JULY 30 Bitcoin chart analysis

Jul 30

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.

In the bottom left, I have connected today's strategy by linking the long position entry point of $63,829—where I entered on the 29th (indicated by the purple finger)—exactly as it is.


*Long Position Strategy based on the red finger's movement path

1) $64,296.9 Long Position Entry Point / Stop Loss if the purple support line is broken

2) $65,258.5 Long Position 1st Target -> Target prices in the order of Top, Good

If the purple support line is broken, the price could fall to the Bottom zone at the bottom.

The green support line Bottom zone is a safe zone; if it is broken, the price could drop to a maximum of Zone 1.

Please use my analysis post merely as a reference and for practical application.
I hope you operate safely by strictly adhering to trading principles and using stop loss measures.

Thank you.

Jul 31

Order cancelled

Hello.
This is the Bitcoin Guide.

Let's check the movements since the analysis post was written on July 30th.



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

In the long position strategy indicated by the red finger, the market ended in extreme sideways trading without touching the entry point of the $64,296 long position.

A new daily candle was formed today, and after touching the target price of $65,258.5 at the top, a strong correction occurred down to the bottom zone.

Since there was no touch of the entry point, the strategy has been cancelled.

The entry point at $63.8K, indicated by the purple finger on the 29th, was closed after the target price touched $65.2K at the top.

Also, fortunately, the Nasdaq is successfully rebounding from the zone I explained, but now Bitcoin is the problem.

Let's take a look at the overall situation.


thank you.