AUGUST 5 Bitcoin chart analysis
BTCUSD Perpetual Contract BYBIT:BTCUSD.P
Hello
It's a Bitcoin Guide.
My analysis is optimized for TradingView.
If you press the Replay button, you can check real-time movements.
This is the Bitcoin 30-minute chart.
*Long Position Strategy: Before and after touching the purple finger zone #1 at the top
1) After touching the purple finger zone #1 (Autonomous Short): Switch to a long position at $63,986.3 / Stop loss if broken below the green support line
2) $65,106.7 Long Position 1st Target -> Good 2nd Target
- If it drops immediately without touching the purple finger:
Enter a long position at zone #2 at the bottom, $63,586.9
/ Stop loss if broken below the light blue support line
Please be careful, as the price opens up to $62,672.1 at the very bottom from the point of breaking the bottom zone.
Please use my analysis post only as a reference and for general use.
I hope you operate safely by strictly adhering to trading principles and using stop loss settings as a necessity.
Thank you.