Bitcoin Bybit chart analysis August 7

Aug 7

Hello

It's a Bitcoinguide.

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This is the Bitcoin 30-minute chart.

Since there is no indicator announcement for Nasdaq today,
there is a high possibility of sideways movement.

Instead, the 12-hour chart MACD is in golden cross order,
and an upward trend can be connected from the gap reversal,
and Bitcoin's pattern is not broken compared to Nasdaq and the turnover rate is good.

It is the position before touching the center line of the 6-hour Bollinger Band chart,
and it is a match with an upward rebound.

*One-way long position strategy when the red finger moves

1. 56,170.5 dollars long position entry section / stop loss price when the green support line is broken

2. 60,856 dollars long position 1st target -> Gap, Good 2nd target,
but it is roughly the center line of the 12-hour Bollinger Band chart.

When touching the Gap or Good section,
after switching short positions, it would be good to wait for the final long position tomorrow.

I was worried that I might miss the long position entry point,
but if there is a strong rebound from the current position,
there is a long position entry point at around $56,722.5 (green arrow) in the return adjustment,
so please refer to it.

The section of $58,122.5 near the pink resistance line (red arrow)
is the 6-hour Bollinger Band chart,
but if a touch occurs before an additional candle is created at 9 p.m.,
the possibility of a sideways movement decreases.

(It is difficult to break through the center line with one candle, and it looks like it is being pressed)

The orange resistance line at the top
The green support line at the bottom
is a sideways movement,
and from the bottom, it is section 3,
and there is a possibility of an additional decline after tomorrow.

Please use my analysis so far for reference and use only,

and I hope that you operate safely with principle trading and stop loss prices.

Thank you.

Aug 7

Trade active

I have some additional content to add, so I'll give you an additional comment.

Before 9 o'clock, the 6-hour center line of the Bollinger Band has not been touched yet,

so the possibility of sideways movement is very high now.

When the red finger moves,

the long position target is after the top, and from the purple finger section 61.9K,

the short position entry section is.

Also, it is being adjusted right away,

After the red finger long entry of 56,170.5 dollars,

it may be pushed strongly to the 2nd section at the bottom, so please be careful.

Thank you for your hard work.

Aug 8

Trade active

Hello
It's a Bitcoin Guide.

I will check the movement after writing the analysis article on August 7th.



This is the Nasdaq 30-minute chart.
I marked the main sections with black fingers.

In the red finger long position strategy,
After the Gap1 section at the top was reversed,
It fell to the bottom of the long position entry section 18056.9 points

It did not sweep,

It touched the resistance line on the 30-minute chart and made a downward wave,

and fell down annoyingly.

Overall, there was a typical decline from the center line of the Bollinger Band 4-hour chart
And it seems important to see whether the previous low is broken again,
Leaving the last 3 sections at the bottom.

I will explain the details together in the analysis article.



This is a 30-minute Bitcoin chart.
The main sections are marked with black fingers.

In the red finger long position strategy,
After a long entry of $56,170.5,
Coupled with the decline of Nasdaq,

After touching the second section marked,
The downward sideways movement ended.

It was supported cleanly by the green support line,
And there was a rebound of about $2,500 this morning.
The strategy is active processing.

I was worried that I would miss the entry point,
But luckily, the rebound was connected without a loss cut.
The movement on Tuesday came out yesterday.

$56,170.5 -> The second section long entry section was divided into two,
The biggest advantage of Bitcoin Guide is real-time selection on the real-time chart.

In the purple support line drawing,
After a short stop loss, it seems that the second re-entry in the second section with a principled trade or a split purchase was sufficiently possible.

The reason why the stop loss price was set loosely is because
If the green support line is maintained without breaking away,
It is a condition that can rise strongly,
And as I explained yesterday, unlike Nasdaq, the upward trend was faster,
And the pattern was not broken, so a strong rebound was connected.

Since Nasdaq is not moving well,
I will connect the 2nd long position entry section at the bottom without changing the perspective,
Today's strategy.

It's really hard to be perfect these days.

It's not an 11.1% possibility,
It has to go to the final target price, and there's also the variable called Nasdaq,
So it's about 3% to be exact. Haha

Please note that the target price above is valid,

And I'll see you right away in the analysis article.

Thank you.

Aug 8

Trade active

2nd, long position entry zone

Purple finger from $55199

I'll connect today's strategy

Fighting