Bitcoin Bybit chart analysis APRIL 7

Apr 7

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It's a Bitcoin Guide.

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This is the Bitcoin 30-minute chart.

There are no NASDAQ indicator releases, and a 1+4 pattern is currently in progress.

*The red finger indicates the long position strategy.

1) Entry point for the long position at $68,027.2 (buying the price after the rise) / Stop loss if the purple support line is broken.

2) 1st target for the long position at $69,924 -> 2nd target at the top.

Please refer to the waves marked in the middle.
The reason I set the stop loss so low is that if the purple support line is broken,
the point where the mid-term pattern breaks from the bottom touch onwards,
you can expect a drop to the Gap 9 zone this week.
(Maximum zone 1)

Please use my analysis post only as a reference and for practical application.

I hope you operate safely by adhering to trading principles and strictly using stop loss limits.

Thank you.

Apr 8

Trade closed: target reached

Hello.
It's a Bitcoin Guide.
Let's check the movements since the analysis post was written on April 7th.



This is the Bitcoin 30-minute chart.
I have marked the key zones with black fingers.

In the red finger long position strategy (chasing buy),
after entering a long position at $68,027.2,
without breaking the purple support line,
it passed the pink resistance line -> the orange resistance line at 69.9K -> and broke through the red resistance line in the Top zone.

It touched the final Good zone and is currently consolidating.
The strategy was perfectly flawless.
I proceeded with the take-profit.

It rose by just under $5,000.
While this appears to be due to the influence of the Nasdaq,
if you proceed with principled trading according to the trend, it ultimately leads to profit.

- I have been maintaining the position since entering a long position at the bottom of the market at $65,390.7.

I will keep going strong today as well.

Thank you.