BTCUSD Bybit Chart Analysis August 4

4 Ağu 2022

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 4.




After writing the analysis on August 3rd, I will check the movement.

This is the move since Bitcoin's last comment.
I marked the main sections with black fingers.

After entering the long position chasing $22844.5 for the first time
Achieved up to $802.5 profit section

I marked pink support line -> purple support line
(Not serving as a support line for overshooting) is breaking away.

I think you made good use of the stop loss correction.


Unlike the Nasdaq, up to the price indicated above
I couldn't reach it.

Bollinger Bands 4-hour resistance wire failure /
The daily chart MACD dead cross is under pressure.

Until the most recent gap retracement section
Shortly thereafter, the fluctuation is less than $1,000
The extreme sideways movement is in progress.

Yesterday's red resistance level breakout
Let's take a look at the whole thing step by step.

See you in the Today analysis article.







4 hour chart

Today's approximate Top and Bottom prices are displayed.
When you touch the Daily Candle Middle line
In the mid-term trend, the pattern is broken.


around the purple support line
Check the red up/light blue down movement path

How is the daily Bitcoin daily chart MACD dead cross?
It seems that the direction will be decided depending on the progress.


I made today's trading strategy.








This is a 30-minute chart arrow one-way long position strategy.

It's not a long shot, but a short position with a variable is also added.


Recently, daily Nasdaq analysis and Bitcoin analysis were conducted at the same time.
My health deteriorated a lot because I worked until late at night.

My immunity has been greatly reduced.

For the time being, we will keep the analysis as simple as possible.
Let's proceed by focusing on the final comment.


Daily chart MACD dead cross is in progress.
The seat is difficult, but I ignore the dead cross
I chose an uptrend.

I think that Gap retracement should come out
The Nasdaq movement is also good, because today's final support line is the 1-hour support line.
It seems likely enough.

Other than that, there is a high possibility of sideways trading in a similar form to yesterday, so please read the analysis carefully.

Long short entry / Before entry / Those who operate spot exchanges
I would like to ask for a simple reference in each position.



* When the red arrow moves

Long -> Short -> Long -> Short Switching Strategy

1. Start with the first $23116 chase long.
The purple parallel line is the lifeline

It was a full candle and it broke right away, but I ignored it because it was morning and I was walking sideways.
Ignoring sideways trade We also ignored the Nasdaq correction.

2. $23452 short position switching section / Stop loss when the pink resistance line is broken
If there is a sideways trend today, the light blue finger I marked at the bottom
Please note that the decline could reach the green support line.

3. 23207.5 USD long position switching / Stop loss when the purple support line is broken
If the trend dies from here, it may break out to the green support line, so check it.

The final target is the same as yesterday, Gap retracement + Top price.

After that, check the daily chart MACD dead cross movement
Correcting a long stop loss or operating a short short position seems advantageous.


If today's green support line is broken, all strategies will fail.

In case of a vertical downtrend or a downtrend
Please pay attention to the blue support line -> blue support line at the bottom.


In the case of the spot exchange, the job alt is operated until the afternoon.
In the long position switching section, it is a major altcoin operation.

Check whether the trend is dying and the shape of the support line is safe

In principle, stop-loss is essential for safe operation.


My analysis is for reference only.

Don't swear by it, just use it as much as you can.


thank you.

4 Ağu 2022

İşlem kapandı: durdurma seviyesi

It's also not easy.

Failure to break through the pink resistance line
It broke the purple support line and proceeded with a stop loss treatment.

The up-and-down fluctuation range is within the $500 range.

I left the details in the analysis,
Based on the parallel line I drew,
I wish you good luck with the rest of your time.

Thank you.

4 Ağu 2022

İşlem aktif

This is the final Nasdaq final before the move.

Please refer to those who operate the ship/beat.

4 Ağu 2022

Not

Hello

It's a Bitcoin guide

I will check the movement after writing the analysis on August 4th.



This is the move since the last comment on Nasdaq.
I marked the main sections with black fingers.

The polar sideways movement has ended within the dark blue resistance/green support line.



Bitcoin movement since the last comment.
I marked the main sections with black fingers.

Daily chart MACD dead cross in progress
The match was within the purple resistance/green support line.

$23105.5 in short -> long switching strategy
In the end, the green support line breaks out -> touches the daily center line
From a long position standpoint, I made the worst choice.

Yesterday after the breakout of the purple support line and the stop loss -> until the breakout of the green support line
The strategy has completely failed.

Those who are entering a short position
With the stop loss correction, I hope the operation goes well.


Failed to break through the purple resistance line indicated,
Even the sky blue finger section is not touched
Downward finish.

In the mid-term trend, the pattern is broken.
Daily chart MACD dead cross is in progress.

I feel like my head is going to hurt from today,
I'll take a look at it in its entirety and see you in the analysis article.

thank you