July 21 BTCUSD Bybit Chart Analysis for BYBIT:BTCUSD by BitCoinGuide — TradingView
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Only 30 Min chart ,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 21 th .
Yesterday there was a vertical decline.
In the final finish that I left behind,
in the purple parallel line The sideway move is finished.
4 hour chart.
Today the difficulty is very high
Today’s Top Price, Bottom Price Check
There are death 1 and death 2 sections,
This section is the entire bottom section of the candle.
Variables may appear depending on the situation.
purple parallel lines,
It is the lifeline of a long position.
Check the red up trend / light blue down trend path
I made today’s trading strategy.
30 minute chart neutral strategy.
For the foreseeable future,
Proceed only with an up-and-down two-way strategy
The sideway move was ignored.
* When the red arrow moves
Long Position Strategy.
Short position operation is also possible depending on the situation.
$29356 Long position entry price / Stop loss when the purple support line is broken
Top price $30949.5 is the final target
* When the light blue finger moves
Short -> long switching strategy.
After touching to death 1, death 2 section,
Short on the coming rebound
$29253 Short position entry / Stop loss when the green resistance line is broken
After that, the green support line, the purple finger at $27,866.
If you succeed in rebounding without leaving sideways.
In case of further departure,
27866 Entered into a short position
$27023 Long position switching / Stop loss when break away the red support line.
Beginners are advised to take a break from trading.
When the direction is decided in the afternoon,
Focus on short-term investments.
Principle trading / Stop loss is essential, I hope you can trade safely.
Thank you.