Bitcoinguide
BTC Bitcoin New Week MovePair : BTC ( Bitcoin )
Description :
Break of Structure and Making its Retracement till its Daily Resistance Level
Divergence
Completed " 123 " Impulsive Wave and making Correction for the " 4th " Impulsive Wave
Impulse Correction Impulse
It can Reject from the Current Level or it can Go till the Daily S / R Level
$BTC overview Just a Reminder - The price is still in a Stage 1 structure, I would like to see a decisive breakout of Stage 1 - Accumulation structure in terms of Price and Volume. This would give me confidence as bitcoin will be transitioned into a Stage 2 - Uptrend Structure. Note - The price has risen up almost vertically for about 60%. Thereby, chances of breakouts are less as of now. And Bitcoin might consolidate more into Stage 1 only. If the breakout occurs then it would be a great opportunity to go long for investors. Traders should be waiting for a better risk reward opportunity.
A SCHEMATIC DISTRIBUTION SETTING
i can clearly identify a change in trend and a ranging market. with the help of a channel i identified price ranging within the channel, so i expect price to play a full schematic distribution settings before continuing with the current trend. it all depends on the #BTCUSD trend and fundamental bias. BINANCE:BTCUSD
BitcoinBitcoin support levels - $20,400 and $20,000 strong Support
Bitcoin resistance $20,900 and 21,200 strong resistance
Market depends upon Bitcoin & we updated you now trade according to this update. Bitcoin can go up in this month.
———————————————————————
Bitcoin managed to close its first green monthly candle since July. Bitcoin Holding above support level of $20,000 which was previously working as a resistance .
Last November, Bitcoin reached its current peak of $69,000. Bitcoin is still down a staggering 70.27% from its record peak.
Tomorrow is FOMC meeting and we will see volatility in the market
Trade carefully and manage risk according to mentioned support and resistance levels.
February 17 BTCUSD Bybit Chart Analysis
Hello.
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for February 17.
This is the move after the final finish on February 16th.
More details are in the comments.
I marked the main sections with black fingers.
As a pattern, we focused on the 30-minute support + 1-hour center line.
In the end, it fell to the BB 4 hour center, the next pattern.
From the first entry, the purple support line is separated from the additional bar / Stop loss treatment
Final green support line / After rebounding from the 4-hour center line
This is the sideway move finish.
Yesterday, the possibility of a 4-hour MACD deadcross was low.
Focus on purple support
It started with a sideways movement, and the wave grew
In the end, after an uptrend, it ended with a sideways guarantee.
I'll take a look at the whole
4 hour chart
Overall, looking at
If you look at yesterday's rebound, the long-term trend touches the central line of the 12-hour bar.
(The pattern is broken in a big trend / There should not have been a touch originally
If the resistance line is not touched for 12 hours first, there is a possibility of further decline)
Today is the progress of the 4-hour chart MACD Dead Cross.
Approximate top price and bottom price are displayed.
Check the red up/light blue down movement path
I made today's trading strategy.
This is a 30-minute chart one-way neutral strategy.
The pattern is broken in the big trend
I made a strategy based on the 4-hour chart MACD dead cross pressure.
Overall, we focused on the short forge.
* When the light blue finger moves
Long -> Short -> Long -> Short Switching Strategy
1) $43607.5 long position entry section / Stop loss price when the purple support line is broken
2) 44015.5 $ 44015.5 short position entry section / Stop loss when the green resistance line is broken
3) 43252 dollar long position switching section / Stop loss when breaking the sky blue support line
4) $43941.5 short position entry section / Stop loss when the green resistance line is broken
This is a strategy that continues the trend with a short position, so please note that it may be pushed up to the maximum red resistance line.
In the case of spot exchanges, in the long position entry section
Minor Alt -> I recommend short-term trading with major switching.
In principle, stop-loss is essential, I hope that you operate safely.
thank you
Bitcoin heading towards 30000As I mentioned in previous analysis Bitcoin has some support near 40000
Bitcoin respected the support and bounce about 10%.
