Bitcoin bybit chart analysis March 6

Mar 6, 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.
Today is a day with many diverging points and a high possibility of sideways movement.

There were many difficulties in the analysis.

When viewed in terms of pattern or gap section
It ended with a moderate right-handed sidewalk.

It is a long waiting strategy at the bottom waiting after sideways movement.


*In light blue finger movement path

long position strategy

1. Entry into long position at $22234 / stop loss when breaking the green support line
-> $22591 long position target

If it rebounds from the current position without adjustment
It can rise up to the top price.

You can rock it up and down in both directions.
Opposite trading or long or short wait strategies seem more advantageous than chase trading.


My analysis is for reference only.

Please operate safely as principle trading / stop loss is essential


thank you.

Mar 7, 2023

Order cancelled

Hello

It's a BitcoinGuide



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

In the green parallel line shown
Extreme sideways finish

While touching the red resistance wire at the top
Completed retracement of the gap section from 3 weeks ago

In case of gap retracement,
It also means that the long-term downtrend has stopped.
From a long position position,
Nasdaq is looking very positive.

Let's look at it as a whole.




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

Coupling with Nasdaq
Touch the 22591 shown at the top
Extremely wide protection finish

There was no wave
It failed to break through the orange resistance line.

The strategy was canceled.

In the case of yesterday, the possibility of sideways movement was high.
In the end, it ends after a sideways guarantee with no fluctuation

Ahead of the retracement of the Gap section at the bottom
We'll see what moves come out.

see you in a while


thank you