August 25th BTCUSD Bybit Bitcoin Chart Analysis

25 Ağu 2020

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 25th .












This is a 30-minute chart created yesterday.


In the first Blue finger section,

The rebound came out.

Afterwards, the red resistance line -> the green support line was brokeaway.

Without much movement, it was finished sideway move.








It is a daily chart.

The daily candle creation location is not good.

Bollinger Band Centerline,
Created on the lower side.


In purple/orange, we have marked today's main section.


To keep the uptrend,

You must reach the purple section today,

It is dangerous if touch the orange line or Break away.


I came up with a trading strategy focusing on this part.






today's trading strategy.

It's a 30-minute salary chart, a neutral strategy.


I brought a trading strategy centered on the green support line.


Blue finger section /
Pay attention to the red finger section.

Today's analysis was late,

Immediately from the current position, vertical fall may occur.

It's a very dangerous position.


If you touch the orange line, or if Breakaway, it may fall strongly.

If you support it in the current position,

must break through the red resistance line.


Check each major section,
The operation of short trading is good.


On the spot exchange


Only with other altcoins, stop loss is required.

Running short only on the long-position entry section,
It's advantageous.

And It can be dangerous, so it is better to stop trading for about a day today.


Thank you.