August 8th BTCUSD Bybit Bitcoin Chart Analysis

٨ أغسطس ٢٠٢٠

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 8th .







Thursday analysis.

Due to circumstances, I could not post the analysis on Friday.

It is finished with the uptrend Side way move.






4 hours chart.

Red resistance line / light blue support line

As the convergence section, I brought a trading strategy.


Each major section has been summarized.







It is a 30-minute chart, a neutral strategy.


Check out the blue path.

Pay attention to the red finger when Breakaway.



It's at the bottom of the weekend closing price,
It can fall suddenly in the retracement

Please be careful.


Thank you.