August 17th BTCUSD Bybit Bitcoin Chart Analysis

17 Ağu 2020

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 17th .








At the top, this is the 30-minute chart I left last week.


Without much fluctuation,
The uptrend sideway finished.

Orange trend line breakaway -> red resistance line break -> green support line breakaway.

The weekend gap difference price came back in the morning.





Day candle chart.

The purple section at the top is a strong uptrend

The red section at the bottom,
This is the newly created main candle and one candle bottom section.


Focusing on this part, I brought a trading strategy.











It is a 30 minute chart, one-way long position strategy.


On the weekend, there was a difference in balance between the futures market and the auxiliary indicator.

Also, I already touched the main support line in the morning.

It's a strategy for a slow rise upwards,

If the green line is deviated, it is a short stop loss trading strategy.


Thank you.