BTCUSD Bybit Chart Analysis April 7

Apr 7, 2022

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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 April 7.






Bitcoin real-time market conditions.
More details are at the bottom of the analysis on April 6th.
I've summarized it in the comments, so please check it out.


For the past few days and this week, the beat movement has been very strange.
After examining it, it seems to be because of the Nasdaq in the end.


Bitcoin 30-minute chart on the left / Nasdaq daily chart on the right

At 3 a.m., the Nasdaq chose to decline.
Instead, the daily chart MACD dead cross was engraved.

Bitcoin reached the marked $43046.

In fact, for the time being, until the Nasdaq recovers
Bitcoin analysis seems meaningless.

Nasdaq -> Apply Bitcoin pattern

It looks like the above work is necessary.

Although a danger signal was imprinted on the Nasdaq,
Will the rebound succeed today or will there be further declines?

It would be good to focus on this part.

Bitcoin has gone crazy again.

Then fight today too,







4 hour chart

In fact, Bitcoin analysis is meaningless for the time being.
It would be good to focus on the main support lines.

I think the maximum support line this month will be around $40,240.
Orange -> green resistance line following Nasdaq movement
Depending on whether or not there is a breakout, it is connected to the support line at the bottom.

in terms of bits

around the purple support line

Check the red up/light blue down movement path


I made today's trading strategy.








30 minute chart one-way neutral strategy

There is one worrying factor.
Again, it's because of the Nasdaq.

It has reached the same major support line as yesterday's beat.
Because there can be a strong downtrend once in a while
It seems to matter what kind of movement the beat comes out of.

Because the Nasdaq support line is rising,
There is a possibility of a double bottom, but if the rebound fails, a strong decline is possible.

Bitcoin is currently only waiting for the monthly major support line.

In my experience, it seems difficult to go down at once,

If you touch the bottom section today,
That would be a major rebound.

Please note



* When the red arrow moves,

Short -> Long -> Short Switching Strategy

1. 44142.5 USD short position entry section / Please note that this may continue to rebound without adjustment depending on Nasdaq movements.
A Stop Loss price above the pink resistance line.

Also, based on the touch of the green resistance line, it could be the best short spot of the day.
If a downtrend is connected, please note that it may be connected with the sky blue finger at the bottom.

$2.43556 Long position switching section / Stop loss when the purple support line is broken

$3.45426 short position entry section / 4 hours center selection
It seems difficult to come out at once on the Nasdaq as well.
Unless it rises without adjustment,





There are no indicators announced today.
The main question is whether the Nasdaq keeps the bottom section without adjusting, and whether it succeeds in a rebound by touching it (double bottom),





Bitcoin just follows, so please refer to today's main sections

I hope you wait until the timing of the short or long position before operating.


It's hard to explain haha

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





thank you.

Apr 8, 2022

Trade active

Hello

It's a Bitcoin guide

After writing the analysis on April 7th, we will check the movement.



I finished yesterday without a final comment.
Fortunately, it was finished without any major movement.
I always had an accident when I was away.
I was nervous, but I'm glad



This is the Nasdaq 4 hour chart.

The main reason Bitcoin went sideways was because of the Nasdaq.

Thankfully, the support line that was uncomfortable last week because I couldn't touch it.
It's Touch right up to the sky blue support line and sideway move.


Support or rebound?

It's exactly the center position, but it's a big deal.

Overall, thoroughly inspected.

I'll see you later.