Bitcoin bybit chart analysis June 16

Jun 16, 2023

Hello

It's a Bitcoinguide.

If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.

If my analysis is helpful,

I would like one booster button at the bottom, please.



Bitcoin 30 minute chart.

It is a one-way long position strategy.

When the green support line breaks from the current position,
This is a section where you can go down hard.

There is no separate indicator, but
It is the condition of the vertical rise in Nasdaq today.
Because the pattern is broken in tether dominance
Created a strategy with a gradual decline or a strong plunge in the afternoon.


*In arrow movement path

long position strategy

1. Entry into long position at $25,530 / stop loss when breaking the green support line

2. $26228 long position target -> Gap over the weekend -> Good -> Great long position target in order


The purple vertical section on the right is the additional main peak generation section next week.


If the bottom price breaks through the weekend, the next support line is $22865.5.


There was a rebound only up to the gap section, and it went sideways
Because it is restored from the main bar chart to the central line section
From next week, you can aim for further uptrend.

If today's rebound is not good or if it breaks the green support line

The downtrend could continue into the next week.


My analysis is for reference only.

I hope you operate safely with principle trading / stop loss essential.


thank you

Jun 17, 2023

Trade closed: target reached

Hello

it's a BitcoinGuide.

The Nasdaq US100 chart, which was previously used, is displayed on TradingView.
It was deleted on the 17th, and the contents of the reproduction could not be delivered.

Please note that the new US100 chart will be launched from next week.



This is the movement after writing the Bitcoin analysis article.
The major sections were marked with a black finger.

Arrow movement path After entering the long $25530
Marked 26228 -> Gap section up to $ 26441.5 Touch and finish

As the target price is reached,
The strategy worked out.

The purple area shown on the right is
The strategy is valid until a new daily peak is created.
while maintaining support
Pay attention to the Good -> Great target section in the upper right corner.

According to yesterday's strategy, in Tether Dominance

4+6+12 dead cross came out
A strong decline occurred.

Everyone is doing well in their respective positions.
I'll see you next Monday.


thank you