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Bybit

August 2 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Here is the Bitcoin 30-minute chart. First, since it has come down to the desired level on Nasdaq, I created a strategy based on the Tether Dominance Double Top. The purple finger on the lower left is the final $62,583 long position entry point yesterday. *When the red finger moves Long position strategy 1. $64,085 long position entry point / cut-off price when the green support line breaks 2. 66,522 long position 1st target, target price in the order of Good -> Great during the weekend No. 1 on the top is today's best short position entry point No. 2 on the bottom is the sideways movement point, and when it breaks it will reach the double bottom point No. 3. 3 is the section that is not broken through when maintaining the double top in Tether Dominance, and the bottom section is the daily chart Bollinger Band support line, and everyone knows it and everyone is waiting for it. I used the strategy for the red finger in the middle wave, and when cutting losses, you can do a final long wait at 3 or the bottom, right? Up to this point, please use my analysis as a reference and only operate safely with the 6 principle trading + stop loss price. Nasdaq is really a tough friend. It's hot, so you worked hard this week too. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
Target 2.5Following daily chart, got a long signal from my indicator. Expecting a breakout here. TP1 1.63 - which I'll follow and close my position. ( around 8% gain) TP2 2.1 - which is cup & handle target TP3 2.5 - which is falling edge break target. I am not sure for TP2 and TP3 because my strategy is mostly based on correction and for TP2 and TP3, we need to breakout 2 EMA's on the chart, which is sometimes hard. If it break, you can follow TP2 and TP3. I'll close under 1.37 but following indicator to stop. What are your thoughts?
Long
by omurden
July 31 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Bitcoin 30-minute chart. Today at 9:15, FOMC indicators will be announced at 3:00 AM. The Nasdaq will end with an upward rebound without a Gap reversal, and the Bitcoin daily chart MACD dead cross will be imprinted today while moving sideways. In the lower left corner, the 3rd section of yesterday's analysis article After entering the long position at 65,323.5 dollars with the purple finger, we will continue the strategy. *When the blue finger moves, it is a two-way neutral long -> short -> long switching strategy. 1. 65,937 dollars long position entry section / stop loss price when green support line is broken 2. 67,367.5 dollars short position switching / stop loss price when light blue resistance line is broken 3. 66,664 dollars long position switching / stop loss price when green support line is broken (After additional daily candles are created tomorrow, check if MACD dead cross is imprinted and then do the final long switch.) Currently, the Bollinger Band 30-minute chart resistance line has been touched and the short position operation section is until the pink resistance line is broken. For those holding long positions, you can operate at the stop loss price when the green support line 2 section at the bottom is broken. Up to orange resistance line 1 / green support line 2 at the top is a sideways section. The bottom has gone up but since additional candles on the 12-hour chart have not been created yet the shape of the support line after 9 o'clock is important. If you get off before 9 o'clock, look at it up to 3 times. If the support line shape is supported after 9 o'clock, You can see the bottom as a major support line. Up to this point, please use my analysis as a reference only. I hope you operate safely with principle trading and stop loss prices. Thank you.
