Bitcoin Bybit chart analysis May 10

May 10

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
Nasdaq is trending upward.
Beat is debating whether or not to break the record.

I'm more loyal than I look...
Purple finger on the left, $63,035
I tried to connect it to the strategy of those who switched short yesterday.


*Red finger movement path

Long position strategy

1. $62,734 long position entry zone / stop loss when breaking out of the green support line
2. $63709.5 long position 1st target -> Top 2nd target -> Good 3rd target

As I focus on strategy,
Because I was scared of variables, the number of targets at the top decreased a lot.
Top or above is a position that can be sufficiently promoted.

It is better to touch the long position entry section of $62,734 as late as possible.
For example, after the MACD deadcross was imprinted on the 1-hour chart.

If the green support line continues to be maintained somehow,
The upward trend may continue.
Section 1 at the bottom is a sideways road sloping upward to the right.

First of all, the biggest problem last night was
The 12-hour, daily chart MACD deadcross was ignored.
In Tether Dominance, we implemented a strategy with a vertical decline condition.
An additional daily candle is created today, provided that the daily low is not broken.
I bet on the rising wave.

If Nasdaq shows a strong or vertical rise,
Your strategy is more likely to succeed.


finally ,
If the strategy is successful, those who went long yesterday will
Including entry into existing altcoins
Boarding the automatic rice cake train is complete.

If you drag up or down the chart,
You can check major support and resistance prices, so make good use of it.


My analysis up to this point is for reference and use only.

I hope you operate safely with principled trading and stop loss required.

Thank you for your hard work this week.
Have a nice weekend everyone.


thank you

May 13

Trade closed: stop reached

Hello
It's a Bitcoin guide.
I will check the movement after writing the analysis on May 10th.




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

Red Finger 18130.8 It was a long position waiting strategy, but
First, touch the target price of 18234.8 in the top section shown above.
A downward wave occurs

It ended with a sharp sideways move.

Nasdaq only touches the center line of the Bollinger Band 4-hour chart.
We continue to hit major resistance lines.
Today, we are touching the upper Bollinger Band first.
The signal is also rising, but there doesn't seem to be any major problem.




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

Last Thursday at the top left
After entering a short position of $63,035, Purple Finger

Red Finger $62734 long position switching strategy
Downward wave -> Vertical decline occurs
After breaking away from the green and light blue support lines,
It fell near the bottom.

The strategy was to take a stop loss.

According to the Ichimoku Balance Sheet
Only on the 1-hour chart, good luck was kept thin.
Because the support line was open below it.
If you break away, you will be coupled with Nasdaq in a dangerous position.
There appears to be a vertical decline.

As the wave grew bigger around 9 p.m.
While watching the Nasdaq, when the decline began in the Nasdaq
There was a strong decline from 11 o'clock.

The strategy was explained in detail in the video and article.
I think everyone did a good job with principled trading.

Those who continued to hold short positions
I think you must have made quite a lot of money.

Last week's movement created a new gap section of $60,495 at the bottom.
A rebound is in progress without a touch.
The true wave and support line at the bottom is maintained without breaking.
We will explain more details in the analysis article.


See you in a moment


thank you