August 9 Bitcoin Bybit chart analysis

Updated

Hello

It's a Bitcoinguide.

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This is the Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.

The 30-minute chart touched the resistance line and is moving sideways, so I am anxious because there is a possibility of a gap reversal.

More than anything else, the coupling to the Nasdaq decline is dangerous.

Currently, the 2-hour chart MACD dead cross is in progress,
and the support line is in a more advantageous section than Nasdaq,
so I created a strategy as safely as possible.

*When the blue finger moves,
Bidirectional neutral
Long->Short->Long switching strategy

Since the orange resistance line touches, there is a high possibility of an increase,
it is advantageous to operate with a focus on long positions.
Today, the gap reversal on Nasdaq must be ignored to increase the probability of success.

1. 59,424 dollars long position entry section / stop loss price when purple support line is broken
(Check if orange resistance line is broken, and if broken, maintain long position)

2. 61,949.5 dollars short position entry section / stop loss price when orange resistance line is broken

3. 61,093.5 dollars long position switching / stop loss price when green support line is broken

Please pay attention to the final 3 long position sections rather than shorts,
and if the rebound is successful, target prices are displayed in order at the top during the weekend, so please refer to them.

Above all, pay attention to the Nasdaq movement,
and if the 1st section (orange resistance line best short) at the top fails to break through,

the possibility of breaking away from 2 -> Bottom increases.

This is today's major support line.

Also, if the green support line is maintained in a strong upward trend,
it can rise to 68.8K this week or next week.

From the bottom section departure to the 3rd section
Please check the movement

Up to this point, please use my analysis articles only for reference and use

I hope you operate safely with principle trading and stop loss price as essential
Thank you for your hard work this week.

Thank you.

Order cancelled

Hello
It's a Bitcoin Guide.

I will check the movement after writing the analysis article on August 9th.

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

The strategy was to go short->long from the purple finger
or long with the red finger.

After entering the long at 18356.2,

It finished with a very horizontal movement.

It reached the orange resistance line.

The Bollinger Band 4-hour chart resistance line has not been touched yet,
but it is breaking through the main center line.

There is a CPI announcement this Wednesday,
and I am a little concerned about the gap section at the bottom.

I will explain the details together in the analysis article.

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

Sky blue finger
In the long->short->long switching strategy,

After touching the first horizontal section at the top indicated,

It did not come down to the long position entry section of the sky blue finger 59,424 dollars,

And finished the extreme horizontal protection.

Since there was no entry point touch,

The strategy was canceled.

While moving in the extreme horizontal protection over the weekend,

It made the 30-minute chart and 1-hour chart thin with the Ichimoku Kinko symbol,

And then it swept over the Friday high slightly,

And then it strongly broke away,

And reached the 2nd section indicated at the bottom.

The MACD dead cross was imprinted on the 4-hour and 6-hour charts.

A gap section was created at the top 60,750 dollars due to the weekend movement,
And it is moving sideways while leaving the bottom at the bottom.

If it had touched the main section as the strategy had,

I think the current Bitcoin price would not have changed.

It's really a shame that there's only a 4% chance of perfection.

I'll check the details from now on.

Thank you.

Trade active

This is a 30-minute Bitcoin chart.

I copied the analysis from August 9th as is.

The 2nd section marked is rebounding from $58,175,
and the upper section is $60,750,
and the lower section is the bottom at $57,265.5, which is a blue support line.

I'll continue with the analysis as is.

Thank you.

BitCoinGuide

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August 8 Bitcoin Bybit chart analysis

by BitCoinGuide

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