BYBIT:BTCUSD.P
by BitCoinGuide
July 30 Bitcoin Bybit chart analysis Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Here is the Bitcoin 30-minute chart. There is an indicator announcement at 11 o'clock on Nasdaq. Bit is under pressure from the MACD dead cross on the daily chart due to yesterday's movement, and there are many sections where the mid-term pattern is broken. There is no wave, and I came with a one-way strategy at the exact middle point. *When the blue finger moves, Bidirectional neutral Long -> Short switching strategy 1. 65,981.5 dollars long position entry section / cut-off price when the blue support line is broken 2. Sky blue finger at the top 68,082 dollars Long position 1st target -> 2nd -> Top 3rd target. (The reason I opened up to the Top section is the sudden rebound from the unjustified plunge that occurred yesterday) After reaching 68,082 dollars, Short position switching in the final 2nd section depending on the situation Stop section touches the cut-off price. If the short position switching is successful, The final long position switching section after tomorrow Check the remaining support line colors on the right I think it would be good to catch it together with me. I plan to proceed perfectly in one way only The blue finger movement path explained is the one-way section at the top. The 1st section at the top is the short position operation section in case of an immediate rebound from the current position, but if it breaks through as it is, you can wait for a short position in the 2nd section at the top. The orange resistance line and the 3rd section of the blue support line at the bottom are sideways. And, the Bottom section at the very bottom is the major support line 12 + day section that everyone knows and is waiting for As the difficulty of Bitcoin has recently increased, This easy position does not come down easily, and I think it needs to be shaken a little more to imprint the MACD dead cross on the daily chart at once. If you touch this section today and even if it rebounds, MACD daily chart dead cross can continue to press again after tomorrow, so please check the movement even if an additional daily chart is created tomorrow. It's been a while since I've published a full analysis article, how is the quality? I hope it will be of some help to investors. Up to this point, I ask that you simply refer to and use my analysis articles, and I hope that you operate safely with a principled trading and stop loss price. Thank you.
BYBIT:BTCUSD.P
by BitCoinGuide
July 29 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is a Bitcoin 30-minute chart. There is no Nasdaq indicator announcement and Tether dominance is in a vertical decline condition. A trend is emerging during the analysis. To summarize briefly, *When the red finger moves, One-way long position strategy 1. $69,810 long position entry section / green support line breakaway, stop loss price 2. $71,190 1st target -> Top 2nd target Only those who are confident in the stop loss price should try the middle short->long switching section. Operation centered on long positions seems advantageous. The 1st and 2nd sections at the top are sideways. Please note that a strong adjustment may be connected from the breakaway of the green support line. I think it would be good to see the core of the strategy as trend following, and I was looking at a strong upward trend from the breakaway of the black resistance line. Up to this point, I ask that you simply use my analysis for reference and use only. I hope that you operate safely with principle trading and stop loss prices. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
1
July 26 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Bitcoin 30-minute chart. The parallel line colors have changed somewhat depending on the strategy. There is an indicator announcement at 9:30 AM for Nasdaq, and if it is normal, it should come down to touch the central line of the Bollinger Band weekly chart once. In the case of Tether Dominance, only the central line of the Bollinger Band 6-hour and 12-hour charts is touched, and the mid-term pattern is broken, so I created today's Bitcoin strategy according to the wave of the vertical decline. The purple finger section at the bottom left is the section where I entered long yesterday and am maintaining it. *Red finger movement path One-way long position strategy 1. 66,901.5 dollars long position entry section / cut-off price when green support line is broken 2. 68,842.5 dollars 1-shot get -> Top, Good, Great in order, target price for the weekend The 1st and 2nd sections at the top are sideways, but if the rebound is successful in section 2 today, it will be a condition for a strong rise. Also, if the Miracle section is touched, it will break through the mid-term downtrend, and if the black resistance line Top section is broken, bit can break through the highest point again. The 3rd and 4th sections at the bottom are support lines for the weekend. Up to this point, my analysis please just refer to and use it, and I hope you operate safely with principle trading and cut-off prices. Thank you for your hard work this week.