Now in previous trading session it closed below 40000 and stated trading below the same.
Based on current price action 30000 level should be target of this fall.
Getting any pull back signal near 30000 will be good for long term investment.
On the flip side further breakdown below 30000 will crash bitcoin and you will see 20% to 30% correction near future.
30000 level is the key now.
BITCOIN - Trading in its good support level🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock/Crypto coins to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Bitcoin - what is its cost production value, really?!I want to touch on the topic of bitcoin's cost production value. This is a rather important matter as it gives a better understanding of its price's cost bottom. Many miners talk about 15-20 thousand USD as its cost production value. They are right! When it comes to individual mining, then this is most likely to be the case. However, based on the above evaluation, many home miners and investors believe that the price of bitcoin cannot go any lower.
This is not the case!
The break-even point depends primarily on 2 factors: the efficiency of the equipment and the price of electricity or hosting. Globally, individual mining does not in any way affect the price action or its cost bottom.
Why is that?
This is because there is an industrial scale of mining by companies such as: Poolin & Bitmain from China, Crypto Scientific from US or BitBaza, BitRiver, CryptoUniverse from Russia, etc. where infrastructure investments range from 10 to 150 million USD. Bitcoin's cost for the mining giants is around 3,000-5,000 USD for the following reasons:
1. Equipment purchases are made in bulk directly from the manufacturers. Some companies, for example, like Bitmain produce their own ASICs.
2. The average efficiency of the equipment is around 40-45 J/TH. More advanced mining farms have even better equipment working at 60 J/TH.
3. Currently electricity's price for industrial use in the US is about 6-7 cents per kWh. Poolin, for example, offered 4 cents on its electricity contract in Texas. The price for electricity in Kazakstan and Russia's Irkutsk is around 2 cents - the two locations where some Chinese miners have been moving over the last six months. There are also examples of mining farms that are directly connected to power plants like Greenidge Generation. Such companies generally work without intermediaries.
Therefore, bitcoin's cost bottom price is not 15,000 USD at all, but is around 3,000-5,000 USD.
Can the price go below the cost production price?
Undoubtedly! Gold, oil and bonds - all of them had negative yields more than once over the past 60 years. A striking example is 20 April 2020, when the price of WTI crude oil fell below zero to -37 USD. Therefore, bitcoin's short-term drop to 1,500 USD is feasible and may well materialize.
Keep in mind that price action is fundamentally dependent on macroeconomic factors and the expectations of large speculators. Media feeds are always made for the crowd! As the saying goes, what every taxi driver knows - is no longer the news.
Bitcoin - value of S2F model and TA on 1MMany bitcoin investors believe in the S2F (Stock to Flow) model and expect bitcoin to rise to 100,000+ USD any time soon. The model advocates that an asset has a production/supply limit, for example, like gold and silver and therefore, in the long run, such an asset will only grow in value. This is all true!
Hard asset
Bitcoin has a limited supply of 21 million. This makes it a hard currency, so by 2040 one can expect it to be worth 1 million USD per unit. By that time, Bitcoin will mainly be used as a banking transactions' instrument, while for investment purposes a new fork will be created most likely.
What's the buzz?
If you are a long term investor and time is on your hands, then simply wait another 15-20 years and you'll collect your jackpot. However, if you are a trader on 1D, then you should take into account that bitcoin is a high-risk asset due to its volatility, it runs in cycles that are determined by macroeconomic factors and its drop to 10,000-7,000 USD is more than real. If in doubt, then take a look at US Binance on October 21, where the price of bitcoin fell by 87% from 65,000 USD to 8,200 USD within a minute.
It's important to remember that the cost of bitcoin is primarily the cost of electricity used for mining + the cost of its farm's infrastracture. For large industrial farms, such as Poolin, Bitmain, Crypto Scientific etc. that make up the main share market - the cost per bitcoin is around 3000-5000 USD. Everything else is mere speculation and the belief in hard asset. So ask yourself - under what circumstances can the price of bitcoin fall in the S2F model?
