August 30 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.

It is a one-way long position strategy.

There is an indicator announcement on Nasdaq at 9:30 and 11:00.
I created a strategy focusing only on Nasdaq movements.

It seems like there are a lot of people holding long positions.

Also, in margin trading, you cannot be defeated by a battle of momentum.
I boldly went for a chase long position.


*Red arrow movement path


Long position strategy

1. Long position at $27328, stop loss when breaking out of the green support line

2. $28,239 long position primary target -> Good -> Top target price in order


My analysis up to this point is
Since the probability of success is very low, I ask that you simply use this as a reference.


Nasdaq movement is important today

Please pay attention to the movements of Nasdaq, which looks like it will plummet.


6 principles of trading / Don’t forget to stop loss

Thank you for reading today.

Trade active:

Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on August 30th.

This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.

Arrow movement path 15362.2 After long entry
End of upward sloping sideways trend

Although it did not rise strongly,
As expected, it showed an upward movement.

The pattern was finished neatly maintaining 30+1.

Bitcoin 30-minute chart.
Major sections are marked with black fingers.

Arrow movement path after entering long position at $27328
Extreme horizontal coverage ends without breaking out of the green support line.

The strategy was active.

As Nasdaq moves sideways, Bitcoin also shows no significant movement.
The pattern has been broken to some extent.

Let's compare it to Nasdaq and look at it overall.


See you later in the analysis article.


thank you

Trade active:

This is the Bitcoin 30-minute chart.

This is a real-time drawing section.


thank you