BYBIT:BTCUSD.PLong
by BitCoinGuide
2
Bitcoin Long/Short-Term or Holding AreaMy daily setup My trading strategy is to look for opportunities to enter and exit trades based on these levels on a daily basis. It's important to monitor the market closely for any changes in the key levels of support and resistance to get a good exit or entry. I use technical indicators, such as moving averages, order block and volume price to identify trends and potential entry and exit points. If the price approaches the short-term resistance level at 28897.0 (Max) and the moving average indicates a potential reversal, i consider taking a short position with a target exit at the support level at 27190.2 (Max). Conversely, if the price approaches the support level at 27190.2 and the moving average indicates a potential rebound, we may consider taking a long position with a target exit at the resistance level at 28480.0
by Fadlyyyyy
#BTCUSDT #1h (ByBit) Descending trendline breakoutBitcoin seems to have found bottom and is forming a local uptrend, looks good for bullish continuation after regaining 100EMA support. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (13.0X) Amount: 4.9% Current Price: 57720.9 Entry Targets: 1) 57411.4 Take-Profit Targets: 1) 60987.5 Stop Targets: 1) 55618.9 Published By: @Zblaba CRYPTOCAP:BTC BYBIT:BTCUSDT #1h #Bitcoin #PoW bitcoin.org Risk/Reward= 1:2.0 Expected Profit= +81.0% Possible Loss= -40.6% Estimated Gaintime= 2-3 days
Long
by TradingOn
2
July 3 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is a Nasdaq index release tonight at 9:30, 11:00, and 3:00. The same goes for the Nasdaq rise alone yesterday. In fact, it excludes Nasdaq and only focuses on Bitcoin and Tether Dominance. I was focused. Support line at the bottom 59.4K -> 58.8K (Bottom) -> 56.8K There are only three things left. If the orange resistance line is not broken by today or this week, Be careful as it may drop below 56.8K. Currently, Tether dominance is rising vertically. That's where we created today's strategy. *Red finger movement path One-way long position strategy 1. $59,445 long position entry zone / stop loss when breaking out of the light blue support line 2. $62040 long position primary target -> Top secondary target The core of today’s strategy is Tether dominance. This is a strategy for whipsaw. If I don't get it right away, I won't get an answer today. Sections 1 and 2 indicated are sideways markets. Even if it maintains without breaking away from the purple support line, There is a possibility of further decline after tomorrow. Because it is a strategy for tether dominance whipsaw. Bitcoin long entry section $59,445 rather than reservation sale Check the 1-minute or 5-minute candles in real time. Checking the lower tail or rebound Please operate with principled trading and stop loss required. I would like to ask that you only use my analysis as a reference and use. thank you
BYBIT:BTCUSD.PLong
by BitCoinGuide
1
#WLDUSDT #2h (ByBit) Falling wedge breakout and retestWorldcoin regained 50MA support and is pulling back to it, road to 200MA resistance seems next. ⚡️⚡️ #WLD/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (5.0X) Amount: 5.2% Current Price: 2.416 Entry Targets: 1) 2.403 Take-Profit Targets: 1) 2.771 Stop Targets: 1) 2.219 Published By: @Zblaba MIL:WLD #WLDUSDT #2h #Worldcoin #Privacy worldcoin.org Risk/Reward= 1:2.0 Expected Profit= +76.6% Possible Loss= -38.3% Estimated Gaintime= 5 days
Long
by TradingOn
July 2 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is a Nasdaq index release tonight at 10:30 and 11:00. Beats are under pressure from the MACD dead cross on the 4-hour chart. It first touched the lower Bollinger Band and is moving sideways. There was no short position entry today. In the case of Tether dominance, it is breaking through a short-term downward pattern. The combination of the two created today’s strategy. At the bottom left is a purple finger worth $62,567. I connected the long position to today’s strategy. There is no trend and the sideways movement continues. From an investor's perspective, consider all perspectives from both long and short sides. I'm dying to even connect it to a strategy. *Sky blue finger movement path Two-way neutral Short->Long switching strategy 1. Short position entry area of ​​$62956.5 / Stop loss when the orange resistance line is broken 2. Long position switching at $62153.5 / Stop loss when the green support line is completely broken away Or, after touching section 1, stop loss when touching the 6-hour central line of the Bollinger Band. 3. $63594.5 long position primary target -> Top secondary target For those of you who haven't been able to organize your longs since yesterday and are holding them, In case of immediate decline from the current position Likewise, in strategy number 2 above, you can maintain a stop loss in terms of touching the green support line and the 6-hour center line. From the point of breaking the red resistance line, Because it is near the central line of the Bollinger Band daily chart. Please note that adjustments may occur once. Please keep in mind that my analysis up to this point is merely for reference. I hope you operate safely with principled trading and stop loss required. thank you
