Bitcoin bybit chart analysis May 3

May 3, 2023

Hello

It's a Bitcoinguide.

If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.

If my analysis is helpful,

I would like one booster button at the bottom, please.




There is no movement due to Bybit BTCUSD.P chart error
Today we moved to a similar BTCUSD OKX chart.

Bitcoin 30 minute chart.

An arrow path is a one-way neutral strategy.
Even though the same indicators were announced in the last FOMC announcement,
A strong decline occurred.

Today, because it is a 0.25% increase, we proceeded with a little bigger bad news.
The same goes for the tether dominance movement.
This week, Bitcoin judged that the possibility of sideways movement is high.

Focused on Nasdaq movements.



*At the red arrow path

Long -> Short -> Long Switching Strategy

1. Entry into long position at $28593.6 / Stop loss when breaking the purple support line

2. $29353.2 short position switching / stop loss when the red resistance line is broken

3. $28,006.5 long position switching / stop loss when breaking the green support line


I bet on the movement of shaking up and down.

It is a day with a large fluctuation range, so please only refer to it.


Because today is very important
Keep an eye on the Nasdaq movement.


I hope you operate safely with principle trading / stop loss essential.


thank you

May 4, 2023

Trade closed: target reached

Hello
it's a BitcoinGuide.



This is the movement after writing the NASDAQ analysis article.
The major sections were marked with a black finger.

Arrow Path 13213.3 points
After entering the short, it was pushed to the sky blue support line at the bottom.

Short entry timing was good.
It ended after being pushed lower than expected.

The main pattern is broken
The daily chart MACD Double Golden Cross is in order.

After yesterday's FOMC
There is one CPI announcement left on the 10th of this month.
Let's run hard.



This is the movement after writing the Bitcoin analysis article.
The major sections were marked with a black finger.

First arrow movement path after entering $28593.6 long
Violet support broken -> green resistance
29253.2 Untouched and finished.

In the long -> short -> long strategy
There were no bigger movements than expected.

Only until the first long position entry section
The processing was carried out.

The NASDAQ market closes.
I managed to rebound strongly during the hiatus.

This week because of Tether Dominance
We believe a strong rebound is difficult.
You can keep rocking it up and down until Sunday.

We will run hard today.

I'll see you in a minute.


thank you