BTCUSD Bybit Chart Analysis May 4

May 4, 2021

Hello,

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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 4th .







This is the movement after writing the analysis on May 3rd.

Red arrow / sky blue finger moves to the middle.
The trading strategy has been canceled.

Red Support Line / Bottom
Final finish.

There was a whipsaw.









4 hours chart.

Overall, I have marked the main sections.

Check today's Top / Bottom price.

Largered parallel line support resistance line
Smaller within the sky blue resistance line / green support line

It seems that the direction will be decided.


Focusing on this part,
I created today's trading strategy.









This is a 30-minute chart short position strategy.

Based on the orange resistance line
(over shooting line)

*Red arrow

Short -> Long -> Short switching strategy.

Purple Support Stop Loss /
Target is the red resistance line.


*At the time of the sky blue finger movement path

Short -> Long switching strategy.

Short position stop loss orange resistance line

In the final bottom section,
Long position switching.

Supported by the green support line
Sideway move.

This week for personal reasons Very busy.
And Tomorrow is a Korean holiday.

Because of my work, it is difficult to write an analysis.

Thank you for your understanding,

Have a nice day.

Thank you.

May 4, 2021

Note

May 4, 2021

Trade active

May 5, 2021

Trade closed: target reached

$ 4100 profit