JULY 29 Bitcoin chart analysis

Jul 29

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.
The US FOMC indicators will be released shortly at 3 PM.
The Nasdaq has touched a major support line.

*Long Position Strategy based on the movement path of the red finger

1) Entry point for a long position at $63,829 / Stop loss if the green support line is broken.

2) 1st target for a long position at $65,120.5 -> 2nd target at the top zone of $65,995.7.

If the green support line is broken,
it could fall to the bottom -> up to zone 1 at most.
Zone 1 is today's major rebound zone.

Looking at the Nasdaq's movement based on short-term patterns,
an upward-sloping sideways market is expected,
and if it breaks below the previous low, it could lead to a mid-to-long-term decline.

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

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

Thank you.

Jul 30

Trade active

Hello.
This is the Bitcoin Guide.

Let's check the movements since the analysis post was written on July 29th.



This is the Nasdaq weekly chart.
After touching the Bottom -> Zone 2 at 23.7K yesterday, a rebound is currently in progress.

If it breaks below the 27037.34 point marked at the bottom,
when viewed on a candlestick chart, a mid-to-long-term decline may occur,
and Bitcoin may also be affected as it is coupled with this trend, so please keep this in mind.



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

In the Red Finger Long Position Strategy,
After entering a long position at $63,829, the price rose by $736 but failed to break through the pink resistance line.
It then breached the green support line and closed in a severe sideways market.

With the formation of a new daily candle today, the price has broken through the pink resistance line and is currently rebounding.

I will activate the strategy and connect today's strategy with the condition of maintaining the long position at $63.8K.

Thank you.

Jul 31

Trade closed: target reached

This is the Bitcoin 30-minute chart.

After entering a long position at $63,829 (purple finger), the target price of $65,258.5 was touched at the top.

Perfect take-profit execution completed.

Thank you.