August 12 BTCUSD Bybit Chart Analysis

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Only 30 Min chart ,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for August 12 th .







This is an analysis of the 11th.

There is no wave until the entry point.
The sideway move has been completed.

It was a movement within a purple parallel.

Additional entry have been cancelled.







4 hour chart.

Today's approximate Top and Bottom prices are displayed.

Within the orange resistance/red support level.
The direction seems to be determined.

I ignored the sideway move.

red top / sky blue bottom
I made today's trading strategy.









30 minute chart long position strategy

added a sky blue parallel lines / pink overshooting section.


* When the red arrow moves


long position strategy

$45669.5 Long position entry section / Stop loss price when the red support line is broken

We need to break through the sky blue parallel resistance line.
The trend should die in the pink overshooting zone

I think the green resistance line will be the target for the right sideways movement.

If there is a trend, you can reach the top section
Proceed with correction of stop loss

Instead, it is a whipso condition, so if the green resistance line is broken,
Please be sure to put on safety devices.



* When the light blue finger moves

Short -> Long Switching Strategy

$45700.5 Short position entry section / Stop loss when the pink resistance line is broken

$44559.5 Long position switching / Stop loss when the green support line is broken


Today's sideways form is the green resistance line /
I think the red support line will be around the convergence section.


Can I tell you about the spot exchange?


arrow moving path
ETC alt -> Based on the green resistance line breaking at the entry point of the long position
major altcoins


When the light blue finger moves

ETC Alt -> Long position switching
Major + ETC Alt


Look at the chart and you will see the answer.
Achieve the results of all your hard work


Principle trading / Stop loss is essential, operate safely
I hope you have a good day



thank you

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Red Arrow chioce

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