BitCoinGuide

BTCUSD Bybit Chart Analysis August 16

Long
BYBIT:BTCUSD   Bitcoin / U.S. Dollar






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Only 30 Min chart ,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 16 th .









This is the movement after writing the analysis on the 13th.

Along the orange parallel line,
Long position $4422 profit section

After breaking through the orange parallel line resistance

A Gap has been reached.

( Futures market closing price)









4 hour chart.


As you can see, in the 4 hour, 6 hour, and 12 hour charts
All MACD Golden Cross is waiting

Today's approximate Top/Bottom price has been displayed.

Based on the purple parallel support line

made a red upside / light blue downside trading strategy.










This is a 30 minute chart long position strategy.


purple parallel line vertical rise.

Orange parallel line sideway move.


Strong bullish and strong correction sideways are a strategy that ignores the strategy.


* When the red arrow moves

long position strategy

$48160.5 Long position entry section / Stop loss price when the purple support line is broken
(In the case of vertical ascent, you can continue to ascend without giving an entry position.)


The final target is the top price of 50945.5 dollars.

When this section is reached, except for the main peak chart
All uptrends are complete, daily chart MACD dead cross can be ignored


I think you can keep the Up trend going.



* When the light blue finger moves

Short -> Long Switching Strategy


Does it matter if it breaks the purple support level?

If it succeeds in rebounding from $45842.5
Orange parallel line to the right sideways finish


In case of further decline, the final bottom is $45039 long position switching / Stop-loss price when the red support line is broken





If you only look at the outline today, you can see the red arrow moving route.
Depending on the timing of the long position
Bitcoin + Major Altcoins Strong Rise


When the light blue finger moves
ETC alt circulation pumping -> I think it will be about a major altcoin


Today, I will wrap up the analysis without further comments.


Have a nice holiday everyone


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