August 24 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
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If my analysis is helpful,
I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
It is a one-way long position strategy.
Today, I proceeded entirely according to the Nasdaq pattern.
The main point is in tether dominance
There is a medium-term downtrend section. (On the contrary, in the case of beat, the trend is upward)
The spot is the two lower tails of the previous low in the candlestick on the left.
It is a place to break the purple parallel line support line.
If this section is broken
You have to be careful because the downtrend can be connected again.
If you are holding shorts, check if the purple support line breaks out.
Pay attention to the green support line at the bottom.
So today, long and short, both will be satisfied, right?
*In arrow movement path
long position strategy
1. Entry into long position at $26297.5 / stop loss when purple support line completely breaks
2. Section 1 of 26919 dollars is the 12-hour central line.
Depending on the Nasdaq rebound, it may be weak or break through upward.
Section 1 1st target -> Top section 2nd target
There is an indicator announcement at 9:30 on the NASDAQ today, so please refer to it.
My analysis is for reference only.
6 principles of trading, stop loss is essential, so please operate safely.
thank you
