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Only 30 Min chart ,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 18 th .
This is a private comment on the 17th.
Red finger long position / $ 1548.5 profit zone
Pink breakaway / short position switching /$2013 profit zone.
4 hour chart
The dead cross was engraved.
However, variables can occur.
Bitcoin is making a new wave in the middle recently.
So I restart my PC in the evening,
It is a situation where you need to check the real-time movement and operate it.
Today's approximate top price / bottom price
Based on the convergence section of the green resistance line / red support line
red top / sky blue bottom
Created today's trading strategy.
30 minute chart neutral strategy
Top price change according to the situation
I have created an orange parallel line and marked the smile section.
I've been busy with work lately, so I don't think I'll have time to look at the charts.
Today, I decided on the variable of the variable and proceeded.
I don't know if I need a separate comment.
All trading strategies will fail when the bottom of the final red support line is broken.
So, my analysis is for reference only.
* When the red arrow moves
Long -> Short -> Long Switching Strategy
After breaking through the green resistance line, enter a long position at $44677 /
Followers who are going to stop losing are autonomous (I think it might be about 15 or 30 minutes of ballinger bands support line)
The final target is $46,152 tracking stop loss near the top
If breakthrough is successful,
Red resistance line but unlikely to break through
Short based on the orange resistance line Stop Loss -> Final Bottom section $43459.5 Long position switching / Stop Loss when the red support line is broken
* When the light blue finger moves
long position strategy
$ 43395.5 Long position entry section / Stop loss when breaking the red support line
The final target seems to be the top price.
If you succeed, you can keep the long position without worrying about it again.
This section is the major support line in my opinion.
If the vertical decline or the red/green support line is damaged or broken,
Your trading strategy will fail.
That's all I can explain
I hope investors make a good decision.
Principle trading / Stop loss is essential, operate safely
In the afternoon, additional comments will be made depending on the situation.