BTCUSD Bybit Chart Analysis May 3

BitCoinGuide Updated   


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Only 30 Min chart ,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 3.

This is the movement after writing the analysis on May 2nd.

More details are provided in the comments below.
Please note.

bitcoin 30 minute chart,
I marked the main sections with black fingers.

Yesterday could be a good opportunity for Bitcoin.
BTC is missed.

arrow moving path standard
Follow the orange parallel line without breaking the purple support line
The extreme sideway move has been completed.

Even in the sky blue finger downward wave
It does not come down to the end, and the sideways end.

I am walking sideways without wave or departure from the main section.
The strategy was treated as active in progress.

Even with the same sideways price, the bit follows the Nasdaq movement.
What is this, unless you're looking at the 24-hour chart
If it is judged to be a sideway move.
Waiting on the upside and down, after the stop loss of the main support resistance line,
Short-term trading appears to be the answer.

You need to show a direction to do trend trading.
There is a lot of boring movement going on.

We will not give up and will try hard to hold a position today.

This is the Nasdaq 4 hour chart.
Overall, I searched for a short position entry section.

BB 30 minute resistance -> 1 hour resistance -> 4 hour center line -> 4 hour resistance

Listed in order, in the standard

Currently the 4-hour center line, the 4-hour resistance line is a short position.
can be a target.

However, when looking at the overall pattern order or flow,
The 12-hour chart MACD Golden Cross is also in progress.
The normal short position range seems to be about the daily center selection.

That section will be near the bright light blue resistance/trigger spot at the top.

I'll upload the sections I haven't touched in the meantime
After that, it looks like there will be a place to enter again.
Going right today, about tomorrow afternoon
I think there will be no short entry.

Let's look at it as a whole.

Bitcoin 4 hour chart.

Today's approximate Top and Bottom prices are displayed.
around the green support line

Check the red up/light blue down movement path

Please note that the true wave and support line cannot act as support lines.

I made today's trading strategy.

This is a 30-minute chart one-way neutral strategy.

Since last week, the Nasdaq has been sideways, making it more difficult to find a direction.

When looking at insignificant indicator announcements, Nasdaq patterns, etc.
Today I saw the possibility of a moderately upward trend and created a strategy.

If you hit the bottom first, I left a light blue finger movement path.
(Orange parallel line downwards to the right)

Yesterday was a Extreme sideway move, so it would be good to use the position as it is.

* When the red arrow moves

Short -> Long -> Short Switching Strategy

1) $38933 short position entry section / Stop loss when the red resistance line is broken

2) 38306 long position switching section / Stop loss when the green support line is broken

3) $39742 short position switching section / Stop loss when breaking through the sky blue resistance line

Because I have to watch the direction tomorrow

Short-term trading seems to be advantageous.

It could fall strongly following the Nasdaq movement.
I hope you take good care of it if you deviate from the bottom section.

thank you.

Trade closed manually:

It's a Bitcoin guide.

I will check the movement after writing the analysis on May 3rd.

This is the Nasdaq move after the final round.

I marked the main sections with black fingers.
Within the 1-hour chart support and resistance.
The Extreme sideway move has been completed.

Bitcoin 30 minute chart.

I marked the main sections with black fingers.
Nasdaq is extreme sideway move -> Bitcoin Down trend sideway.

Finally, Bitcoin seems to be crazy haha.

break the green support line,
While detouring, proceed with the blue finger movement path.

The sideways trade ended without any rebound.

Depending on the strategy, the upside will break out of the green support line and lose the weakness.
The short operation is a profit section of 844.5 dollars.

Yesterday, I was concerned about the possibility of extreme sideways trade.
It looks like a down trend sideway , and is organized by manual liquidation.

It's on a slight rebound, so let's take a look at it overall.

I'll see you later.

thank you.

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