A simple example of a cycle
Take any famous artist. During his life, he can create only a certain number of paintings. The price of a painting grows progressively as the artist becomes more famous and demand for his work increases. This is a S2F model. A painting's cost bottom remains unchanged - it includes the canvas, paints for drawing and the time it takes to create the masterpiece. All of a sudden a global war arrives. There is misery and hunger! This is a cycle. During this period, an artist's painting loses its value and is sold for a loaf of bread.
Recession
In this insance, bitcoin's war is a global recession that has already begun. This is confirmed by US bonds' price inversion. As in the last 9 recession cycles over the last 60 years such course was always followed by a market crash. Based on previous cycles, the recovery of the US economy took an average of 9-16 months. Hence, we are looking into 2023 at least before any further growth!
TA on 1M
The blue curve is now flat at the top. The upward blue trendline was broken back in November 2018. In June 2021, the price exited the green wedge and bounced off it in October 2021. Two days ago the price broke through the second pink wedge, so far only as a shadow, but it is only the beginning of the month. RSI has a clear price divergence. MACD is at the peak of a rising wedge. RVI has broken through 50. Vertical volumes keep falling while price rises.
December 2 BTCUSD Bybit Chart Analysis
Hello ,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 2.
It is a move after the final finish on December 1st.
In a short position strategy,
Checked for supportive movements. strategy modification.
Arrow on the path
It was a long -> short -> long switching strategy.
Achieved a total profit of about $2000
The purple support broke off the last long switching.
Unfortunately, it was pushed to the green support line.
Basically, the 4-hour chart MACD dead cross was engraved.
Fortunately, I didn't deviate too much.
Let's take a closer look at the details
4 hour chart
Approximate top price and bottom price are displayed.
It's still a dangerous section.
6 hours -> 12 hours if MACD deadcross is connected
It could go down to the bottom section, or even the dark blue support line.
It's still going sideways, But so the pattern is being maintained.
It is good to remember the risk factors.
The recent trend is correction after a rebound.
Apparently today's candle ,
Since there is no wave yet, the possibility of a sideways movement is high.
I'm trying to put some weight on the sidewalk and move on.
around the green support line
Check the red up/light blue down movement path
I made today's trading strategy
A 30-minute chart one-way neutral strategy.
It is a section with many variables.
One insurance is planted at the highest and lowest points, so please refer to it.
(red arrow / purple finger)
* When the light blue finger moves
Long -> Short -> Long -> Short Switching Strategy
This is an area where a sudden trend may appear.
Still, I put weight on the possibility of sideways
1) $55308 long position entry section / Stop-loss price when breaking the orange support line
2) $56269.5 short position entry section / Stop loss when the orange resistance line is broken
-> The important part here is, if the orange resistance line is broken
Because it is a strong rebound section, it can be connected to the red arrow section at the top.
3) $53244.5 long position switching section / Stop loss when breaking off the sky blue support line
-> This is the strategy for the possibility of sideways movement.
After the retracement, the degree of finishing to the right is expected
4) The final rebound section that comes out when reaching the light blue finger and purple finger sections
$58661.5 Long position target and short position entry section / Stop loss when breaking the sky blue resistance line
5) $54300 short position target and long position switching section / Stop loss, refer to the shape of the support line
I think it will be like this
If you reach the purple finger zone today
On the main chart, there are major support lines and danger signals in the danger zone.
Even if there is a strong rebound
Because it is a MACD dead cross on the main chart.
Until an additional main stick is created, keep pressing or shaking it until the next week.
Afterwards, an upward trend can occur
Principle trading / Stop loss is essential, and operate safely.
Thanks for reading
BTCUSD Bybit Chart Analysis July 30
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 30 th .
Yesterday I wasn't feeling well.
I haven't written an analysis
After writing the analysis on the 28th
The fluctuation range was less than $2,000.
6 hour chart MACD deadcross progress.
Further bullish vs 12-hour MACD deadcross
I think the direction will be decided.
4 hour chart
Today's approximate Top/Bottom price is displayed.
If the uptrend continues today,
Up to the weekend in July
You can reach $44549.
