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BitCoinGuide
Apr 9, 2024 9:18 AM

Bitcoin Bybit chart analysis April 9 Long

BTCUSD Perpetual ContractBybit

Description

Hello

It's a Bitcoinguide.

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

It has now reached 1+4 positions, but
Because the MACD deadcross on the 4-hour chart is not engraved
To rise while maintaining the pattern
I created today’s strategy in preparation for Tether dominance.


*Red finger movement path

1. $69,900 long position entry area / stop loss when the purple support line is broken
2. $72,244 long position 1st target -> Good 2nd target -> Great 3rd target

If you drag up or down to make it larger, the main price range will be displayed.
Section 1 at the top is the short position operation section.
Section 2 at the bottom is a sideways trading section where the mid-term pattern is broken.

When reaching section 1 at the top
I think it would be a good idea to try a short position.
Because there is a high possibility that adjustments will be made without touch.
We safely proceeded with waiting in a long position.

Tomorrow is election day for the National Assembly of Korea.
I will not be doing a separate analysis article.
There will be a CPI indicator announcement tomorrow night at 9:30, so I hope everyone does well.

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

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


thank you

Trade closed: stop reached

Hello
This is a Bitcoin guide.
I will check the movement after writing the analysis on Tuesday,
April 9th.



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

Sky Blue Finger 18066.8 points It was a long-standing strategy, but
After touching the green support line marked below at 18009.4, it rebounds.
After reaching 18173, it was completed perfectly.

Analysis was not conducted on Wednesday's CPI.
After the downward wave, it ended after touching the light blue support line of 17949.3.
The mid-term pattern has been broken due to yesterday's movement.
It's going sideways.

Please check the analysis article for more details.



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

Red Finger $69,900 long position was a waiting strategy, but
Breaking away from the purple support line -> After touching the indicated sideways section no. 2
The sideways trend ends within the green support line.

I hoped the medium-term pattern would not break, but it did.
The strategy was to take a stop loss.


CPI for which analysis was not conducted
With some degree of coupling with Nasdaq,
Strong rebound after a retracement of $67,614 in the gap section indicated below.
Currently, it has succeeded in rebounding to near section 1.

It's a rebound in the 4+6 section.
12 hours, because the center line of the daily chart was touched
There is an element of anxiety.

All signals are in golden cross progress.
Whether the Bollinger Band daily chart deviates from the central line seems important.
Let's compare it to Nasdaq and look at it overall.

See you later in the analysis post.


thank you
Comments
MyCryptoParadise_Nathan
Really appreciate the depth of research in your post!
BitCoinGuide
@MyCryptoParadise_Nathan, Thank you very much :D
MyCryptoParadise_Nathan
@BitCoinGuide, welcome brother, you really do great works, keep it up
BitCoinGuide
@MyCryptoParadise_Nathan, Yes, of course. thank you
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