July 6th BTCUSD Bybit Bitcoin Chart Analysis

6 Jul 2020

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for July 6th .






This is a 30 minute chart created last week.

Without much movement, the sideway move was finished.

Overall, there was movement within the red parallel line.


Since the purple section could not be touched,
The drop was strong, And rebound came again.








12 hour chart.


Today's new, weekly candle chart / daily candle chart
Was created.

Each major section was classified into three categories,

Focusing on this part,
I made a Trading strategy.








30 minutes chart, long position strategy.

Overall, the downtrend is strong,
There was also a rebound in the weekend gap difference.



Recently, sidewaly move,

It is advantageous to run only "long" or "short" shots.

stoploss is essential.


With a 4-hour chart and overall position
I put the weight on the long position.


Instead, some conditions are required.


1. Check the blue route and major sections.
(It should not touch the pink line.)

Touching the maximum smile section will close the long position.

2. If you touch the pink line,
Red finger section check.
(After checking the movement that touches the pink line, vertical drop is dangerous.)


At the bottom, "i dont' like" saction Breakaway It is very dangerous.


Good luck.

6 Jul 2020

Catatan