Bitcoin bybit chart analysis March 3

Mar 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.



Bitcoin 30 minute chart.

It is a one-way long position strategy.
It seems that the direction will be determined in the middle wave according to the Nasdaq movement.


In the case of maintaining the % purple support line without breaking away, the target is up to the Top -> Great section
Movement within the red resistance line / green support line is sideways


*At the red arrow path

long position strategy

$22368.5 long position entry zone / Stop loss when breaking the green support line / $23431.5 long position target price


Because there is a possibility of a rebound without adjustment
After the initial long entry, we focused only on long positions that were maintained or returned depending on the situation.


For the strategy to be successful, a V-shaped rebound is required.

There should be a strong rise or vertical rise in the Nasdaq.
It should be connected from the 12 o'clock indicator announcement to favorable news and rising waves.


My analysis is for reference only.

Please operate safely as principle trading / stop loss is essential.


You worked hard this week too


thank you.

Mar 6, 2023

Trade active

Hello

it's a BitcoinGuide.



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

Proceed along the arrow path
Unfortunately, I couldn't touch the top section.

Based on the Bollinger Band, the 4-hour resistance -> reached the central line of the daily bar, but
I couldn't even touch the 12 hour resistance line.

A new gap was created at the top and
So far, the atmosphere looks very good from the position of long position.





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

Unlike NASDAQ, during the weekend
Extreme transversal finish.

As it was forced to align with the NASDAQ last week,
It seems like you're watching.

without any disturbance
Because it broke away and broke through the main support line and resistance line while crossing.
The strategy is active processing.


A new gap was created at the bottom of $22234.5.

I'll take a look at the Nasdaq movement as a whole.


I'll see you in a minute.


thank you