Long

September 5 Bitcoin Bybit chart analysis

Updated

Hello

It's a Bitcoinguide.

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If my analysis is helpful,
Please would like one booster button at the bottom.

This is the Bitcoin 30-minute chart.

Nasdaq indicators will be announced at 9:30 and 11:00 shortly.

The current position is very important,
and I was worried that I might miss the entry position.

Bitcoin is rebounding stronger than Nasdaq,
and a strong adjustment is in progress.

All the danger signals have passed, and Nasdaq did not see any additional declines yesterday and today,
and there were no short position entry positions,
so I will maintain the long position strategy until the main demand section is reached.

*Red finger movement path

One-way long position strategy

1. Pursue purchase at $56,681.5 / Cut-off price when green support line is broken

2. $58,008.5 long position 1st target -> Top section 2nd target
Until additional daily candles are created tomorrow
If it reaches the Top section
Since it is the first touch on the center line of the Bollinger Band 12-hour chart
It would be good to switch to a short position briefly.
Today, I focused on long positions.

The 2nd section at the bottom
is the final long position entry section according to the Nasdaq wave

The 3rd section at the bottom is a double bottom section.

I do not recommend a dangerous position.
From the 3rd section, the sky blue support line is broken, it can fall sharply,
so please check the price indicated at the bottom.

Up to this point,
I hope you can simply use my analysis for reference and use only

I hope you will operate safely with the principle of trading and cut-off price.

Thank you.

Trade active

Oh, I forgot the important part.

The pink resistance line at the top, section 1, 57,139.5 dollars
is the best short position entry point today / it can be a vertical decline condition, so
it must be broken through unconditionally.

Thank you.

Trade closed: stop reached

Hello.
It's a Bitcoin Guide.
I will check the movement after writing the analysis article on September 5th.

This is the Nasdaq 30-minute chart.
I marked the main sections with black fingers.
In the blue finger short->long switching strategy,
after entering the short at 19019.5 at the top
and switching the long position at 18854.3 at the bottom
it finished well without breaking the purple support line,
but it failed to break through the orange resistance line,
and as an additional daily candle was created today,

it is falling to the 2nd section that I marked.
As I explained in the video yesterday,
it broke away as a new daily candle was created today,
so the result was not a plunge,

but a sideways market.
It first hit the lower Bollinger Band,

and first touched the final 2-hour chart support line. (In case of downward touch, the possibility of decline increases)

As a result,
it did not reach the 4-hour Bollinger Band resistance line,
but a downward wave occurred based on the 2-hour chart resistance line.
(2-hour chart support line -> 2-hour chart resistance line, sideways section)
As I explained yesterday, the general direction is visible.
I will explain it together in the analysis article.

This is the Bitcoin 30-minute chart.
The main section is marked with a black finger.

In the red finger long position strategy,
after entering long at $56,681.5,

the green support line was broken / loss was cut.
Yesterday, I said that only Nasdaq should be normal,
and as expected, Gesdaq is amazing. Now I have no regrets haha

As I left a real-time comment at the bottom of TradingView yesterday,
It failed to break through the vertical decline section of the 1st section, the best short position of $57,139.5,
and ended with a final sideways movement until the rebound in the 3rd section.

There was a profit-taking timing after entering the long position at $56,681.5,
and if you entered the short position in the 1st section that I explained,
the profit section is a little less than $2,000.

I openly explained it with the entry price of $0.5,
and explained all the movements that can occur on the 30-minute chart, including the stop loss price, target price, and movement path,

but it seems that some people have difficulty understanding.

It is my fault, so I apologize.

Today, additional daily candles were created,
and additional deviations are in progress. Yesterday at 11 PM, it fell for the first time after coupling with Nasdaq. Today, it fell again after coupling.

I will think about the details together in the analysis article.

Thank you.

BitCoinGuide

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