BYBIT:BTCUSD.P
by BitCoinGuide
July 1 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is a Nasdaq indicator announcement at 11pm tonight. There is a correction just before the Gap 6 retracement at the top. It is a position with a high possibility of sideways movement. There are so many branching points. To put it simply, Possibility of NASDAQ moving sideways to the right, Tether dominance mid-term pattern broken. Up to the possibility of upper gap reversal Currently, Bollinger Band 30+ is maintained at a narrow level. It looked like there was plenty of time until the next breakaway section, so I tried to attack the gap. *Red finger movement path Long position strategy 1. Entering long position at $62567 / When the purple support line is completely broken away Or stop loss when touching section 1 at the bottom 2. Gap6 primary target -> Top secondary target Gap6 section is the central line of the Bollinger Band daily chart. Depending on the situation, there may be strong adjustments. Check the intermediate wave as indicated. I think it would be good to see whether or not it finally breaks out of the purple support line. Please keep in mind that my analysis up to this point is merely for reference. I hope you operate safely with principled trading and stop loss required. thank you
BYBIT:BTCUSD.PLong
by BitCoinGuide
June 28 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. Nasdaq has an indicator announcement at 9:30. To summarize briefly and concisely: Possibility of NASDAQ vertical rise Bollinger Band 3-hour chart resistance line touched -> uptrend Bitcoin 12-hour chart MACD golden cross Accordingly, yesterday in the short->long switching section Final long position entry section $61431.5 We proceeded with the strategy by connecting the points of view. It's that guy. *Red finger movement path One-way long position strategy 1. Chase buy at $61422.5 / stop loss when the green support line is broken 2. $62672.5 Section 1 (Perfect achieved when target price is reached on the 27th) 1st target -> Top section secondary target Afterwards, from Gap to Good to Great over the weekend. Try dragging it to the top. Slope to the right until section 1 at the top Section 2 at the bottom is lateral to the right. If the bottom seat is lost during the weekend You can be pushed up to $59,445 in section 3. Please refer to it Please note that my analysis is merely for reference. I hope you operate safely with principled trading and stop loss required. thank you
BYBIT:BTCUSD.PLong
by BitCoinGuide
June 27 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There will be an announcement of Nasdaq indicators at 9:30 a.m. Beats were pushed to the support line on the Bollinger Band 2-hour chart today. Because there was no central line touch for 6 hours. Vertical rise is incorrect. Also, the NASDAQ variable is also a problem. On Nasdaq, there is no vertical decline, only a sideways movement. Even in tether dominance, the medium-term pattern is broken. All you have to do is hold on and not break away. purple finger on the left Conditions for maintaining long position at $60,709 in section 1 yesterday I just connected it to the strategy. Stop loss when the green support line breaks this week. There are probably people holding long positions. Without changing my perspective, I will die with you even if I die, and I will live with you even if I live. *Sky blue finger movement path Two-way neutral Short -> Long switching strategy 1. Short position entry zone at $61,708 / Stop loss when the red resistance line is broken 2. Long position switching at $61072 / Stop loss when the green support line breaks away Number 1 at the top is an upward sloping market, and number 2 is a downward sloping sideways market. You can touch section 1 directly from your current position. Adjustments will occur once. Instead, please note that the long position switching section may change. The current position is the Bollinger Band resistance line on the 1-hour chart. Because it is a short position operation period after touch. If it falls immediately, You can look at Bottom -> Section 3 at the bottom. For those who went short near the pink resistance line: When it breaks through the pink and orange resistance lines, you can view it as a stop loss, right? My analysis up to this point is Please simply refer to it and use it. Please give us a lot of support even in the boring sideways market. Thank you for participating. Fighting today too.