Based on the purple parallel line support
red up trend / sky blue Down trend
I made today's trading strategy.
30 minute chart long position strategy
Personally, I put weight on the arrow movement path.
Since the current convergence section is small, we proceeded carefully up to the sky blue downward movement path.
Upward or strong decline I have prepared two
I ignored the extreme sideway move,
but the orange resistance line / purple support line within a small convergence zone.
If there is little movement and the wave is small, it will be polar sideway move, right?
according to a detailed strategy
The smile section at the top is green / the danger section at the bottom is orange
has been changed
* red arrow moving route
long position strategy
40224 Long position entry section / Stop loss when the purple support line is broken
$41518 when the top target price is reached
I think it would be better to use tracking stop loss.
it's a bit ambiguous here
Whipsaw conditions are currently established, but because it is also connected to an uptrend
For those who want to hold short, hold your hand short and proceed.
When this section is broken, it can reach the dark blue resistance line at the top.
Because the resistance line is also gathered at the top of the pattern.
I have prepared with a good right-of-way strategy.
For beginners, it seems advantageous to wait for an additional long position after the top section.
* When the light blue finger moves
Short -> Long Switching Strategy
$39769.5 short / Stop Loss when the orange resistance line is broken
$38173 Long Position Switching / Stop Loss When Breaking Orange Support Line
If the rebound is not good, it can fall to the maximum bottom section.
Please note
We hope that you operate safely as a principle of trading / stop loss is essential.
Depending on the situation, additional comments may not proceed.
Have a good weekend.
thank you.
BTCUSD Bybit Chart Analysis July 28
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 28 th .
This is a private comment on the 27th
37055.5 Long Position / $ 1308 Profit
38423 Short Position / $732.5 Profit
37633.5 Long Position / $1805 Profit Zone
In a short time, I caught all of the switching sections.
Congratulations to all who made a profit.
4 hour chart.
Today's approximate Top and Bottom prices are displayed.
Based on the green support line in the middle
Red Up trend / Light Blue Down Trend Move Check
The sideway move was ignored.
Today's main point is
Additional bullish VS 6 hour chart MACD dead cross
I made today's trading strategy.
This is a 30-minute chart long position strategy.
* When the red arrow moves
Long Position Strategy.
$38360.5 Long position entry section / Stop loss when breaking the green support line
The final target is the Top section,
Feel free to keep the trend going.
In the consolidation case, the final target is the sky blue resistance line.
* When the light blue finger moves
Short -> Long Switching Strategy
$38360.5 short position entry section / Stop loss when breaking the orange resistance line
36564 long position switching / Stop loss when the red support line is break away.
On the rebound, the orange resistance line is $38913.5.
depending on whether or not
Tomorrow's direction will be decided
No further comments will be made this afternoon.
Principle trading / Stop loss is essential, I hope that you operate safely.
thank you.
July 28 BTCUSD Bybit Chart Analysis
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 28 th .
This is a private comment on the 27th
37055.5 Long Position / $ 1308 Profit
38423 Short Position / $732.5 Profit
37633.5 Long Position / $1805 Profit Zone
In a short time, I caught all of the switching sections.
Congratulations to all who made a profit.
4 hour chart.
Today's approximate Top and Bottom prices are displayed.
Based on the green support line in the middle
Red Up trend / Light Blue Down Trend Move Check
The sideway move was ignored.
Today's main point is
Additional bullish VS 6 hour chart MACD dead cross
I made today's trading strategy.
This is a 30-minute chart long position strategy.
* When the red arrow moves
Long Position Strategy.
$38360.5 Long position entry section / Stop loss when breaking the green support line
The final target is the Top section,
Feel free to keep the trend going.
In the consolidation case, the final target is the sky blue resistance line.
* When the light blue finger moves
Short -> Long Switching Strategy
$38360.5 short position entry section / Stop loss when breaking the orange resistance line
36564 long position switching / Stop loss when the red support line is break away.
