoinGuide.

I will check the movement after writing the analysis on August 16th.

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

There was an indicator announcement at 9:30 and 3:00.
There seems to be no movement whatsoever.

Failing to break through the pink resistance line
I made a big detour and fell near the Bottom.

For long positions
It's the worst move ever.

I couldn't touch the resistance line for 4 hours.
It is very likely that it will lead to a mid-term downtrend.

The next support line is from 14580 to the final 14384.4.

Bitcoin 30 minute chart.
The major sections were marked with a black finger.

First arrow movement path After entering long position at $29149.5
It broke the green support line.
The strategy is stop loss.

After a weak stop loss, it was coupled with Nasdaq
Shown after the downtrend

Light blue support lightning indicator -> up to 28684 dollars
It went down without a rebound.

The Nasdaq has a big impact.

As a new candle is created today
True waves and breakaway support lines are in progress,

Since then, the possibility of further declines has increased with Nasdaq.

I'll take a look at it overall and see you in the evening analysis.

thank you

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