BYBIT:BTCUSD.P
by BitCoinGuide
June 26 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is a Nasdaq indicator announcement at 11pm tonight. Bit touched the resistance line on the Bollinger Band 1-hour chart in the morning. It touched the support line on the 1-hour chart in the afternoon, but The pattern was broken as it pushed to the center line of the 2-hour chart. If it is pushed a little further, it is a dangerous area for long positions. The current position is in Bitcoin and Tetherdominance. It's not surprising if something breaks or goes up. This is a double-edged sword. I am particularly concerned about sideways trading. Just like yesterday, Nasdaq focused only on beats, keeping in mind the possibility of a sideways move. In the morning, touch the resistance line on the Bollinger Van 1-hour chart. I already missed the best short position entry point. Purple finger section on the left By maintaining the $61,169 long position strategy that was entered into the long position yesterday, We will continue our strategy without changing our perspective. *Sky blue finger movement path Two-way neutral strategy 1. $61384.5 long position entry zone / stop loss when breaking out of the green support line 2. Short position switching at $62672.5 / Stop loss when the orange resistance line is broken 3. Long position switching at $61886.5 / Stop loss when the green support line breaks away Afterwards, the long position target price ranges from Top to Gap. It's very difficult to explain. Section 1 at the bottom is The condition is not to break out of the support line on the 2-hour Bollinger Band chart. You have to be careful because you may continue to slide down. If it maintains without breakaway until this section, it becomes a sideways protection condition. The biggest question today is whether it breaks through the central line on the 6-hour chart. Please note that my analysis up to this point is merely for reference and use. I hope you operate safely with principled trading and stop loss required. thank you
BYBIT:BTCUSD.P
by BitCoinGuide
June 25 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is a Nasdaq indicator announcement at 11pm tonight. If you look at the purple finger at the bottom, This was the final long position entry section expected this week. Purple Finger 58232 is on the rebound after being touched. As the vertical decline occurred yesterday, the position was pushed back a little more. There is no rebound this week If you cannot break through the pink, orange, or red resistance lines at the top Please be careful as it may be pushed up to the bottom section of 56.8K. I almost ignored the Nasdaq movement today. 58.2K long position entry zone expected this week Bitcoin 4+6+12 Golden Cross (Opposite of Tether Dominance) Gap reversal light at the top We have a catch-up buying strategy. Also, recently, NASDAQ non-coupling etc. It was a hot day and I wasn't feeling well, so I had a hard time concentrating. If it breaks out of the green support line today I will take a break from the analysis tomorrow. *Red finger movement path Long position strategy 1. $61,169 long position entry zone / stop loss when breaking out of the green support line 2. $64,202 Long Position Primary Target -> Top Secondary Target The section marked number 1 at the top is an upward and sideways movement. Section 2 is an upward traverse or extremely lateral traverse. Due to the pattern, it is best not to touch it. Section 3 is a lateral crossing to the right, There is a possibility of further decline to $56866.5 after tomorrow. Please keep in mind that my analysis up to this point is merely for reference. I hope you operate safely with principled trading and stop loss required. thank you
BYBIT:BTCUSD.PLong
by BitCoinGuide
M Double tops is on the map This is what I'm looking at for BTC at the moment. Double Tops are in the back of my mind, keeping an eye on that neckline. It could be a Higher Low, but there could be a Liquidity grab in the scope, printing a Lower Low. in overall This is a healthy correction in my opinion. Check the grey % measured from the top to the EMA 50. Somehow, the good corrections always come with a dose of FUD. What if... we lose the EMA 50 on the week ? Well then my next stop could be $43568.85 as in a bullish breaker block on a higher time frame.
by Tims.Technische.Analyse.
