BTCUSD Bybit Chart Analysis August 5

BYBIT:BTCUSD   Bitcoin / U.S. Dollar


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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 5 th .

This is the movement after writing the analysis on August 4th.

Contrary to expectations, there was a strong rebound.

Breaking through the red resistance line -> breaking through the orange resistance line -> breaking through the purple overshooting zone.

I reached the final top section.

From the current position, further uptrends and downtrends will be split.

4 hour chart.

Today's approximate Top and Bottom prices are displayed.

around the green support line,
direction is determined.

Check the red up trend /light blue down trend movement path.

If you break through the Top section at the top, it is a safe section.
When the pink resistance line is reached, it is bullish .

I made today's trading strategy.

30 minute chart neutral strategy.

As described above, it is a section where the upper and lower parts are clearly separated.

The uptrend is centered on the green parallel support line
I think it would be good to see the downward trend as the center of the orange parallel line support line.

* When the red arrow moves

long position strategy

$39541 Long position entry section / Stop loss when breaking the green support line

The final target will be the Top section.

When this section is reached, stop loss correction
You can keep the trend going.

* When the light blue finger moves

Short -> Long Switching Strategy

It continues to flow in a downward-right direction without rebounding.
It is a strategy for a wave after a weak rebound.

$39541 short position entry section / Stop loss when the red resistance line is broken

$38456.5 Long position switching / Stop loss when breaking the orange support line

In the case of extreme Sideway move, the red resistance line / green support line converges at the convergence section.
Will it proceed without waves or motion? If so, the orange parallel support line and resistance line
You just need to operate

Principle trading / Stop loss is essential, and operate safely.

It's not enough, but thank you for reading.
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