Bitcoin bybit chart analysis July 31

Jul 31, 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.
The same goes for Nasdaq, but the current position is the midpoint of long shorts.

Since the fluctuation range is not large,
Because there is a high possibility of being bitten in an ambiguous place

This is a long position waiting strategy.


As a basis for long waiting, touch down first,
Some broken parts of the pattern (3-hour center line touch)
1 hour chart MACD dead cross in progress


I guess it will be something like this.


Because it is the end of the month and there is no indicator announcement from NASDAQ
The crossover potential is very high.


*In arrow movement path

long position strategy

1. Entry into long position at $29,198 / stop loss when breaking the green support line

2. $29496 long position target -> 2nd target in the top section

If the purple support line is maintained without breaking
You can reach the top section,

After the Bottom section, it is $28535.5.


So far, my analysis is simply asking for patience.


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


thank you

Aug 1, 2023

Trade closed manually

Hello.
it's a BitcoinGuide.

This is the movement after writing the analysis on July 31st.




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

On the path of arrow movement, without reaching the expected wave
Orange resistance line -> green support line

Extreme transversal finish.



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

After entering the long position of $29198, the arrow movement path
After the damage to the green support line, the extreme sideways finish.

As an additional daily peak was created today,

At around 10:00, there was a downward wave -> a decline near the true wave support line.

On the 31st, the strategy is completed with a sideways guarantee

Because an additional drop occurred in the morning of August 1,
The strategy is manual liquidation.

For those who are holding long, stop this section or shorten it.
Jegal has already switched to short and made a profit.

On the 30-minute chart, the fortune does not change
It made a strong drop before touching the center line on the 12-hour chart.

A tedious down-to-right crosswalk continues.


The $28535.5 shown at the bottom (Ilbong support + main bar center)
It seems likely.

Focusing on the operating section of the 30-minute -> 1-hour chart short position
Let's go ahead with the strategy.

I'll see you in a minute.


thank you