Bitcoin Bybit chart analysis May 24

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.

There was no short entry position for beats either.
The 5-minute bar trend reversal has also been successfully achieved.
If the orange resistance line is broken, the short-term downtrend will be broken, but
It is a position where it is difficult to rise vertically all at once.
There is also a possibility of a sideways move.

NASDAQ movement short->long
Even the possibility of tether dominance going downhill.
After much thought, I came up with today’s strategy.

*Red finger movement path

Two-way neutral strategy

1. Chase buy at $67383.5 / stop loss when the green support line is broken
2. Short position switching at $69312.5 / Stop loss when the red resistance line is broken
3. Long position switching at $68,007 / Stop loss when the green support line is broken

Afterwards, the target for long positions over the weekend is the Good -> Great range.

Near the 30-minute resistance line
Adjustment may occur immediately at approximately 68K.
Section 1 is an extremely lateral crossing.

If you can't touch it, if you fall vertically
No. 2 -> to the bottom

Please pay attention to Nasdaq movements.
Margin trading always requires a stop loss.


My analysis up to this point is
Please simply refer to it and use it.


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

Thank you for your hard work this week.


Thank you so much.

Trade active:

Oh, the 5-minute bar trend hasn't changed yet.
If you are on a long wait, please check.

Even if it breaks through the orange resistance line
There is a high possibility of sideways movement, so it is very difficult for the strategy to succeed.
Please use the analysis in real time.

I'm really going.

go for it

Trade closed manually:

Hello
It's a Bitcoin guide.
I will check the movement after writing the analysis on May 24th.

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

Red Finger Long->Short->Long Switching Strategy
At the bottom, after long entry at 18667.3
Breaking through the orange resistance line without any adjustment.
The sideways trading ended as is.


Friday's movement created the 18798.3 Gap section at the top.
There was a reversal at around 2pm.

For Nasdaq, the main signal is the MACD golden cross.
Pay attention to Bollinger’s upward and downward touches.
I will explain more details in the analysis article.

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

Red Finger Long->Short->Long Switching Strategy

After chasing $67383.5
Breaking through the pink and orange resistance lines.
As we reach the red resistance line
After Friday, the target price of $69312.5 indicated on Saturday was reached.
Walking sideways over the weekend

After short entry at $69312.5, there was a correction.
At the bottom is the $68007 long switching entry section.
I can't touch it because there is a difference of about 90 dollars.
The $68,867.5 gap retracement that occurred over the weekend is completed.

If the movements had been connected all at once on Friday, it would have been perfect.
It's a little disappointing.

Even the weekend movements are carried out according to strategy as much as possible.
The strategy is manual liquidation.

MACD deadcrosses 4-hour chart due to weekend movement
It has been imprinted, but the short-term pattern has been broken.
It touched the upper Bollinger band, but also touched the 1-hour support line.
The best short entry position has been created.

For those who are maintaining a position, the price indicated at the bottom starts from $68,007.
Please refer to the support line and support price.
I will explain more details in the analysis article.


thank you