BitCoinGuide

Bitcoin bybit chart analysis August 7

Short
BitCoinGuide Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract


Hello

It's a Bitcoinguide.

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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.

Nasdaq has no significant indicator announcements

Bitcoin touches the 6-hour support level over the weekend.
It touched the resistance line on the 3-hour chart by afternoon. (uptrend)

Focusing on the possibility of walking sideways and the movement of shaking up and down
Safely crafted a strategy.


*In arrow movement path

Short -> Long Switching Strategy

One,. 29234.,$5 short position entry section / hand drop when the orange resistance line is completely broken

2. $28,938 long position switching / stop loss when breaking the light blue support line


The reason why we didn't do the chase today
Because the fluctuation range is small, there is no place to eat
I did not overdo it and prepared for the variables.

In the case of a direct drop from the current position

Check the marked gap section.


In case of further breakaway, the deep blue support line at the bottom -> up to the Bottom
Because it can be connected to the

This is a section where you can play around with the lower tail rebound.

be careful

This week, the 10th CPI indicator is also released.
It looks like there's a good chance they'll be messing around until the direction comes out.

We will run hard.

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
Trade active:

It is a sideways move with little up and down fluctuation.
It couldn't explain.

The green support line in the middle is a meaningful section.

I'll attach "no expression" and go in.


thank you
Order cancelled:
Hello
It's a BitcoinGuide.

This is the movement after writing the analysis on August 7th.



This is the NASDAQ 30-minute chart.
It's a movement after writing an analysis article.
The major sections were marked with a black finger.

Arrow movement path 15352.1 After long entry
Touch the Gap2 section of the green support line at the bottom -> Near the orange resistance line
Right-hand sideways finish

The decline from the 30-minute resistance line

4 hour support -> 1 hour resistance
downtrend in progress

The 30-minute chart is keeping the good luck thin.



Bitcoin 30 minute chart.
It's a movement after writing an analysis article.
The major sections were marked with a black finger.

It was a short -> long switching strategy, but
As it was coupled with Nasdaq, it went down first.


As indicated in the main section,

Light blue support line gap section $ 28938
-> After touching the blue support line
-> It ended after reaching the orange resistance line of $29234.5.

Yesterday before the movement came out in real time
This is the move I was describing.

Because I went down first without touching the entry seat
The strategy is cancelled.


Gap reversal also proceeded without problems.
Lightning in the variable section of the previous trough -> In the Bottom section
Again, there is a playful movement.

It's a place I've been explaining over and over again.
I'm guessing everyone did a good job.

Currently, various competitions are in progress at overseas exchanges.

Because most of the tournaments have a lot of short position users.
In my experience, in long and short fights
There is a case where there is a strong decline whenever it is concentrated on shorts.
There were many.

Please refer to this part.

Fortunately, the previous low of $28555 was not broken.
This month is a section where you can continue to shake it.
Two-way short-term trading looks advantageous

Those who are holding long or short at the current position

I wish you all the best in each position.


I didn't get a separate entry seat today
Do not keep entry
I'll try again for a good spot in the afternoon strategy.


thank you
Trade active:

I was aiming for yesterday
short -> long switching
Arrow movement path short entry section $29234.5

without touch,
Conversely, touch the bottom first
It is the 29234.5 dollar position that has been raised.

According to the movement of the short operating section today
doesn't look bad,

connect as is
Before movement at the top, the same as the captured content
Based on the stop loss when the orange resistance line is broken

Let's proceed with today's strategy from the $29234.5 short entry section.


thank you

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