BTCUSD Bybit Bitcoin Chart Analysis for July 17th

BYBIT:BTCUSD   Bitcoin / U.S. Dollar


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

It is a 30-minute chart created yesterday.

The blue movement path came out.

Did not Breakaway further,
After rebound within the convergence section,
Sideways finish.

Day candle chart.

At the bottom, the MACD deadcross was imprinted,
Yesterday's rebound was stronger than I thought,
And The Bollinger Band support line has risen.

Checked in the triangle convergence section,

Organized into 1, 2, 3 steps,
I have made a trading strategy.

Today's 30-minute chart / neutral strategy.

In the red parallel line / green parallel line,
See also movement.

I brought a trading strategy with the possibility of sideway move.

Overall, it is a risk section, And The downtrend is strong.

After leaving the red route,

If it is a normal pattern, check the NO2 section below.

In case of strong Downtrend or vertical drop
Please focus on the NO3 section at the bottom.

Have a good weekend.

Thank you.
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It bounced up off of the red trendline. Useful chart. Thanks for sharing.
Nice chart. It looks like there are chances it will get above purple trendline.
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