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.
As for the Nasdaq, due to the MACD dead cross on the 12-hour chart,
it appears highly likely that it will trade sideways until tomorrow.
*Long Position Strategy (Around the time of the purple finger touch #1 at the top)
1) After confirming the touch of $63.7K in the purple finger zone #1,
the entry point for the long position is $63,450.9 (light blue finger) / Stop loss if the green support line is broken.
2) $64,324.5 is the first target for the long position -> Target prices in the order of Top, Good.
- If the target price of $64.3K is reached, use the $64,038.4 range to re-enter the long position.
3) If the price fails to touch zone #1 and drops immediately:
The entry point for the long position is $63,150.2 in the red finger zone #2 at the bottom / Stop loss if the green support line is broken -> Remaining target prices remain the same.
- The Bottom zone at the bottom is a mid-term uptrend line, so
it is not advisable if it breaks, as further declines could occur.
The limit is open up to a maximum of $62,448.8.
Please use my analysis posts merely as a reference and for practical purposes.
I hope you operate safely by strictly adhering to trading principles and stop-loss orders.
Thank you for everything.
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.
As for the Nasdaq, due to the MACD dead cross on the 12-hour chart,
it appears highly likely that it will trade sideways until tomorrow.
*Long Position Strategy (Around the time of the purple finger touch #1 at the top)
1) After confirming the touch of $63.7K in the purple finger zone #1,
the entry point for the long position is $63,450.9 (light blue finger) / Stop loss if the green support line is broken.
2) $64,324.5 is the first target for the long position -> Target prices in the order of Top, Good.
- If the target price of $64.3K is reached, use the $64,038.4 range to re-enter the long position.
3) If the price fails to touch zone #1 and drops immediately:
The entry point for the long position is $63,150.2 in the red finger zone #2 at the bottom / Stop loss if the green support line is broken -> Remaining target prices remain the same.
- The Bottom zone at the bottom is a mid-term uptrend line, so
it is not advisable if it breaks, as further declines could occur.
The limit is open up to a maximum of $62,448.8.
Please use my analysis posts merely as a reference and for practical purposes.
I hope you operate safely by strictly adhering to trading principles and stop-loss orders.
Thank you for everything.
Trade active
Hello.This is the Bitcoin Guide.
Last week, I suffered the loss of my father-in-law, so I served as the chief mourner and laid him to rest in a better place.
Since Bitcoin was rising sharply at the time of his encoffining, I suspect that he was greeting everyone with his thanks.
It appears the trend has shifted to an uptrend because it strongly broke through the resistance line I had anticipated. I will summarize and explain the overall situation.
Thank you.
Trade closed: target reached
Hello.This is the Bitcoin Guide.
Let's check the movements since August 13th, when I uploaded the last analysis post.
This is the Bitcoin 30-minute chart.
I have marked the key zones with black fingers.
*After entering a short position at 63.7K (Zone 1 marked with the purple finger at the top),
it fell to 63.4K at the bottom -> Zone 2 to $63,150.2,
and closed without breaking the green support line.
(The strategy was manual liquidation)
An additional daily candle was formed,
and after accurately touching the Bottom -> 62.4K zone marked at the bottom,
it closed without breaking the sky-blue support line.
It was a sideways market without any significant movement until the weekend.
This is the Bitcoin 4-hour chart. I have marked the key zones with a black finger.
After the final touch of $62,448.8 at the bottom, it succeeded in a strong surge without breaking the sky-blue support line.
After breaking through the black resistance line -> Miracle uptrend line, it reached the Gap 10 zone.
After touching the lowest point of 62.4K, it successfully rose by about $17,000.
This is the Bitcoin daily chart.
I have marked the key zones with a black finger.
Indicated by the purple finger at the bottom left, it succeeded in rebounding without any further breakouts following the long position entry at $61,824 on July 6th.
It took a long time due to the prolonged sideways movement, but ultimately, it succeeded in rebounding.
Thank you all for your hard work, and personally, I would like to express my apologies and gratitude to my father-in-law. It might be a coincidence, but personally, I felt very sorry for not being able to treat you better.
Also, the rebound that occurred at 9:30 PM on August 19th was the day of my father-in-law's funeral, and it was also my birthday.
I didn't have time to look at the charts, and as a chief mourner, I was out of my mind. I was very shocked when I finally let him go. I am filled with mixed emotions.
Today, I will only leave a summary of the overall market situation and a review, and I plan to resume my activities actively starting tomorrow.
I didn't even have the time to make a separate announcement, but I would like to express my gratitude to those who waited patiently without saying a word.
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*BingX 50%DC + $14,100
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bit.ly/3pY0dUv
*Telegram
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
[Bitcoin Guide Affiliate]
*Bybit 20%DC Lifetime + $30,100
partner.bybit.com/b/Bitcoin_Guide
*BingX 50%DC + $14,100
bit.ly/3E8ZkAW
*ZeroMarket ECN 40%DC
bit.ly/3pY0dUv
*Telegram
t.me/bitcoinguide_TM
*Bybit 20%DC Lifetime + $30,100
partner.bybit.com/b/Bitcoin_Guide
*BingX 50%DC + $14,100
bit.ly/3E8ZkAW
*ZeroMarket ECN 40%DC
bit.ly/3pY0dUv
*Telegram
t.me/bitcoinguide_TM
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.