Bitcoin bybit chart analysis August 29Hello
It's a Bitcoinguide.
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Bitcoin 30 minute chart.
It is a one-way long position strategy.
I brought the same strategy yesterday.
There is an important indicator announcement at 11:00 on Nasdaq, so please refer to it.
*At the red arrow path
long position strategy
1. Entry into long position at $25921.5 / stop loss when green support line completely breaks
2. 1st target of 26154.5 dollars 1st section (short position operation section) -> 2nd target of 26335.5 dollars
Those who are waiting for no position
Look at the 6-hour chart of Bollinger Bands
You might want to wait for the long position of $25862.5 in the light blue finger section.
Similarly, long position target and short switching period become number 1.
Those who are short
Check the shape of the island of support on the 6-hour chart
It can be opened to the right-down 2 times or the bottom section with a strong drop
It might be useful for reference.
According to the Nasdaq movement, today or
Looks like it will come out again tomorrow.
My analysis is for reference only.
I hope you will operate safely with 6 principle trading / stop loss essential.
thank you