Bitcoin Bybit chart analysis April 29

Apr 29

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is no Nasdaq index release today.
MACD dead cross was engraved on the weekly chart.
Nasdaq also seems to be in a good mood,
We will aggressively try to capture the bottom.

Instead, the downside is open and there are many variables,
Please read the analysis carefully.


*Sky blue finger movement path
Two-way neutral

Short->Long switching strategy

1. Short position entry area of $63,201 / Stop loss when the orange resistance line is broken
2. Long position switching at $62,174 / Stop loss when the green support line is broken
At the top, $63,997 long position primary target -> Top section secondary target

Don’t get off right away at your current location.
If you come down without touching 63.2K
62.1K Long position waiting (if short entry slightly fails)

If it falls immediately from the current position
Section 1 at the bottom is where a downward tail rebound can occur.
Check if it breaks out of the light blue support line.

If you touch or leave the bottom section today
There may be a mid-term downward trend after tomorrow.
Those operating long positions should be careful.

The boring sideways movement continues.
If you succeed with your strategy today, you will feel comfortable starting tomorrow.
You may proceed with purchasing additional altcoins.

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

Apr 30

Trade closed: target reached

Hello
It's a Bitcoin guide.
I will check the movement after writing the analysis on April 29th.




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

Red Finger 17704.3 In long waiting strategy
Gap reversal is completed after touching Uptrend at the top
It ended with a sideways trend sloping to the right.

Breaking through the downtrend line
The perspective is the same as yesterday, but

After first touching the bottom of the Bollinger Band 30-minute chart today,
MACD deadcross on the 4-hour chart is in progress.
It doesn't seem easy today either.

I will look at it as a whole and summarize it in the strategy article.




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

Yesterday's light blue fingers
It was a short->long or long position waiting strategy.

First touch the light blue number 62174 at the bottom
Break through the pink->orange resistance line without breaking away from the green support line.

Hitting the red resistance line at the top
There was even a Gap retracement at the target price of $63,997.

The strategy was carried out as expected.

With yesterday's movement
Bollinger Band 4-hour chart resistance line to daily chart central line
I touched it first
The main signal is a rising signal sequence.

Is the long entry position taken yesterday the bottom of this correction?
I think I need to check it out.
On the daily chart all day today
It looks like there will be a struggle to break through the central line.


We will discuss this in an analysis article later.

thank you