Bitcoin Bybit chart analysis May 1

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
Since yesterday this afternoon
Without asking, there was another drop.

Tonight at 11 o'clock on Nasdaq, the FOMC US interest rate announcement is scheduled for 3 a.m.

There has not yet been a 5-minute trend reversal.

If the indicated light blue support line breaks immediately
Everyone is waiting or knowing
Because the Bollinger Band may continue to slide from the center line of the weekly chart.
We proceeded with the strategy as safely as possible.

There is still room for another rise in Tether dominance.
Since it was a condition, I bet on that condition.


*Sky blue finger movement path
Two-way neutral
Short -> Long switching strategy

1. Short position entry zone of $58,441 / Stop loss when the orange resistance line is broken

2. Long position switching at $56043 / Stop loss when the green support line is broken
At the top, $59984 long position 1st target -> Top 2nd target

Because there has been no 5-minute trend reversal to date.
The green support line is a place where it would not be surprising if it broke immediately.
Also, because all support lines are open,
How to succeed with your strategy today

There should be a strong rebound from the long switching position of the green support line.

If the rebound is maintained within the purple support line
Vertical rise may occur.

Short at the top and long at the bottom.
It is a strategy tailored to the NASDAQ index announcement time.

From the section below the green support line
This is the central line section of the Bollinger Band.
As you can see from the past Nasdaq movements,

The central line of the main candlestick cannot be an unconditional rebound or support line.
It could be pushed up to 51.7K today or this week.
You need to be careful

Please note that my analysis up to this point is merely for reference and use.

Please operate safely with principled trading and stop loss required.


thank you

Trade closed manually:

Hello.
It's a Bitcoin guide.
I will check the movement after writing the analysis on May 1st.

This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.

Light blue finger short->long or long waiting strategy
After damage to the green support line
Without touching the light blue support line at the bottom 17167.4

Reached 17606.6 indicated at the top.

Afterwards, a strong correction occurred immediately and a retracement occurred.
A new Gap 17356.3 section has been created at the bottom.

Although there was a strong adjustment
Because all major central line sections were touched,
From a long position, there may be a move to break upward.
Overall, the MACD rising signal is in progress.

Currently, it is moving extremely sideways without touching the Bollinger Band resistance line or support line.
I will create a strategy based on the afternoon movements.

Bitcoin 30-minute chart.
Major sections are marked with black fingers.

Light blue finger short->long switching strategy
After short entry at $58441 at the top
It is slowly coming down along the orange resistance line.

At the bottom, the long position switching section does not go down to $56,043.
It's moving sideways.

The strategy is manual liquidation processing.

Depending on the Nasdaq movement in the current situation,
Because it could bounce up or down, I ended up clearing it manually.

For those who are short, follow by adjusting the stop loss.
For those who are long, it is near $56043 at the bottom.
Check the shape of the support line by time zone,
I think you might want to wait.

Overall, whether the Nasdaq Gap reverts or not is important, right?

Even in Tetherdominance
In the 30+1 section based on Bollinger Bands
Because the pattern was partially broken when touching the 2-hour center line.

The beat is expected to rebound from its current position, but
Since there is a variable called NASDAQ,
Please take note and I will try my best today as well.

thank you

Trade active:

Bitcoin 30-minute chart is a real-time lifeline.

Before and after the bottom gap retracement occurred on Nasdaq
Please check the movement.
This is because the purple support line does not function as a support line and can be pushed down.
It is best not to touch it if possible.

When leaving section 1
The following order can be viewed as 56043->Bottom.

The target price at the top has also been moved to match today's time zone.

I did some analysis on this. haha

Fighting.