August 14 Bitcoin Bybit chart analysis
Updated
Hello
It's a Bitcoinguide.
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This is the Bitcoin 30-minute chart.
The CPI indicator will be released at 9:30 in a little while.
In an ambiguous position, there is no wave at all,
The current position has a high possibility of sideways movement,
It is not a sweep condition, but there is a possibility of sweeping,
And there is also a condition for a strong rise.
After much thought, including Tether dominance,
I created today's strategy.
*Red finger movement path
One-way long position strategy
1. $60,520 long position entry section / green support line breakaway stop loss price
(I think the stop loss standard is ambiguous, so I marked the final push price with a green arrow below.)
2. $62,350 1st target -> Good 2nd target
The 1st section at the top is an upward sideways market
The 2nd section at the bottom is a downward sideways market
Be careful because an upper tail sweep may occur from the pink resistance line to the orange resistance line 1st section.
In the case of a sweep, it may fall from the bottom -> 3rd section at once,
so those who are entering a long position should be careful.
The 2nd section of the sky blue support line at the bottom
is a mid-term upward trend line, so if it doesn't break away from this spot today
it may continue to rise.
It's a rare CPI, but I personally think it's likely to move sideways.
Please use my analysis as a reference and only as a reference.
I hope you operate safely with principle trading and stop loss.
It's the last day of summer, so eat something delicious.
Tomorrow is a holiday, so take a day off and I'll see you on Friday.
Thank you.
Trade active
I might miss the entry point, so I'll move the position up.
I'll change the existing 60,520 dollars to the purple finger 60,854.5 dollars.
The stop loss price is the same.
Good Luck.
Trade closed: stop reached
Hello
This is Bitcoin Guide.
I haven't been active since last week because I wasn't feeling well.
I'll try hard again from today.
I'll check the movement after writing the CPI analysis article on August 14th.
This is the Nasdaq 30-minute chart.
I marked the main sections with black fingers.
In the red finger long position strategy,
At the time of the CPI announcement at 9:30,
The 1st downward wave at the top -> After entering the long at 18959.6,
The extreme sideways movement ended.
After that, there was an additional rise,
and the Gap2 section retracement appeared at the top.
It continues to rise without a Gap retracement at the bottom.
The Nasdaq continues to rebound as candles are created above the Bollinger Band center line of the weekly chart.
We need to check whether it breaks through the main resistance line until it completely rises. Let's look at the details together in today's analysis article.
This is a 30-minute Bitcoin chart.
The main sections are marked with black fingers.
In the red finger long position strategy,
the long position entry section is changed to the purple finger 60,854.5 dollars in real time
At 9:30, when the CPI indicator was announced, it was coupled with Nasdaq as it was
The pink resistance line / section 1 marked at the top (61,856.5 dollars)
A whipsaw occurred
It broke away from the green support line
and the strategy was cut off.
After falling to the bottom,
It is rebounding from the 3 marked -> final bright blue support line 57,265.5 dollars
Last week, it was a long position strategy, but
I explained several times in the analysis article and video that
don't just sweep around the pink resistance line,
and you have to be careful when sweeping.
In the end, it was coupled with Nasdaq and
a sweep came out.
Fortunately, when I checked in real time,
those who responded well to the sweep could have
realized profits,
but it's very unfortunate that the strategy itself didn't succeed.
Also, the reason Nasdaq moved sideways
was because the upper part of the Bollinger Band daily chart
was a safe area where the positive cloud held on
and the pattern wasn't broken,
while the lower part of the daily chart
was a dangerous area, so it fell strongly when connected to the sweep.
After that, a new gap section was created at
$59,253, which I showed you last weekend,
but the reversal was complete and it is moving sideways in the main section.
Let's take a fresh look from today.
Lastly,
the top is the short position strategy on August 12 before the movement.
What's more frustrating is that,
the short position entry point, $61,416, that I was waiting for in the short position strategy on August 12,
was swept out,
but it keeps moving sideways and doesn't show the desired movement,
so the analysis difficulty is very high.
I'll leave the regret behind and try hard again.
Thank you.
*비트코인가이드 공식텔레그램 Telegram
t.me/BTG_Group
*빙엑스 BingX 50%DC+$5,000 (청산때,1회수수료)
bit.ly/3E8ZkAW
*바이비트 Bybit 20%DC+$5,020
bit.ly/3iBwXCd
*제로마켓 ZeroMarket ECN계좌 40%DC (해외선물,FX)
bit.ly/3pY0dUv
t.me/BTG_Group
*빙엑스 BingX 50%DC+$5,000 (청산때,1회수수료)
bit.ly/3E8ZkAW
*바이비트 Bybit 20%DC+$5,020
bit.ly/3iBwXCd
*제로마켓 ZeroMarket ECN계좌 40%DC (해외선물,FX)
bit.ly/3pY0dUv
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