Bitcoin Bybit chart analysis May 20

May 20

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.

I thought a lot about whether or not to chase it up, but
Today, we will proceed safely without overdoing it.

Possibility of a correction in the Nasdaq crisis
Because the beat pattern is broken
I thought there was a high possibility of a sideways movement and ended with an upward rebound.


*Red finger movement path

One-way long position strategy

1. $66,264 long position entry zone / stop loss when breaking out of the green support line
2. $68,095 long position 1st target -> Top 2nd target -> Good 3rd target

Because the present is the last short entry position.
When maintaining the purple support line without breaking away
There is a possibility of vertical rise to the top or higher.
For those who are short, if it breaks the pink resistance line, it will be a big problem, right?

The green support line is where the pattern recovers.
This is a place where there must be a rebound.
From section 1 at the bottom, the pattern is broken.
Please note that there is a possibility of further decline after tomorrow.

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

May 21

Order cancelled

Hello.
It's a Bitcoin guide.
We will check the movement after writing the analysis on May 20th.



This is the NASDAQ 30-minute chart.
The main sections are marked in black.

Red finger 18542.6 points in long waiting strategy (Gap retracement section)
Do not come down to the entry point
Without breaking away from the purple support line,
A sharp rebound after touching 18.5 in section 1 as indicated.

After breaking through the pink and orange resistance lines in that order,
It is finished upwards.
There was no separate indicator announcement yesterday.
In a situation where the downside was touched first, there was a sudden sharp rebound.

Because I didn’t come down to the entry point.
It rose stronger than the expected target price and broke through to the highest point.
Also, as an additional daily candle was created today,
A new Gap1 section (18654.2) has been created at the bottom.
It is moving sideways at the central line of the Bollinger Band.

I'll see you in the analysis once I've finished organizing everything.




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

Red Finger $66,264 in long waiting strategy
Do not come down to the entry point
Rapid rebound along with Nasdaq within the purple support line

The strategy was canceled.

Yesterday, I was contemplating whether or not to pursue a chase purchase according to my strategy.
I missed the $5,000 beam.
However, as explained, within the purple support line,
I explained the vertical rise if it is maintained.
I think those who operated in real time with Nasdaq did a good job.

Well over the marked $70,140 Great section.
It is trading sideways at 72K near the red resistance line.

The next target is $73,151.5 in the Miracle section at the top.
Next will be the peak, right?
I explained it from my point of view
It appears that the main downtrend line has been broken.
Yesterday, unfortunately, I missed the entry spot.
Because yesterday is not the only day
We will run hard today as well compared to Nasdaq.


thank you