Bitcoin Bybit chart analysis September 4Hello
It's a Bitcoinguide.
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This is the Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 11 o'clock.
After coupling with Nasdaq, the candle's lower tail rebounded,
and it is moving sideways in an ambiguous position.
Based on the time zone wave, the 15-minute wave is in progress.
The 15-minute candle support line has been touched,
but the 15-minute candle resistance line has not been touched yet,
and the rising pattern has been applied to Tether Dominance.
In the case of Nasdaq and Bitcoin, it is falling strongly,
and there is no place to go short except for a vertical decline,
so I created today's strategy based on the possibility of shaking in both directions.
* When the blue finger moves,
it is a two-way neutral
long->short->long switching strategy.
1. 56,195.5 dollars long position entry section / When the purple support line is completely broken
or when the 2nd section is touched, the stop loss price
2. 57,444 dollars long position 1st target price -> Top 2nd target price
Depending on the strength of the rebound,
maintain the stop loss price adjustment to the Top or proceed with the short->long switching of the blue finger
The final target price is the Top section,
and when touched, I will connect the strategy after tomorrow.
The 1st section at the top is the first short position operation section of the 30-minute chart resistance line.
The 2nd section at the bottom is a place where a double bottom can occur,
but in the case of Tether dominance moving in the opposite direction of the beat,
the upward trend can be connected when the previous high is broken,
so I do not particularly recommend it.
There are a total of 2 support lines remaining from the Bottom at the bottom
to the long-term downtrend,
so please refer to it.
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.
