Bitcoin bybit chart analysis August 28Hello
It's a Bitcoinguide.
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Bitcoin 30 minute chart.
It is a one-way long position strategy.
Following last week's strategy, I brought it by connecting it to the afternoon drawing.
There are no major indicators announced on the NASDAQ today.
Note the movement after the NASDAQ Gap retracement.
From the current candle, pink resistance line -> orange resistance line -> green resistance line up to section 1
This is the short position operation section.
Because it is 2 touches of the center line for 12 hours
If the rebound succeeds, I made a strategy with the condition that it can rise strongly today.
*At the red arrow path
long position strategy
1. $25921.5 long position entry section / stop loss when breaking the green support line
2. $26336 1 target -> 2 targets in the top section
Depending on the situation, within the indicated section 1
Please note that there may be extreme cross-border protection.
Please pay attention to the MACD dead cross mark on the 9 o'clock 4 hour chart.
When leaving the current position, the sky blue finger section at the bottom
You can see it as a strong downtrend in the right-down sidewalk -> Bottom section.
At Nasdaq, the direction has already been decided.
It seems to matter when the wave comes out.
We'll work hard until then.
It is better to break the short-term trend rather than the long-term trend.
Please note
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
thank you