On the rebound, the orange resistance line is $38913.5.
depending on whether or not
Tomorrow's direction will be decided
No further comments will be made this afternoon.
Principle trading / Stop loss is essential, I hope that you operate safely.
thank you.
BTCUSD Bybit Chart Analysis July 27
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 27 th .
This is the analysis of the 27th.
$38365.5 entered long position
Up to $2195 profit segment.
After that, whipsaw happened.
It broke the final pink support line.
4 hour chart.
At the bottom, the 4-hour chart MACD dead cross is waiting.
Approximate top price of the day, check bottom price
Based on the orange support line in the middle
red top / sky blue bottom
I made today's trading strategy.
This is a 30 minute chart long position strategy.
Purple resistance / over shuting section
In case of vertical drop, it can fall to the maximum bottom section.
Comments this afternoon will be private.
* When the red arrow moves
long position strategy
37367.5 USD Long position entry / Stop loss when breaking the orange support line
At the top, $39360.5 is a long position target.
You can take the trend with a stop loss correction
* When the light blue finger moves
Short -> long switching strategy.
$37066.5 Short position entry price /
Stop Loss when the Bollinger Band's 30-minute resistance is broken
$35615 Long position switching / Stop loss when the green support line is broken
Today's strategy is here
On condition that it does not deviate from the orange support line
Good moves can come from altcoins
I hope that you operate safely as a principle of trading / stop loss is essential.
thank you.
July 27 BTCUSD Bybit Chart Analysis
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 27 th .
This is the analysis of the 27th.
$38365.5 entered long position
Up to $2195 profit segment.
After that, whipsaw happened.
It broke the final pink support line.
4 hour chart.
At the bottom, the 4-hour chart MACD dead cross is waiting.
Approximate top price of the day, check bottom price
Based on the orange support line in the middle
red top / sky blue bottom
I made today's trading strategy.
This is a 30 minute chart long position strategy.
Purple resistance / over shuting section
In case of vertical drop, it can fall to the maximum bottom section.
Comments this afternoon will be private.
* When the red arrow moves
long position strategy
37367.5 USD Long position entry / Stop loss when breaking the orange support line
At the top, $39360.5 is a long position target.
You can take the trend with a stop loss correction
* When the light blue finger moves
Short -> long switching strategy.
$37066.5 Short position entry price /
Stop Loss when the Bollinger Band's 30-minute resistance is broken
$35615 Long position switching / Stop loss when the green support line is broken
Today's strategy is here
On condition that it does not deviate from the orange support line
Good moves can come from altcoins
I hope that you operate safely as a principle of trading / stop loss is essential.
thank you.
BTCUSD Bybit Chart Analysis July 26
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 26 th .
After entering a long position last week,
The maximum is $7898.5 profit section.
Congratulations to all who made a profit.
4 hour chart.
Today's Approximate Top Price / Bottom Price Check
Red movement route up / Sky blue movement route down
Created today's trading strategy.
This is a 30 minute chart long position strategy.
Today's analysis is difficult.
I have come up with two strategies: strong bullish or downtrend.
When the red arrow moves,
long position strategy
$39914.5 long position entry
The Top section is the target.
Because stop loss is difficult to operate separately
See you in add comments.
From the current position, when the purple support line is broken
$35142 long position entry
Stop loss when the green support line is broken.
Principle trading / Stop loss is essential, I hope you can trade safely.
thank you.
July 26 BTCUSD Bybit Chart Analysis
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 26 th .
After entering a long position last week,
The maximum is $7898.5 profit section.
Congratulations to all who made a profit.
4 hour chart.
Today's Approximate Top Price / Bottom Price Check
Red movement route up / Sky blue movement route down
Created today's trading strategy.
This is a 30 minute chart long position strategy.
Today's analysis is difficult.
I have come up with two strategies: strong bullish or downtrend.
When the red arrow moves,
long position strategy
$39914.5 long position entry
The Top section is the target.
Because stop loss is difficult to operate separately
See you in add comments.
From the current position, when the purple support line is broken
$35142 long position entry
Stop loss when the green support line is broken.
