BTCUSD Bybit Bitcoin Chart Analysis for July 10th

10 Jul 2020

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 10th .





At the top is a 30-minute chart created yesterday.



Break away from the green parallel support line,

On the red finger move,

The risk section has been further deviated.


To the final 4-hour chart parallel line support line

Add drop occurred.


Yesterday, like the XAUUSD analysis,
The main indexes are all,

A drop down trend.


Everyone, I think you did well in real time.






It's really not easy Bitcoin.


on the top It's a 12 hour chart.

Overall, the downtrend is strong.
That is why ,

Than other major indices,
Bitcoin's downtrend is even greater.


The MACD deadcross is waiting at the bottom,

When reach the pink line

Additional declines may occur.


Focusing on this part, I brought a trading strategy.






30-minute chart, neutral strategy.


Based on the red parallel line,

I brought a marketing strategy.


It is a sideways-oriented strategy.


Within each section,
short day trading is important.


Also, parallel line Support are overlapped at the bottom.

If this section breaks,

At the bottom,
Please pay attention to the blue finger section.



Please refer to it,
Have a good weekend.


Thank you.