BTCUSD Bybit Chart Analysis March 7

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Only 30 Min chart ,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for March 7.

This is the movement after the analysis was written on March 4th.

More details are in the comments.


hold up well
BB 1 hour, 2 touches on the center line, then a downward wave
Finished off with a sky blue support line.

Near the final bottom, break out to the sky blue support line

There was no separate entry point.
Because I was personally maintaining a long position.
I have processed a stop loss / The strategy has been canceled

Existing BB 1 hour center + 4 hour support -> 4 hour support + 6 hour center
I was pushed as the pattern was broken in succession.
I've finally reached the danger zone.

While rebounding and falling in strange places
The long-position strategy was carried out as a psychological warfare.
It's a strategy failure.



Recently, it has been heavily influenced by the Nasdaq.
Regardless of the Bitcoin chart movement
It is connected to the main section.

I tried to ignore the Nasdaq move, but
Globally, it is true that it is affected.


It won't be the same movement over and over again.
Because it's important to keep up with the flow until you calm down
For the time being, we plan to focus on the Nasdaq movement.


I marked the gap between the pink gaps at the top.


Let's look at it as a whole.

4 hour chart

Today's approximate Top and Bottom prices are displayed.

Look at the black finger at the bottom.
I waited for you in the last suspicious rebound

Dark blue support line -> Pink support line is the bottom section

Based on the gap return section at the top
It's important to know what kind of movement you make.

Red up/light blue down movement path check

I made today's trading strategy.

This is a 30-minute chart one-way neutral strategy.

As explained above, I made a strategy centered on the Nasdaq.


To be precise, it is a long -> short switching strategy.

It is a strategy for Gap retracement common to Bitcoin and Nasdaq,


Lately, the Bitcoin time zone hasn't been right, either.
It seems to have been heavily influenced by the Nasdaq.

For the time being, let's proceed with the strategy while looking at the Nasdaq movement.

(In the rebound on the 28th, Bitcoin
Because it was good luck, a stronger rebound than the Nasdaq / Today is a dangerous section
There is not a high chance of a strong shot like last time)



* When the red arrow moves

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

Today at $38454 for the first short section
If the down wave is not connected and breaks through the red resistance line,
The biggest risk factor for long positions disappears.


1) $37990.5 long position entry section / Stop loss price when the purple support line is broken

2) $39,280 long position target and / short position operation section

3) $37907.5 long position switching section / Stop loss when the purple support line is broken



In case of long position or spot exchange operation
I recommend short-term trading with major altcoins just like Bitcoin.

For the time being, compared to the Nasdaq movement following today's retracement,

It is advantageous to operate


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

Thanks for reading

Trade closed: target reached:

Hello.

It's a Bitcoin guide.

Due to the recent Russian war, the beat movement has been messed up.

Seeing that major stock markets around the world are moving along the Nasdaq
(exchange rate, gold price increase)
Yesterday, after the Nasdaq intensive analysis,
It was a strategy that substituted the movement of Bitcoin.
Let's check the whole movement.

This is the final Private comment of the Nasdaq 30-minute chart on March 7th.

The recent beat movement is out of time,
The pattern or wave does not match, so until the main time period,
Focused on Nasdaq

The key points of the Nasdaq on March 7 are:
After Gap retracement -> Daily chart MACD dead cross.

It's a move after that.

The first long is without counting
13804.6 point short / 420.7 point profit section

At the bottom, it was pushed down in the long switching section,
come back to the switch point.

Likewise, March 7th is the final round of Bitcoin.

It was initially aimed at the Nasdaq.
It proceeded without major changes from the existing strategy.

In the gap section, the short position is ,
It was because of the daily chart MACD dead cross on the NASDAQ chart.

It's a move after that.

The first shot is not touched, so no counting

1. $37990.5 long / $1317.5 profit section
2. $39280 short / $1305 profit section
3. $38123.5 Long / 521.5 Earnings

Up to $3100 in revenue is in progress.

At the bottom, it was pushed down according to the Nasdaq movement.
I think the overall flow fits the strategy well.

Even in the early days of the corona virus around 2021,
Bitcoin has followed the Nasdaq movement.
Major stock market movements around the world are also mainly following the Nasdaq.

The strategy is a huge success.

It was pushed back a bit, but it went double perfect.

I've been very frustrated with the beat movement lately.
Investigating the cause, taking a broader view
The answer was nearby.

I ignored the Nasdaq move, but I regret it.

Of course, we do Nasdaq analysis as well.
Although it is not easy to interpret the analysis in Bitcoin itself,
If you look similar to the beat -> alt movement
It doesn't seem difficult


In the future, it is possible to utilize the Nasdaq movement even to a reversal of an uptrend.
There is a way, if you continue to participate and stay together
I think we can catch up


thank you.