BTCUSD Bybit Chart Analysis May 31

May 31, 2022

Hello.

“Make it simple, make profit”
It’s BitcoinGuide.

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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 31.





30 days analysis,
It is a movement after the final finish.

I marked the main sections with black fingers.

Start with the first short positioning,
The strategy was carried out by focusing on returning the Gap at the bottom.

But, without breaking the purple support line

As it is, it ends after an upward rebound.
It has risen to near the indicated Top price.
A short position strategy has been treated as a short stop loss or a main break.

Also yesterday about long position stop loss correction.
As I explained, the revenue continues to be maintained.

Nasdaq ditching the gap
Bit ran away with altcoins

After the rebound, there is a difference in movement with the Nasdaq
In the future, we plan to only focus on Bitcoin.

It may take up to 2 weeks to return the gap at the bottom.
Please take a look and I will check it out as a whole.







Bitcoin 4 hour chart.

Today's approximate Top and Bottom prices are displayed.
Because it was decided as a short position in the morning vote

When the purple parallel line is broken,
Please note that an uptrend may be connected.

Purple support line / Green support line
Pay attention to the rebound period.

Because the pattern or signal is still alive
I put more weight on the downward slope rather than the vertical decrease.

I made today's trading strategy.







After analyzing today, it seems that long and short voting should not be conducted. haha

An uptrend is in progress and the short-term downtrend is
Constructing itself is not possible at the present time.

Still, a promise is a promise, so even if it was unreasonable, I proceeded with a short position strategy.

This is a 30-minute chart one-way short position strategy.

The pattern is alive, there are no dangerous signals, and there are no whipping conditions.
I tried my best.


If the current position crosses the red resistance line, the short position strategy will fail.
Please note.


At the current location, the trend must die, the odds are there.

In case of breaking upwards, please refer to the red arrow movement path.


* When the light blue finger moves

Short -> Long -> Short -> Long Switching Strategy

Each major section is marked.

Since it is just before an uptrend, the trend must unconditionally die at the current position.
The purple/green support line is connected to an uptrend.
When you reach it, be careful of the rebound.

Basically, the 1-hour chart MACD dead cross must be imprinted unconditionally.
It is more likely to go down.



If a decline is connected without a rebound from the current position
Gap return may occur in the bottom section.

I need to trade in a trend, but I'm doing the opposite by voting haha

The likelihood of a decline is so low that
For those who are maintaining a short position, please observe the stop loss unconditionally.
I hope you do trend trading.

Don't forget to buy in principle / stop loss is essential.

Tomorrow is Election Day, so I'll take a day off and see you on Thursday.


thank you.

Jun 2, 2022

Trade closed: target reached

Hello

It's a Bitcoin guide.

After writing the analysis on May 31st, we will check the movement.




It was a 30-minute Bitcoin chart, a short position strategy.
I marked the main sections with black fingers.

short -> long -> short

Failed to break through the red resistance line
Violet support line break -> green support line break
Exactly in the section shown, I am earning 4087 dollars round trip.

Congratulations to all who made a profit.

There is not much left until the current Gap reversion.

The adjustment I wanted came out sooner than I expected.

In the Gap Retrieval shown below,
Will there be a strong rebound or will the downtrend continue?
Let's look at it as a whole.

I'll see you later.

thank you