BTCUSD Bybit Chart Analysis August 29

Aug 29, 2022

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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 29.






Bitcoin 4 hour chart.

Today's approximate top price, bottom price

The purple/green support line is the life line.
There is no proper support line at the bottom.

There are no major indicators announced today.
If it doesn't go up on the Nasdaq with ignorance
Successful rebound after minimal adjustment
Bitcoin must be coupled to reach the Top section.

The possibility of crossing over is very high.

Based on the purple support line
Check the red up/light blue down movement path

I made today's trading strategy.





This is a 30-minute chart one-way neutral strategy.

There is a very high chance of sidewalking today.
If you drop directly from the current position, you can go down to near the bottom.

Unlike the Nasdaq, Bitcoin is on the brink.
There is a possibility of de-coupling, so please refer to it.

We created a strategy based on the upper gap.


* When the red arrow moves

Long -> Short -> Long Switching Strategy

Because the last rebound touched the 3-hour support
After the rebound, it will come down again.

Except for the drop from the current position
For the rebound section, I made a strategy with the purple support line (upward) / green support line (extreme sideways guarantee).
Today's green support line is a lifeline for long positions.


1. 19800.5 USD Long position entry section / Stop loss when deviating from the green support line
2. $20675.5 short position entry section / Stop loss when the purple resistance line is broken
3. 19916 long position switching / Stop loss when the green support line is broken

The last $20910.5 long position target and autonomous operation section.

In the case of the spot exchange, I think you can only aim for short-term trading of job alts.
It is dangerous to break out of the green support line.
For beginners, it seems advantageous to watch.


Here's today's strategy.

See you in the evening Nasdaq analysis.

My analysis is for reference only.

Principle trading / Stop loss is essential, I hope that you operate safely.


thank you.

Aug 29, 2022

Trade closed manually

Bitcoin movement since the last comment.
I marked the main sections with black fingers.

After entering the long position in 19801 for the first time
This is the maximum profit section of $621.

It ended with a right-of-way.

3-hour support level -> 3-hour resistance level
Broken patterns have also been restored.
Some of you may have been running short positions.

Follow the purple support line without breaking out, and finish upwards.
Manual clearing was done.

Gap reversal has not been released yet.

Let's take a look at the Nasdaq movement as a whole.

I'll see you later.

thank you