BTCUSD Bybit Chart Analysis August 16

16 ago 2022

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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 16.




After writing the analysis on August 12th, I will check the movement.

Bitcoin 30 minute chart.
Black finger check for major sections

Breaking the purple support line while going sideways ->
Green support line danger zone /
The 6-hour center line marked 23701 was hit and a rebound came out.

*Catching long position entry price from $24014.5
Displayed , $ 847 profit section up to the top price (counting from the chasing position)

After that, from the point of breaking the green support line over the weekend,
Short position -> The current position is $1003 profit section.

I think everyone made good use of it.

Restoration of broken patterns / Completion of Gap return

Importantly, the Nasdaq is a strong upside.
The beat is not keeping up.

Decoupling when rising / Coupling when falling

It's difficult.

Let's take a look at it in its entirety.






Bitcoin 4 hour chart

Today's approximate top price and bottom price are left.
12 hour chart MACD dead cross is engraved.

In the future, focusing on the ongoing daily chart MACD dead cross
The direction seems to be determined.

In the overbought zone,
Every time it breaks through the highs, it seems like a strong correction is coming out.
Little by little the lows are rising, and the highs are being updated.

around the purple support line
Check the red up/light blue down movement path

I made today's trading strategy.








30 minute chart arrow movement path ,
This is a one-way short position strategy.

To be precise, it is a long -> short -> long switching strategy.

I also slightly indicated the case of the sky blue finger sideways.

According to the strategy,
Bottom price has been corrected.


* When the red arrow moves

1. $23944 long pursuit / Stop loss when breaking the green support line

2. $25417.5 short / Stop loss when the green resistance line is broken
(It can be pushed up to the maximum top price.)

3. $23611.5 long switching / Stop loss when the green support line breaks
(There may be a rebound from the purple support line depending on the high point update.
I hope it works well in real time.)

When dropping directly from the current position
Pay attention to the blue finger section.

overall ,

Ignoring the Nasdaq move
Daily chart MACD dead cross in the overbought section
In an ambiguous place,
I think it would be good to see it as a whip-saw strategy.
To perfectly break through the Ichimoku Blue Cloude on the Week chart
It looks like it will take some time.


In the case of spot exchange
Major -> Minor Alt switching strategy
I think it might be a good idea to cut it off once at the high point.


My analysis is for reference only.

Principle trading / Stop loss is essential, I hope you operate safely.

thank you.