July 31 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
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This is the Bitcoin 30-minute chart.
Today at 9:15, FOMC indicators will be announced at 3:00 AM.
The Nasdaq will end with an upward rebound without a Gap reversal,
and the Bitcoin daily chart MACD dead cross will be imprinted today while moving sideways.
In the lower left corner, the 3rd section of yesterday's analysis article
After entering the long position at 65,323.5 dollars with the purple finger, we will continue the strategy.
*When the blue finger moves,
it is a two-way neutral
long -> short -> long switching strategy.
1. 65,937 dollars long position entry section / stop loss price when green support line is broken
2. 67,367.5 dollars short position switching / stop loss price when light blue resistance line is broken
3. 66,664 dollars long position switching / stop loss price when green support line is broken
(After additional daily candles are created tomorrow, check if MACD dead cross is imprinted
and then do the final long switch.)
Currently, the Bollinger Band 30-minute chart resistance line has been touched
and the short position operation section is until the pink resistance line is broken.
For those holding long positions, you can operate at the stop loss price when the green support line 2 section at the bottom is broken.
Up to orange resistance line 1 / green support line 2 at the top
is a sideways section.
The bottom has gone up
but
since additional candles on the 12-hour chart have not been created yet
the shape of the support line after 9 o'clock is important.
If you get off before 9 o'clock, look at it up to 3 times.
If the support line shape is supported after 9 o'clock,
You can see the bottom as a major support line.
Up to this point, please use my analysis as a reference only.
I hope you operate safely with principle trading and stop loss prices.
Thank you.
