BitCoinGuide

BTCUSD Bybit Chart Analysis June 7

Long
BitCoinGuide Updated   
BYBIT:BTCUSD   None





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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 June 7th .








This is last weekend's move route analysis .

Light blue finger movement path.

A stronger-than-expected downward wave occurred,

Failure to break through the purple resistance line.
Walk sideways after reaching the bottom section at the bottom.

The gap section is the weekend gap difference.







4 hour chart.

Today's Top Price / Bottom Price Check

Based on the purple parallel support line,
Red up-trend and sky blue Down-trend

Focusing on the above,
I made today's trading strategy.






This is a 30 minute chart long position strategy.

It is a long-position strategy because it puts weight on the degree of retracement of the upward/weekend gap difference.
The Top section at the top has been changed a little more precisely.



Small ,orange resistance / purple support line convergence
Largely , within the red parallel resistance/support line.

I made a strategy for the day.


at current location

* When the red arrow moves

Short -> Long -> Short switching strategy.

The green resistance line is a difficult area to break through at once.
Failure to break through the green resistance line,
Within the green parallel line to the green support line
If you stay, you will be sideways.


Stop loss / short position when the green resistance line is broken

Stop loss / long position when purple support line is broken

Stop Loss / Short position when the red resistance line is broken
(You may take a long position by correcting the Stop Loss price depending on the situation such as the spot exchange)



* When the light blue finger moves

Long -> Short -> Long Switching Strategy

Don't break the purple support line
Crossing the orange resistance line


Stop Loss/Long position when the purple support line is broken
Stop loss / short position when the green resistance line is broken

Stop loss when the red support line in the final bottom section is broken
/ Up to long position switching


Here's today's strategy.

When I have time, I'll put it in the comments.


Thank you.


Trade active:
Trade active:
Order cancelled:

purple finger / green arrow
Failed to enter long position.
(It does not come down to the entry point.)

After that, the purple support line is strongly break away.
12 hour chart MACD deadcross progress.

Lower to the bottom section.


The trading strategy failed.

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