Bitcoin Bybit chart analysis April 17

Hello

It's a Bitcoinguide.

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

After breaking out of the light blue support line, it falls significantly.
You should pay attention to the light blue support line in each long or short position.

In any case, if we maintain the light blue support line without breaking away,
Because the likelihood of it continuing to rise increases.
Is tether dominance touching the main resistance line?
I think it would be good to see if the trend continues at this point.


*Red finger movement path

Long position strategy

1. $62499.5 long position entry zone / stop loss when breaking out of the light blue support line
2. Long position target price of $65,888 -> Gap secondary target

Section 1 at the bottom is the last extreme crossing section.
Section 2 is a place where you can play around with double bottoms on the lower tail.

I hope you make good use of it by watching the Nasdaq movements.

My analysis up to this point is
Please simply refer to it and use it.

Please operate safely with principled trading and stop loss required.


thank you

Trade closed: stop reached:

Hello
It's a Bitcoin guide.
I will check the movement after writing the analysis on April 17th.

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

It was a light blue finger short->long switching strategy.
At the top, 17844.1 without short entrant retouch.
It falls straight down to section 1.

It has reached the central line of the weekly chart.
A new gap section of 17500 has been created at the bottom.

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

It was a red finger long position strategy, but
After entering long position at $62499.5
Breaking out of the light blue support line

The strategy is stop loss.

At the deep blue support line indicated at the bottom,
Break the previous low and achieve a double bottom
A rebound is underway.

The expected double bottom section was number 2.
Coupled with Nasdaq, a rebound is underway in a slightly ambiguous place.

This is the Tether Dominance 4-hour chart.
The resistance line indicated at the top must not be broken.
It's a resistance line.

It felt like I was touching it all week.
Yesterday, I made a double bottom and eventually completed the touch.
I was unable to touch the central line of the weekly chart.

From today, depending on the movements of Nasdaq
It appears that there will be a mid-term rise and fall.
As bits are coupled with the recent Nasdaq issue,
This is a very difficult situation to analyze.

Still, I've reached the place I've been waiting for.
I will run hard today as well.

I will explain more details in the afternoon analysis article.


thank you