Bitcoin Bybit chart analysis May 3

May 3

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There will be a non-agricultural index announcement at 9:30 tonight.

Both Nasdaq and Bitcoin are in a zone with a very high possibility of sideways movement.
If it falls, it may fall significantly.
This is an unfavorable section for long positions.
There are many variables to explain today, so please read the analysis carefully.

Also currently NASDAQ, Bit, Tether dominance
In all, some patterns are broken.
We created the most realistic strategy.

At the bottom left is $57,938 that entered yesterday.
Let’s connect today’s strategy starting from the entry section of the purple finger long position.


*Sky blue finger movement path
Two-way neutral
Short->Long switching strategy

1. $59705.5 short position entry zone / stop loss when the orange resistance line is broken

2. Long position switching at $58848 / Stop loss when the green support line is broken
At the top, $60637.5 long position primary target -> Top secondary target

Short -> Long or Long Wait
Of the two, I think it would be better to start with the section you touch first.

Section 1 at the bottom is the section where the short-term pattern is broken.
Cleanly within the purple support line without touching it
There must be a rebound.

From the breakaway from the green support line, from bottom to section 2 -> Bottom -> 3
It may fall, so be careful.

Next Monday the 6th is a public holiday.
I'm also going to take a break from analysis.

If you drag the analysis text left up or down,
If it rises or falls compared to the current chart screen
I left the support price and resistance price.
I think it would be a good idea to use it while I'm away.


Please note that my analysis up to this point is merely for reference and use.

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


Thank you for your hard work this week.


thank you

May 3

Trade active

This is a real-time emergency comment.

*Light blue finger at the top after short entry at $59705.5
If you break through strongly,

It can rise to $60637.5.
Check your stop loss carefully to see if it breaks through the orange resistance line.
(Bollinger Band 6-hour resistance line)

*In short->long switching
If you touch $59705.5 and come down
You might miss the entry point at the bottom.
The existing price was $58,848 -> it was revised to $59,011.5.

If you fall immediately from your current location
It would be good to follow the existing strategy and refer to $58848 or section 1.

Because the pattern was broken in a position with a high possibility of sideways movement.
There are so many turning points today.
Please refer to the information I left behind.
I hope you operate safely with principled trading and stop loss required.


Let's go for real.


thank you

May 7

Trade closed: target reached

Hello
It's a Bitcoin guide.
I will check the movement after writing the analysis on May 3rd.



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

Red Finger 17540.4 In long position waiting strategy
From Top to Good section without touching the entry position
has risen.

With this rebound, the weekly chart Bollinger Band
A candle was created above the center line.
It ignores the danger signals and continues to rise.

It has been moving sideways since the Bollinger Band touched the upper side.
We will explain more details in the analysis article.



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

light blue fingers
Short -> Waiting for long or long position
I proceeded with the strategy starting from the section where I touch first.

After entering long position at $58848 at the bottom
Without breaking away from the purple support line
Breaking through all the major resistance lines indicated,
Just go to the Top -> Good -> Great section.
Touched in order.

The strategy worked perfectly.

Bottom left, $57,938 long position from May 2nd
For those who are maintaining it, the strategy is a huge success.

After the rebound, there was a strong correction.
Gap section that occurred over the weekend: $62,894.5
It seems to be due to reversal.

Currently maintaining the 1+4 section.
At the center line of the Bollinger Band daily chart
A power struggle is underway.

We will explain more details in the analysis article.


thank you