Bitcoin bybit chart analysis May 16

May 16, 2023

Hello

It's a Bitcoinguide.

If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.

If my analysis is helpful,

I would like one booster button at the bottom, please.





Bitcoin 30 minute chart.

It is a one-way short position strategy.

With Tether Dominance and Nasdaq Movement
The gap section on the floor is resolved, and the direction appears to come out.
At 9:30, there is a Nasdaq index announcement
Depending on the situation, the possibility of sideways movement is high, so please refer to it.

Personally, I cringe at non-trending sideways.



*In light blue finger movement path

1. Entry into short position at $27096.5 / stop loss when orange resistance line is broken

2. $26427.5 long position switching / stop loss when strong blue breakout

$27510 1st target -> 2nd target for the top section


I even recommended altcoin stocks today.
If only the rebound comes out well
Because it is the time when the danger signal passes
It seems like a good move.


My analysis is for reference only.

I hope you operate safely with principle trading / stop loss essential


thank you

May 16, 2023

Trade active

Hello
it's a BitcoinGuide.



This is the movement after writing the NASDAQ analysis article.
The major sections were marked with a black finger.
Light blue finger 13376.8 After long entry,
Break through the orange resistance line -> Follow the purple parallel line to finish upward

I couldn't reach the top section.



This is the movement after writing the Bitcoin analysis article.
The major sections were marked with a black finger.
Light blue finger 27096.5 after short entry
Extreme sideways finish

Since there was no movement, the strategy is active processing.


I am walking sideways without much movement.

Let's look at the whole

see you in a while


thank you