Bitcoin Bybit chart analysis July 29

Jul 29Hello

It's a Bitcoinguide.

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This is a Bitcoin 30-minute chart.

There is no Nasdaq indicator announcement and Tether dominance is in a vertical decline condition.

A trend is emerging during the analysis.

To summarize briefly,

*When the red finger moves,

One-way long position strategy

1. $69,810 long position entry section / green support line breakaway, stop loss price

2. $71,190 1st target -> Top 2nd target

Only those who are confident in the stop loss price should try the middle short->long switching section.

Operation centered on long positions seems advantageous.

The 1st and 2nd sections at the top are sideways.

Please note that a strong adjustment may be connected from the breakaway of the green support line.

I think it would be good to see the core of the strategy as trend following,
and I was looking at a strong upward trend from the breakaway of the black resistance line.

Up to this point, I ask that you simply use my analysis for reference and use only.

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

Thank you.

Jul 30

Trade closed: stop reached

Hello
It's a Bitcoin Guide.

I will check the movement after writing the analysis article on July 29th.



This is the Nasdaq 30-minute chart.
I marked the main section with a black finger.

Starting from the purple finger at the top
In the short->long switching strategy

After entering short at 19133.5

The purple support line broke away -> Gap -> Section 2

After the downward adjustment, it was finished.

There is one more Gap1 left at the bottom
And the Bollinger Band weekly chart center line has not been touched yet.

I will explain the details together in today's analysis article.



This is the Bitcoin 30-minute chart.
I marked the main section with a black finger.

Yesterday, in the case of the red finger, it was a chase buying strategy,

The target price on the 26th was Good section at the top,

The purple finger touched 70,055 dollars and a sweep came out,
2nd sideways section -> After breaking the green support line,

Stopped.

Some coupling with Nasdaq,

Gap -> It fell to near the pink support line at the very bottom.

The 65,807 dollars marked at the very bottom was not touched and was moving sideways.

Miracle and falling wedge

Because it broke through the main black resistance line,

It was a position with a high possibility of rising.

I tried the strategy for the whipsaw several times since 2 weeks ago,
but it was canceled due to the sideways movement,
and if you look at the black finger section on the left,

After reaching the first target price on Saturday the 27th,

there was a strong adjustment,

so the possibility of a whipsaw was excluded in yesterday's strategy.

Also, yesterday was not exactly a sweep condition,
and the possibility of a sweep was
lower than a vertical rise or fall of less than 10%
about 5%, and I think it is a difficult section to enter a short position with a strong deviation.

Anyway,
it was a place worth challenging in terms of cost-effectiveness and profit/loss ratio as a strategy for 90~95% trend following,
so the strategy itself was not bad yesterday,

but I personally made some small mistakes in the analysis.

(Tight stop loss line and bottom price display when the purple support line breaks, etc.)
I was a bit disappointed with the overly aggressive operation that was not calm.

I will try to be a little more careful and operate safely from now on.
I apologize.

Instead, I explained that there could be a strong decline when the green support line breaks, so I think everyone operated well with principle trading.

Starting today, there are NASDAQ variables, and I don't know where Tether Dominance will go, but I will try to manage them calmly one by one.

See you later.

Thank you.

Jul 30

Trade active

This is a 30-minute Bitcoin chart.

It's been a while since I've seen a real-time drawing section.

I'll see you in the analysis article later.

Fighting