Bitcoin Bybit chart analysis August 5

8月5日

Hello

It's a Bitcoinguide.

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This is a 30-minute Bitcoin chart.
The analysis took a long time because it is a place to test whether the current position is a meaningful section or not.
Because the difficulty level increases a lot,
Beginners must be careful.

Continue to pay attention to the Nasdaq variable,
and when Nasdaq falls, it couples with Bitcoin.

In the case of Tether Dominance,
it touched the center line of the Bollinger Band monthly chart.
In fact, other than looking at the entry timing or pattern,
it is greatly affected by the Nasdaq movement,
so it is not very important.

There is no place to eat Bitcoin as a short,
but
there is no reason to raise it strongly today,
and I am watching Nasdaq.

I created a strategy based on the sideways market.

*When the blue finger moves,
it is a two-way neutral strategy.

It is a short->long or long waiting strategy.

1. $52,756 short position entry section / stop loss price when pink resistance line is broken
2. $49,293 long position switching / stop loss price when green support line is broken
3. $54,093 1st -> 1st section 2nd target -> short switching when top is reached

The final short position will probably be autonomous trading depending on the situation.

The movement of Tether dominance is important,
While touching the center line of the Bollinger band monthly chart,
It is important whether the adjustment will continue immediately or whether the sweep will be connected.

The pattern is alive and the uptrend is strong.

It may fall from the current position immediately,
or after shorting, the 2nd section at the bottom may become a double bottom section (Tether dominance sweep condition),
and if it rebounds in the 2nd section,
it may shoot strongly upward, so it is dangerous,
but it is a good position for profit and loss ratio.

Short->long or 2nd is the final long waiting strategy, and
when the 2nd section is reached,
it seems more advantageous to modify the long position stop loss price than to switch short.

Please note that today's bottom
may be pushed up to the 3rd section depending on the situation.

Up to this point, I ask that you simply use my analysis for reference and use only.

I hope that you operate safely with principle trading and stop loss price.

Thank you.

8月5日

交易進行

NASDAQ unconditional coupling!

The viewpoint is the same,
but I moved the long switching point a little higher at the bottom.

The purple finger long switching point is 49731.5 dollars.

Thank you.

8月6日

交易結束：達到停損點

Hello
This is Bitcoin Guide.

I will check the movement after writing the analysis article on August 5th.



This is the Nasdaq 30-minute chart.
I marked the main sections with black fingers.

In the sky blue finger short->long switching strategy,
it first touched the 17412.2 point at the bottom
and then broke through the orange resistance line at the 18000.5 section.

There were no particular issues,

but after the Black Monday began and the strong plunge without a reason,

it looks like a reversal phenomenon consolidation.

It ended with an upward rebound without any basic waves.

Yesterday's movement created a Gap 18024.7 section at the bottom
and a Gap1 section at the top. Bollinger Band 4-hour chart is also before touching the center line,
but it's been a challenge since the morning haha

Looking at the overall direction,

the upper gap recovery after the lower gap seems advantageous for long positions,

I'll explain the details together in the afternoon analysis article.



This is a 30-minute Bitcoin chart.

I marked the main sections with black fingers.

In the sky blue finger short->long switching strategy,

after entering a short position at the top at $52,756,

I broke through the pink resistance line,

and cut my loss briefly.

After the blind coupling with Nasdaq,

I reached the target price number 1 that I marked.

Yesterday, in order to operate a little more stably,
I waited for a long position in a short->long or sweep,

but it ended after rebounding without waves.

Unfortunately, I did my best to confirm the direction, and the positions continue to come out.

In the case of yesterday,
If it was not a long or a chase purchase,

it was a position that could not make a profit.

In general, such an unjustified rebound

can lead to an unjustified decline, so you should be careful.

After drawing the overall picture yesterday,

It seems that the direction will be greatly divided before and after the current low point.

Also, it is ambiguous to say that the current rebound is a true rebound.

I will examine it overall in line with the Nasdaq movement.

Thank you.