Bitcoin Bybit chart analysis August 2

2 ago

Hello

It's a Bitcoinguide.

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Here is the Bitcoin 30-minute chart.

First, since it has come down to the desired level on Nasdaq,
I created a strategy based on the Tether Dominance Double Top.

The purple finger on the lower left
is the final $62,583 long position entry point yesterday.

*When the red finger moves

Long position strategy

1. $64,085 long position entry point / cut-off price when the green support line breaks

2. 66,522 long position 1st target,
target price in the order of Good -> Great during the weekend

No. 1 on the top is today's best short position entry point
No. 2 on the bottom is the sideways movement point, and when it breaks

it will reach the double bottom point No. 3.

3 is the section that is not broken through when maintaining the double top in Tether Dominance,

and the bottom section is
the daily chart Bollinger Band support line,
and everyone knows it and everyone is waiting for it.

I used the strategy for the red finger in the middle wave,
and when cutting losses, you can do a final long wait at 3 or the bottom, right?

Up to this point, please use my analysis as a reference and only
operate safely with the 6 principle trading + stop loss price.

Nasdaq is really a tough friend.

It's hot, so you worked hard this week too.

Thank you.

5 ago

Operación cerrada: precio stop alcanzado

Hello
It's a Bitcoin Guide.

I will check the movement after writing the analysis article on August 2nd.



This is the Nasdaq 30-minute chart.
I marked the main sections with black fingers.

In the sky blue finger short->long switching strategy,
the short position entry section at the top is 18771.6,
without touching,
and finished after adjusting to the bottom.

This week, a new weekly and daily candlestick was created,
and a strong decline occurred.

A gap section was created at the top due to the weekend movement.

(It is organized as 19768.9 Gap2 at the top and 14185.6 Gap1 at the bottom.)
Last week, I was anxious because there was an adjustment near the center line due to the Bollinger Band

Gap reversal in the weekly chart candlestick,
but it ended up being a disaster.

Domestic and overseas stocks, overseas futures, Bitcoin, etc.
Major indices have all plummeted
It seems that various uncertainties such as war have been applied to the chart.

I will explain the details in the analysis article later.



This is a 30-minute Bitcoin chart.
I marked the main sections with black fingers.

After entering a long position at $62,583 with a purple finger on the lower left on August 1

The red finger was a long position strategy.

After entering a long position at $64,085

It failed to break through the orange resistance line of the first section indicated at the top

Coupling with Nasdaq->Green support line

I cut my loss.

It ended after falling to the final bottom



This is a 4-hour Bitcoin chart.

In line with the decline of Nasdaq, there was an additional decline,
and a Gap6 retracement at the bottom.

It broke away from the main black support lines,
and fell to the section I had drawn before, $49,816.

Personally, I feel very sorry that Bitcoin broke through the main resistance lines,
and that it was affected by Nasdaq,

when only the rise remained.



This is a weekly chart of Nasdaq and a weekly chart of Bitcoin.

Although the business days are different,
one of the biggest reasons for the decline of Bitcoin is
Nasdaq.

Because Bitcoin moves without resting even on weekends,
the turnover rate itself touches the weekly chart support line,
and Bitcoin is faster.

I think I need to check it all over again

and redo the drawing itself

I'll look into it thoroughly.

I'll see you later

Thank you.