BitCoinGuide
Long

BTCUSD Bybit Bitcoin Chart Analysis for July 20th

BYBIT:BTCUSD   Bitcoin / U.S. Dollar





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I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 20th .







At the top, it is a 30-minute chart created last week.


In the blue finger section, the entry timing came out exactly,

Within the red parallel line,
The upward sideways finish was completed.


On the weekend, reached the final target,

Weekend gap difference, no problem.
The balance of indicators also seems to have no problem.





12 hour chart.

The rebound came out a little unfortunately today.

Today's main, key point.

Based on the Bollinger Band center line,
*MACD Golden Cross in progress at the bottom,

*Triangular convergence section,

Focused on the main sections checked and each
I have made a Trading strategy.







Today's trading strategy.


It's a 30-minute chart.

Rather than the possibility of vertical rise,
Movement is expected based on the upward sideways.


Based on the orange trend line and the resistance line at the top
I made a Trading strategy.

Blue movement path and long position entry section
Please pay attention to the timing.


When the orange trend line deviates,
Pay attention to the red finger section at the bottom.


Although unlikely,
When dropping vertically or red parallel line support
Please be careful.


In the spot exchange,
Long position entry timing only,

When moving in blue,
Major altcoin and bitcoin related stocks.

When moving to the red arrow section,
You can operate with other altcoins.


Thank you.



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Comments

Nice chart. It looks like last candle closed below your oranje trendline support and now it might retest it as a resistance. Thumbs up !
Reply
BitCoinGuide CryptOpportunity
@CryptOpportunity, Thank you :D
Reply
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