June 24 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There are no Nasdaq index announcements. At the bottom, Gap6 showed no retracement with a difference of 5 dollars. At the current location on Nasdaq Conditions for an immediate rebound, possibility of an upward trend In the case of Tether dominance, the short-term pattern was broken. This is a place where patterns and signals are too confusing, so I'll keep it simple. There was no retracement of Gap 6 As I explained in the afternoon, the 61.3K rebound section was the spot I was aiming for. After the touch, I will continue with the long position strategy. *Red finger movement path Long, long position strategy 1. $61083 long position entry area / stop loss when breaking out of the green support line 2. Primary target of long position at $63,244 -> Re-entry long position at $62,494.5 Stop loss when the purple support line breaks 3. $64364.5 long position secondary target Please note that my analysis is merely for reference. I hope you operate safely with principled trading and stop loss required. thank you
BYBIT:BTCUSD.PLong
by BitCoinGuide
June 21 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is a Nasdaq indicator announcement at 11pm tonight. $63,734 that I left a comment in the afternoon Bollinger Band weekly chart center line retouch has been carried out. I have been coupling with Nasdaq since yesterday. The fortunate part of misfortune is The fact that Tether dominance did not break the previous high point yesterday This is where the short-term pattern is broken. Overall, Nasdaq movements may be the most important, but We created an aggressive strategy without losing momentum. *Sky blue finger movement path Long -> Long re-entry strategy. 1. $63,726 long position entry zone / stop loss when breaking out of the green support line 2. After liquidation of $65367.5 long position Re-enter long position at $64941.5 / Stop loss when breaking out of the purple support line Target in order from Top -> Good -> Great section. in the evening waves In section 1 marked near the green support line You can check the floor. From the bottom to the bottom You may be pushed back up to section 2, so be careful. The orange resistance line at the top is a short-term downward trend line. Pay attention to Nasdaq variables in real time. Thank you for your hard work this week too. Please operate safely with principled trading and stop loss required. thank you
BYBIT:BTCUSD.PLong
by BitCoinGuide
Bullish Triangle Breakout Pattern in SUNUSDT NOW Description: SUN Coin has recently displayed a bullish triangle breakout pattern, signaling a potential upward trend. This pattern typically indicates a continuation of the prior uptrend, providing a strong buying opportunity for traders. The key features of this breakout include: Consolidation Phase: SUN Coin experienced a period of price consolidation, forming a triangle pattern. This phase is characterized by a series of higher lows and lower highs, converging towards a point of breakout. Volume Increase: As the price approaches the apex of the triangle, trading volume often increases, suggesting heightened trader interest and momentum. Breakout Confirmation: The breakout above the upper trendline of the triangle is a bullish signal. For confirmation, look for a closing price above this trendline accompanied by increased volume. Target Price: The target price for this breakout can be estimated by measuring the height of the triangle at its widest point and projecting this distance upwards from the breakout point. Support and Resistance Levels: Post-breakout, it's crucial to monitor key support and resistance levels. The former resistance line (upper trendline of the triangle) now acts as a support level, while previous highs may serve as resistance. Trading Strategy: Entry Point: Enter a long position at or just above the breakout level. Stop Loss: Set a stop loss slightly below the breakout point or below the former support line to manage risk. Take Profit: Consider taking profit at the projected target price or in stages as the price approaches significant resistance levels. Stay updated with the market sentiment and watch for any signs of reversal or false breakouts
Long
by WaveRiders2
June 20 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There are two Nasdaq index announcements at 9:30 tonight. from the bottom left If you look at the purple fingers 64.5K long on the 18th -> 65.1K chase long on the 19th And today is the red finger chase buying strategy. *Red finger movement path One-way long position strategy 1. $65,766 long position entry zone / stop loss when breaking out of the green support line 2. $67051.5 long position 1st target -> Top 2nd target -> Good 3rd target There is no short position operation today. A vertical decline is underway in Tether dominance. When the 12-hour chart MACD dead cross engraving is completed It's a strategy Sections 1 and 2 at the bottom are rebound sections. Please note that the further down you go, the more likely it is to move sideways. Maybe it's because the day is hot Creating an entry point every day It seems like it's getting more difficult again. This is what I continued to explain as I went sideways this week. Today I will go very simply without further explanation. Don't forget to follow principle trading and stop loss. I hope you operate safely. thank you
BYBIT:BTCUSD.PLong
by BitCoinGuide