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I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 30 th .
Yesterday I wasn't feeling well.
I haven't written an analysis
After writing the analysis on the 28th
The fluctuation range was less than $2,000.
6 hour chart deadcross progress.
Further vs 12-hour deadcross
I think the direction will be decided.
4 hour chart
Today's approximate Top/Bottom price is displayed.
If the uptrend continues today,
Up to the weekend in July
You can reach $44549.
Based on the purple parallel line support
red up trend / sky blue Down trend
I made today's trading strategy.
30 minute chart long position strategy
Personally, I put weight on the arrow movement path.
Since the current convergence section is small, we proceeded carefully up to the sky blue downward movement path.
Upward or strong decline I have prepared two
I ignored the extreme sideway move,
but the orange resistance line / purple support line within a small convergence zone.
If there is little movement and the wave is small, it will be polar sideway move, right?
according to a detailed strategy
The smile section at the top is green / the danger section at the bottom is orange
has been changed
* red arrow moving route
long position strategy
40224 Long position entry section / Stop loss when the purple support line is broken
$41518 when the top target price is reached
I think it would be better to use tracking stop loss.
it's a bit ambiguous here
Whipsaw conditions are currently established, but because it is also connected to an uptrend
For those who want to hold short, hold your hand short and proceed.
When this section is broken, it can reach the dark blue resistance line at the top.
Because the resistance line is also gathered at the top of the pattern.
I have prepared with a good right-of-way strategy.
For beginners, it seems advantageous to wait for an additional long position after the top section.
* When the light blue finger moves
Short -> Long Switching Strategy
$39769.5 short / Stop Loss when the orange resistance line is broken
$38173 Long Position Switching / Stop Loss When Breaking Orange Support Line
If the rebound is not good, it can fall to the maximum bottom section.
We hope that you operate safely as a principle of trading / stop loss is essential.
Depending on the situation, additional comments may not proceed.
Have a good weekend.
Short -> Long Switching $ 4600 profit