Bitcoin Bybit chart analysis April 18

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BYBIT:BTCUSD.P   BTCUSD Perpetual Contract

It's a Bitcoinguide.

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Bitcoin 30-minute chart.

There is no Nasdaq index release today.
Nasdaq Bollinger Band weekly chart center line touch section / bottom gap created
Even in Tether Dominance, the Bollinger Band's main peak did not touch the center line.
This is the position just before the uptrend.

Basically, there are a lot of variables.
Even Nasdaq showed irregular movements.
It's really difficult to keep up with the beat.

Because the movement before and after the gap retracement occurs on NASDAQ is different.
From the current location
Above or below support or resistance levels
I created a strategy in case I touch it first.

*Red finger movement path
Long position strategy

1. $60,164 long position entry zone / stop loss when breaking out of the red support line
Target price: $63,915 Primary target -> Top secondary target

*Sky blue finger movement path
Short->Long switching strategy

1. Short position entry zone at $63,915 / Stop loss when the orange resistance line is broken
2. Long position switching at $61115.5 / Stop loss when the green support line breaks away
Top primary target -> Gap secondary target

Even if there is a extreme sideways market today
From a long position perspective, it is not good to break away from the green support line.
Section 2 at the bottom is about the center line of the Tether Dominance weekly chart.
There are many risk factors, so please be careful and aim for the double bottom.

If we succeed in rebounding today
Conditions are created for a further rise after tomorrow.
If it rises along with the Nasdaq this week
There may be an uptrend again.

Please note that my analysis up to this point is merely for reference and use.

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

thank you
Trade active:
It's a Bitcoin guide.
I will check the movement after writing the analysis on April 18th.

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

It was a long waiting strategy in the sky blue finger 17495.8 (Gap) section.
Unable to break through the pink resistance line
Vertical decline occurs as is

Finish at the bottom indicated at the bottom.
After a new daily candle is created, an additional decline occurs.
There was a retracement up to the Gap2 section.

The weekly chart central line retest that I explained yesterday is
It's ongoing, until 7 a.m. tomorrow, Saturday.
If it is not completely supported or if there is not a strong rebound
There is a possibility of further decline next week.

The aftermath of the war appears to be significant.
As expected, I am in awe of Nasdaq all the way to the end. haha

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

light blue fingers
In short->long switching strategy

After entering a short position of $63,915, the light blue finger at the top appears.
Light blue finger at $61115.5 long switching position
After being pushed to $60,164 in section 1 at the bottom,
There is a strong rebound.

Stop Loss on Long Switching
There was no breakout from the green support line.
Because the profits are from short->long switching profits.
The strategy is active processing.

If there is no coupling with NASDAQ
It would have been perfect right away, but it's a bit disappointing.
Still, due to ignorance, strange movements appeared along the Nasdaq.
It's been a while since I moved normally.
In any case, the top section is currently on the verge of being perfect.
Thanks to Nasdaq, the third double bottom is underway.

Please check the details as a whole.
See you in today’s strategy.

thank you
Trade active:

It would be perfect if it were raised a little more, but it's a shame.

Just check the price until it’s perfect.
I will proceed with the analysis right away.

go for it

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