Bitcoin Bybit chart analysis May 2

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There will be an indicator announcement later at 9:30.

I also saw the possibility of an upward wave on Nasdaq.
In the case of tether dominance, the shape of the center line is becoming flat.
When 4 + 6 + 12 MACD dead cross appears
Because this is a place where a crash can occur.

I bet on that part.


*Red finger movement path

Long position strategy

1. Chase buy at $57938 / Stop loss when the purple support line is broken
2. $61213.5 1st target -> Good 2nd target

If it falls from its current position, it will be a plummet.
On the other hand, if it goes up, you may miss the entry position.
I set a short stop loss and proceeded aggressively.


In the case of the purple and green parallel lines currently drawn,
Because it is a plot of an upward trend.
Because there is a high possibility that it will not play a supporting role.
When taking a stop loss, you should carefully look at the shape of the Bollinger Band support line by time zone.

If today's strategy fails, it can be a double-edged sword.
Section 2 at the bottom, unlike yesterday, may be a downward trend line.
Please just use it as a reference.
I think it would be good to think of it as a safe sideways section up to section 1.


My analysis up to this point is
Please simply refer to it and use it.

I hope you operate safely with principled trading and stop loss required.


thank you

Trade active:

Hello
It's a Bitcoin guide.
This is a movement since the analysis was written on May 2nd.

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

Red Finger 17424 In long-waiting strategy
In the end, after the gap reversal at the bottom

If you break the orange resistance line, you will die.
There was a strong rebound up to section 1 marked at the top.
There was an increase just before reaching the top section.
The final Bollinger Band 3-hour chart resistance line was touched.

Near the center line of the daily chart
It looks like the power struggle between upside and downside will be connected.
It looks like there will be a big move when the non-agricultural index is released tonight.
I will summarize it step by step in the analysis article.

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

Red Finger $57,938 after chase purchase
After breaking through the pink resistance line
The Bollinger Band 4-hour chart is breaking through the central line.

There was no Gap retracement on Nasdaq yesterday
If there was a rebound from 1 touch
It could have risen strongly, but it's a shame.

However, it has been steadily rising since entering the market.
The strategy is active processing.

There is a struggle on the central line of the 4-hour chart.
We will explain more details in the analysis article.

We leave you a real-time lifeline
See you in the analysis article.

thank you

Trade active:

Bitcoin 30-minute chart.

It's a real-time lifeline.
The current purple support line is the 15+30 vertical rise zone.
For those who are long, the green support line -> depending on whether the light blue support line breaks away.
I think you can follow it by adjusting the stop loss at the entry point.


If it breaks away from the purple support line,
The ascending pattern order starts from below.

It is dangerous because it can fall below the bottom after breaking out of the light blue support line.
Please refer to each position.
I hope you operate safely with stop loss required.

See you in the analysis article.


go for it

Trade active:

It has broken out of the purple support line.
There seems to be a high possibility of a sideways move today.
See you soon in the analysis article.

go for it