Bitcoin Bybit chart analysis August 6Hello
It's a Bitcoinguide.
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Here is the Bitcoin 30-minute chart.
There is no Nasdaq index release today
It is in an uptrend
And I made a strategy for the part where the wave is getting bigger.
I was worried a lot about missing the entry point
Since the short-term pattern was broken in Tether Dominance
I applied the downtrend to Bitcoin.
*When the blue finger moves
It is a two-way neutral
Long -> Short switching strategy.
1. 53,310 dollars long position entry point / cut-off price when the green support line is broken
2. 58,122.5 dollars long position 1st target -> Top 2nd target
3. Short position switching at Top 59,164.5 dollars / cut-off price when the pink resistance line is broken
Since it is a strategy aimed at perfection
I lowered the long position take-profit price a little
And when the top target price is reached perfectly, I switch to a short position.
At the top, 1 and 2 are horizontal lines
If it doesn't come down to the entry point and rebounds in the 2nd section
Please pay attention to the purple parallel line.
The 3rd section is a downward horizontal line
If the previous low point bottom section doesn't break
You can continue to play in the current channel.
From the bottom
Please note that there is a high possibility of additional decline after tomorrow.
Up to this point, please use my analysis for reference only
I hope you operate safely with the 6 types of one-shot trading and stop loss prices.
Thank you.
