AUGUST 5 Bitcoin chart analysis

Aug 5

Hello
It's a Bitcoin Guide.

My analysis is optimized for TradingView.
If you press the Replay button, you can check real-time movements.






This is the Bitcoin 30-minute chart.

*Long Position Strategy: Before and after touching the purple finger zone #1 at the top

1) After touching the purple finger zone #1 (Autonomous Short): Switch to a long position at $63,986.3 / Stop loss if broken below the green support line

2) $65,106.7 Long Position 1st Target -> Good 2nd Target

- If it drops immediately without touching the purple finger:
Enter a long position at zone #2 at the bottom, $63,586.9
/ Stop loss if broken below the light blue support line

Please be careful, as the price opens up to $62,672.1 at the very bottom from the point of breaking the bottom zone.

Please use my analysis post only as a reference and for general use.

I hope you operate safely by strictly adhering to trading principles and using stop loss settings as a necessity.

Thank you.

Aug 6

Trade active

Hello.
This is Bitcoin Guide.

Let's check the movements since the analysis post was written on August 5th.



This is the Bitcoin 30-minute chart.
I have marked the key zones with black fingers.


*Regarding the long position strategy following the path of the light blue fingers:

1. After entering a short position at $64,353.1 (zone #1 marked by the purple finger),

it did not break through the pink resistance line.

2. Successfully switched to a long position at $63,986.3 (zone marked by the light blue finger).
After rebounding to near the target price of the Top zone at the top,
the movement concluded.

This is a zone where a round-trip profit of about $1,400 is possible from the short to long switch.

A new daily candle was formed today,
touching the Bollinger Band support line,
and the rebound is continuing to near the Top zone.

This week, I have consistently failed to achieve a perfect result, falling short by just one wave.

I will continue the strategy by connecting the last 63.9K long position as is, processing it as "Active," and proceeding with the strategy.

Thank you.

Aug 11

Trade closed: target reached

The chart at the top is the Bitcoin 30-minute chart.

In the short-to-long switching strategy indicated by the light blue finger:

After touching zone 1 indicated by the purple finger, the light blue finger successfully switched to a long position at $63,986.3.

Reached the target price of the Top zone at the top.

Perfect take-profit execution completed.