Bitcoin bybit chart analysis August 10Hello
It's a Bitcoinguide.
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If my analysis is helpful,
I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
On the eve of the announcement of an obviously important indicator,
It's really hard to keep the position haha
Yesterday, the rung position is still operating.
I messed up once while analyzing.
First of all, today, the overall possibility of sideways seems very high.
Those who are holding the $29420 long will break the purple support line
It can be associated with a downtrend.
I think it would be a good idea to start with a stop loss at the left anterior trough.
Like the wave today
There is little movement and the Nasdaq is in a similar situation.
At present, there are more than 9 branching points in total.
I share one strategy among them, so please refer to it.
Analysis is difficult, but those who actually trade
Depending on the situation, it is convenient to wait long or short in the next position.
Yesterday, I did my best to save my long position. haha
In each long/short position
Please refer to the support resistance line
I hope the operation goes well.
*In arrow movement path
This is a short -> long switching neutral strategy.
1. Entry into short position at $29886 / Stop loss when the red resistance line is broken
2. $29151.5 long position switching period / stop loss when breaking the green support line
If it falls all at once due to a downward wave
Please pay attention to the light blue finger section at the bottom.
My analysis is for reference only.
6 principles of trading, stop loss is essential, so please operate safely.
thank you