Bitcoin bybit chart analysis August 11

Aug 11, 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.

Anyone can see that it is a short position operating section.

Because variables can come out with a small probability in NASDAQ
I tried to hold the hand loss short and proceed.

Above all, those who already have 29420 dollars long
You have to be loyal.

Now all the red flags have passed on Nasdaq.
There is one Nasdaq index announcement at 9:30.



*At the red arrow path

long position strategy

1. Entry into long position at $29,420 / stop loss when breaking the purple support line

2. $29747 long position 1st target -> Top section 2nd target
It is a short position autonomy section.


During the weekend, the Good section and the Great section were displayed in the upper right corner.

drop directly from the current position, or
In case of a downtrend

At the bottom of the green support line, in the light blue finger section

There is a major rebound section on the 4-hour chart support line.
Those waiting for long positions

I think it would be nice to wait and see the shape of the support line.


My analysis so far is for reference only.

6 Principles of Trading / I hope you operate safely with stop loss essential


thank you

Aug 14, 2023

Trade closed manually

Hello
it's a BitcoinGuide.

I will check the movement after writing the analysis on August 11th.



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

on the arrow path,
It ended up being extremely transverse without any movement.
As a result of last week's movement, the MACD dead cross was imprinted on the weekly bar chart.

Because the intermediate pattern is in a broken state
If you go further down from the present
The support line is the section of the daily support + the central line of the main bar.




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

It was a strategy to maintain the arrow movement path at 29420 dollars.
Finished with extreme cross-section without any movement until the weekend.

Because there was little variation in
The strategy was organized through manual liquidation.


As a weekend move, a $29393.5 gap was created
indicated at the bottom
After touching light blue finger section 29074
Gap reversal has been completed.

The boring crosswalk continues,

I'll check it out overall, and I'll run hard.


I'll see you in a minute.


thank you