Bitcoin bybit chart analysis July 10

Jul 10, 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.

There is no separate Nasdaq indicator announcement today.
On the Nasdaq trend, upward rebound
Looking at the tether dominance pattern, it can gradually decline.

If the pink resistance line fails to break through,
Please note that there is a rebound section of the $29730.5 major at the bottom.


Moderately put weight on the rebound to the right.


*In arrow movement path

long position strategy

1. $30168.5 long position / stop loss when breaking the green support line

2. $30402 long position 1st target -> Great section 2nd target

Short position switching was not carried out because there is a possibility of further increase.
Depending on today's movement, further upside or re-correction may come tomorrow.

Also, if the rebound is not good, there may be sideways protection.

If it finishes within the light blue support line,

There is a high possibility of further decline tomorrow, and it is not the best for long positions.


My analysis so far is for reference only.

I hope you operate safely with principle trading / stop loss essential


thank you

Jul 10, 2023

Trade closed: target reached

Hello
It's a BitcoinGuide.



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

Arrow movement path 15006.8 After long entry
Separate purple parallel lines
Right-handed extreme sideways finish

The 4-hour chart MACD Golden Cross is waiting.



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

After entering long position at $30168.5 for the first time
$30402 1st target -> Great 2nd target -> Top section
Finish after breaking through in an instant

The strategy has been exploited.

A strong adjustment is currently underway.

Yesterday, in real time, I even managed to enter the 30286 dollar chase long.
There is no separate short position.
Because it was an uptrend strategy.
As I explained, it was a place where you could benefit from the stop loss correction.

The reason why the adjustment came out strongly is in tether dominance.
It is because I touched the 6 + 12 rebound section as much as the rebound came out strong.

My point of view is the same as what I explained yesterday.

Have a nice day today

Details will be sorted out in the afternoon.


thank you