BitCoinGuide

Bitcoin bybit chart analysis August 31

Long
BitCoinGuide Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
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 an indicator announcement at NASDAQ at 9:30.

Because it is the end of the month, the possibility of a sideways move is very high.

I think there were a lot of people who were long yesterday.
I will maintain the long position strategy as is.


*Arrow movement path

Long position strategy


1. Maintaining long position at $27328 (for those who are waiting, long $27090.5 with the light blue finger)
Stop loss when breaking the green support line

2. $27,623 long position 1st target -> Top section $27,880 2nd target

From the current location, depending on Nasdaq movements

Bollinger Band 30 minutes -> 1 hour chart resistance line
Please be careful as there may be a short position entry zone/downtrend.

The green support line is the central line of the Bollinger Band 3-hour chart.

The purple finger/light blue support line is the center line on the 4-hour chart.


In terms of signals, MACD deadcross on the 4-hour chart is dangerous.
You have to be careful.


Because the overall upward trend is strong

We operated mainly on long positions.


Please note that my analysis up to this point is merely for reference.


6 principles of trading / stop loss required

I hope you operate safely.


thank you
Trade closed: stop reached:
Hello
it's a BitcoinGuide.

I will check the movement after writing the analysis on August 31st.


This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.

Arrow movement path 15442.5 After long entry
End of upward trend

Even when the indicators were announced, it ended without any significant movement.



Bitcoin 30-minute chart
Major sections are marked with black fingers.

Long position entry section on August 30th
I continued the strategy by maintaining $27328.

The target price for section 1 shown above is $27,623.
6.5 inches difference, touch failure

Leaving the light blue finger entry area and / green support line
Stop loss treatment.

Afterwards, it was connected to a strong downward wave.
The breakaway progressed below the bottom section.

Yesterday, I explained to you to be careful of downward fluctuations.
There was a movement to drop it.

We are conducting analysis focusing on Nasdaq.
While the Nasdaq is moving sideways, Bitcoin appears to be connected to the trend.

Focusing on the Bollinger Band 4-hour chart,

Rather than short going up from below
Please remember that shots coming down from above like now are scary.


I hope you can run the business well without any major losses through principled trading.


This is something I announced a few days ago.
Today, due to my family trip,
We leave only the main work sections.

I will take a break from the analysis.


thank you
Trade active:

This is the NASDAQ 30-minute chart.

Please note that there will be an indicator announcement at 9:30 and 11 o'clock tonight.

The light blue support line section is the 1+4 section.
This is the safest support line.


Bitcoin 30-minute chart.

We left the main upper and lower construction sections until the weekend.

Section 1 is a mid-term downward trend.
If you break through this section strongly

It may lead to an upward trend again.

Of course,

On the day I decided to leave
There has been a big movement.

I'm sorry for not being able to be with you.

If nothing goes wrong over the weekend, I'll see you next Monday.


Have a good weekend.


thank you

*비트코인가이드 공식텔레그램 Telegram
t.me/BTG_Group

*빙엑스 BingX 50%DC+$5,000 (청산할때만 총1회수수료)
bit.ly/3E8ZkAW

*바이비트 Bybit 20%DC+$100
bit.ly/3iBwXCd

*게이트아이오 Gateio 30%DC+$6666
bit.ly/3UngFAg
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.