BTCUSD Bybit Chart Analysis August 2

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Only 30 Min chart ,
In real time, you can check major sections and move,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 2 th .

This is the movement after the analysis was written on July 30th.

short -> long switching strategy.

Maximem $ 4600 after profit

The marked , purple parallel line break away
-> It broke out to the red support line.

After completing the return of the gap section.

The adjustment is coming out strong.

4 hour chart.

Today, the 12-hour chart MACD dead cross is in progress.

Approximate top price and bottom price are displayed.

Check the red up trend /light blue down trend movement path

centered on the green support line,

I made today's trading strategy.

30 minute chart neutral strategy.

Purple price red arrow / light blue finger
This is a duplicate section.

Please check the price on the right side of the blue horizontal line.

12 hour chart MACD dead cross is engraved.


* When the red arrow moves

Short -> long -> short -> long switching strategy.


If you only operate a spot exchange or are new to margin trading,
I think it would be good to start by waiting for a long position after checking the upward movement.


$ 40124 Short / Stop Loss on Orange Resistance

$ 38856.5 Long Position Switching / Stop Loss When Breaking Green Support Line.


The important part here is, if the breakout of the sky blue resistance line fails, sideway move finish

Because it is difficult to catch a stop loss line at the top price when it breaks through
I think it would be good to take the long position trend by correcting the stop loss.


If you catch it short, keep it short according to the situation.
It looks safe as long as you do not deviate from the maximum floor area of ​​$39,279.


* When the light blue finger moves

Long -> Short -> Long Switching Strategy


$38856.5 Long position entry section / Stop loss when breaking the green support line

40124 Short Position Switching / Stop Loss When Breaking the Orange Resistance Line
(Depending on the strength of the rebound, it may be a short position at $39266.5.)

$37602 Long position switching / Stop loss when breaking the sky blue support line

At this time, check if the 38780 orange resistance line on the right is completely broken.
If the breakout fails, you may switch to a short position.


As announced last week

Starting today, additional comments will be made voluntarily depending on the situation.

If you do, you can run it privately.
I hope you didn't wait too long


In principle, stop loss is essential, I hope that you operate safely.


thank you

Comment:

Trade active:

Order cancelled:

40124 Short / $ 1299 Profit