Principle trading / Stop loss is essential, I hope you can trade safely.
thank you.
BTCUSD Bybit Chart Analysis July 23
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 23 th .
The 22nd is a private comment.
It was a short -> long switching strategy, but
There is no trend
Upward finish.
Orange resistance -> pink resistance -> sky blue resistance is trying to break through.
Overall, it was an upward sideway move.
4 hour chart.
I cleaned it up as neatly as possible.
It looks messy.
Today's Top Price / Bottom Price Check
based on the orange support line
red top / sky blue bottom
I made today's trading strategy.
This is a 30 minute chart long position strategy.
To be precise, it is a short -> long switching strategy.
based on Bollinger Bands
The resistance line on the 2 hour chart was touched.
This criterion is the maximum sideways consolidation.
In the case of a vertical uptrend or an uptrend, today's trading strategy will fail.
Bollinger Bands 2-hour chart resistance line -> 2-hour chart support line touch strategy.
1. Purple Parallel Line Strong Rise
2. Orange parallel line to the right
(Target the top section of the sky blue resistance line)
* When the red arrow moves,
$32031 long position switching / Stop loss when the green support line is broken
33052 target.
If the variable appears,
See you in the final comment in the middle.
If there is no problem, we will end here today.
Principle trading / Stop loss is essential, and operate safely.
Have a good weekend
Thank you
July 23 BTCUSD Bybit Chart Analysis
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 23 th .
The 22nd is a private comment.
It was a short -> long switching strategy, but
There is no trend
Upward finish.
Orange resistance -> pink resistance -> sky blue resistance is trying to break through.
Overall, it was an upward sideway move.
4 hour chart.
I cleaned it up as neatly as possible.
It looks messy.
Today's Top Price / Bottom Price Check
based on the orange support line
red top / sky blue bottom
I made today's trading strategy.
This is a 30 minute chart long position strategy.
To be precise, it is a short -> long switching strategy.
based on Bollinger Bands
The resistance line on the 2 hour chart was touched.
This criterion is the maximum sideways consolidation.
In the case of a vertical uptrend or an uptrend, today's trading strategy will fail.
Bollinger Bands 2-hour chart resistance line -> 2-hour chart support line touch strategy.
1. Purple Parallel Line Strong Rise
2. Orange parallel line to the right
(Target the top section of the sky blue resistance line)
* When the red arrow moves,
$32031 long position switching / Stop loss when the green support line is broken
33052 target.
If the variable appears,
See you in the final comment in the middle.
If there is no problem, we will end here today.
Principle trading / Stop loss is essential, and operate safely.
Have a good weekend
Thank you
BTCUSD Bybit Chart Analysis July 21
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 21 th .
Yesterday there was a vertical decline.
In the final finish that I left behind,
in the purple parallel line The sideway move is finished.
4 hour chart.
Today the difficulty is very high
Today's Top Price, Bottom Price Check
There are death 1 and death 2 sections,
This section is the entire bottom section of the candle.
Variables may appear depending on the situation.
purple parallel lines,
It is the lifeline of a long position.
Check the red up trend / light blue down trend path
I made today's trading strategy.
30 minute chart neutral strategy.
For the foreseeable future,
Proceed only with an up-and-down two-way strategy
The sideway move was ignored.
* When the red arrow moves
Long Position Strategy.
Short position operation is also possible depending on the situation.
$29356 Long position entry price / Stop loss when the purple support line is broken
Top price $30949.5 is the final target
* When the light blue finger moves
Short -> long switching strategy.
After touching to death 1, death 2 section,
Short on the coming rebound
$29253 Short position entry / Stop loss when the green resistance line is broken
After that, the green support line, the purple finger at $27,866.
If you succeed in rebounding without leaving sideways.
In case of further departure,
27866 Entered into a short position
$27023 Long position switching / Stop loss when break away the red support line.
Beginners are advised to take a break from trading.
When the direction is decided in the afternoon,
Focus on short-term investments.
Principle trading / Stop loss is essential, I hope you can trade safely.
Thank you.