Bitcoin Bybit chart analysis March 4

2 days ago

Hello
It's a Bitcoinguide.

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This is the Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement.
In the analysis I left today,
I would be grateful if it moves sideways without breaking the green support line.

Today's two main points of view are
Whether the 12-hour chart MACD dead cross is in progress
and
The Tether Dominance 4-hour chart center line is above
The thin section of the cloud (possibility of a crash).

I thought it would be complicated if I explained it in both directions,
so I approached it very simply.
It is an ambiguous position before the decline in Tether Dominance (tail section when taking a short position in a plunge)
Bitcoin also touched the support line of the 2-hour Bollinger Band chart today
(additional downtrend or sideways section)

Since there was no short position entry position today,
we proceeded with the final sweep (plunge) of Tether Dominance in line with the 12-hour chart MACD dead cross imprint from 9 PM to 9 AM when the 12-hour candle is created.

If you don't understand, please read it repeatedly.

*When the blue finger moves,
it is a short position strategy
short->long switching strategy.

1. $85,584.5 short position entry section / stop loss price when breaking through the pink resistance line

(The pink resistance line section is the center line of the 4-hour Bollinger Band chart based on Tether Dominance,
but since it is the order of the 4-hour chart MACD dead cross and the positive cloud is maintaining thin,
you should be careful because it can rise strongly when breaking through this section.)

2. $80,103 long position switching section / stop loss price when breaking through the blue support line
(A strong rebound before and after breaking through the blue support line is sweeping through Tether Dominance -> a crash condition.)

3. $86,935.5 long position 1st target
-> After the 12-hour chart MACD dead cross is imprinted, the 2nd target price is the top section

Currently, in Tether Dominance, the 6+12 pattern has touched the daily center line, so the mid-term pattern It's broken.

From reaching the top section, continue to maintain a long position

If the condition is Tether Dominance

Based on the recovery of the 12+ daily pattern

You can see the resistance line of the Bollinger Band 12-hour chart -> near the daily central line.

(Here, take profit and final short switching depending on the situation)

If there is no rebound in the bottom section today

You should look at the 2nd section from Gap7 at the bottom

And if it continues to fall, this week's major rebound section

I will organize it again later.

Please use my analysis article for reference and use only

I hope you operate safely with principle trading and stop loss prices.

Thank you.

2 days ago

Trade active

Even if it comes down right away without touching the short entry point at the top,

80103 dollar long position waiting -> stop loss price when Jinpa-rang support line breaks

Same

2 days ago

Trade closed: stop reached

Hello
It's a Bitcoin Guide.

I will check the movement after writing the analysis article on March 4th.



This is the Nasdaq 30-minute chart.
I marked the main sections with black fingers.

In the short->long->short or long-waiting short switching strategy,

The purple finger 1 section at the top was adjusted without touching it,
and 2 -> 4 at the bottom fell to near the blue support line.

After rebounding to the orange resistance line at the top,
it is moving sideways.

If you check the time zone on the 30-minute candlestick chart,
it was adjusted at 11:30 PM -> rebounded at 1:30 AM,
and it first touched the upper part of the Bollinger Band resistance line and is moving sideways.

Yesterday, in the case of the Bottom section,
I drew the chart by matching the weekly chart support line,
and it touched the support line cleanly and is rebounding.

This week, since the weekly chart support line shape was supporting,
I judge that touching this section is meaningful.

I will explain the details together in the analysis article.



This is a 30-minute Bitcoin chart.
I marked the main sections with black fingers.

In the blue finger short->long or long waiting strategy at the bottom,

after touching the purple finger 2nd section 83,076 dollars,

it did not deviate from the purple support line,

and broke through the short position entry section 85,554.5 dollars at the top.

After that, it reached the target price Top section at the top.

The strategy is to cut losses.

If you look at the time zone in the candle,

After the upper tail adjustment at 10:30, which is the same time zone as Nasdaq,

There was a rebound in the second section at 1:30 AM,

and after coupling with Nasdaq, there was a rebound in the morning.

If you operated it with the 5-minute trend change that I explained in real time yesterday,

I think it would have been operated without any problems.

In the case of maintaining a long position from the second section,

There is an increase of about $7,500 to the top price.

The important 12-hour chart MACD dead cross yesterday was ignored,

and in Tether Dominance, the 4-hour chart center line is falling,

so a strong rebound is in progress in Bitcoin, just as I explained yesterday.

Also, since the participation rate in TradingView was good yesterday,

We plan to operate it as a full disclosure today. Since there is some direction from Nasdaq,
This week seems a little easier.

I will try hard today too.

Thank you.