July 14 Bitcoin Bybit chart analysis

84
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It's a Bitcoin Guide.

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snapshot


This is a Bitcoin 30-minute chart.

There is no separate Nasdaq indicator announcement.

Nasdaq upper gap reversal condition and
Bitcoin is moving sideways after a sharp rebound until the afternoon.

I created today's strategy based on the vertical decline condition based on the 5-minute trend reversal in Tether Dominance.

On the lower left, I connected the long position entry section of 117,451.1 dollars that I entered on the 11th.

* In the case of the red finger movement path,

This is a one-way long position

current position chase purchase strategy.

1. Chasing purchase at 121,897.1 dollars / Stop loss price when the green support line is broken

2. 124,639.5 dollars long position 1st target -> Good, Great in order of target price

Since I left a simulation in the middle,
I think it would be good to use it for re-entry after liquidating the long position.

The movement within the 1st section at the top and the 2nd section at the bottom
is an extreme sideways movement, and from a long position,
if it succeeds in rebounding within the 2nd section, it becomes a strong upward condition.

From the 3rd section breakout today,
the low point is broken in the newly created weekly and daily chart candles this week,
so please note that the upward trend may be delayed.

The next support line is the Gap8 section created last week.

Up to this point, I ask that you simply refer to and utilize my analysis

and I hope that you operate safely with principle trading and stop loss prices.

Thank you.

Disclaimer

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