BTCUSD Bybit Bitcoin Chart Analysis for July 3th

٣ يوليو ٢٠٢٠

Hello,

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 3th .






At the top is a 30 minute chart created yesterday.

First , BreakAway "I don't like" the section

And , Later in the red finger section It fall strongly.


In the pattern,

Bollinger Band 1-hour chart support line -> 30-minute bar resistance line (not 1-hour Resistance line)

Support line and resistance line
1:1 did not proceed in the same way,


This is a typical Down trend pattern.







6 hour chart.

Today's main section.


At the bottom, waiting for the MACD deadcross.
On the 12-hour chart, dead cross is still underway.

It's a very dangerous place.

Also, based on the orange triangle convergence section,

It is dangerous in the case of Breakaway.


And, you must touch the $9200 section,
Minimal support sections are created.


With this focus in mind, I have created a Trading strategy.








Today's trading strategy.

30-minute chart / Neutral strategy.


See the blue path and the red path.

At the bottom, the "I don't like" section and the "Smile" section at the top
Please check.


Today, unconditionally, must support.

Also, you have to reach the sky blue parallel resistance line,
You can prevent further Down Trend.


If, from your current location
If you touch the orange trend line + pink line,

Pay attention to the vertical drop or red moving path.


Have a good weekend.


Thank you.