AUGUST 6 Bitcoin chart analysis

Aug 6

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, marked in turquoise, the strategy was maintained after entering the long position at $63,986.3 on August 5th.


*The strategy was maintained as is. *Long Position Strategy Before and After Touching Zone 1 (Purple Finger) at the Top

1) Purple Finger Zone 1: 64.8K Short Position Entry Zone
/ Stop Loss upon breaking the orange resistance line

2) Switch to Long Position at $64445.1 / Stop Loss upon breaking the purple support line

3) $65106.7 Long Position 1st Target -> Top 2nd Target Price
- If the strategy is successful, Zone 1 serves as a re-entry zone for the Long Position.

4) If the price fails to touch Zone 1 (Purple Finger) at the top and drops immediately:

Red Finger Zone 2 (Red Finger) at the bottom: $64049 Long Position Entry Zone / Stop Loss upon breaking the green support line

- The stop loss is the same for those currently holding a Long Position at 63.9K.

- Please be cautious, as the possibility of falling to the 3rd zone is open if the bottom zone is broken.


Please pay close attention to the real-time movements of the NASDAQ.
(Gold is surging on its own.)

Please use my analysis post merely as a reference and for practical purposes.

I hope you operate safely by adhering to trading principles and strictly using stop-loss orders.

Thank you.

Aug 7

Trade active

Hello.
This is the Bitcoin Guide.

Let's check the movements since the analysis post was written on August 6th.



This is the Nasdaq 30-minute chart.
I have marked the key zones with black fingers.
As the correction continued on the Nasdaq, I analyzed the movements to analyze Bitcoin.

After entering a long position at 29.2K (red finger zone 1) within the 1+4 pattern zone, the market closed in an upward-sloping sideways trend.

A new daily candle has formed today, and a rebound is currently underway.




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

In the bottom left, marked with a turquoise finger, I have connected the strategy exactly as it was for the long position entered on August 5th at the entry point of 63.9K. *Regarding the long position strategy, before and after touching Zone 1 (purple finger) at the top,

the price broke through the purple support line and fell near Zone 2 at the bottom.

After entering a short position at Zone 1 (64.8K) at the top,
it did not break through the pink resistance line,
but instead touched the long position switching zone at $64,445.1,
and finished in a sideways market.

A new daily candle has formed,
and it is consolidating near the long position switching zone of 64.4K.

Because it did not switch from Zone 1 to the long position in one go,
but instead bypassed near Zone 2 before coming down,
the candle formed to the right. While consolidating, it broke the purple support line,
but did not touch Zone 2 and remains near the 64.4K entry price.

* I will connect the strategy exactly as analyzed on the 5th and 6th,
maintaining the 64.4K long position,

and proceed with the strategy active.

Thank you.

Aug 11

Trade closed: target reached

Hello.
This is the Bitcoin Guide.

Let's check the movements since the analysis post was written on August 6th.



This is the Bitcoin 30-minute chart.
As Bitcoin moved sideways until yesterday, August 10th,

I was late in organizing the comments.


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

1) After entering a short position at $64,837 (zone #1 indicated by the purple finger at the top),

2) After switching to a long position at $64,445.1 at the bottom, the market closed in a sideways trend.

3) The next day, a daily candle was formed,

and the price strongly touched the target price of $65,106.7 at the top.

Perfect profit taking completed.

Thank you.