BTCUSD Bybit Chart Analysis February 17

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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 February 17.

This is the move after the final finish on February 16th.

More details are in the comments.

I marked the main sections with black fingers.



As a pattern, we focused on the 30-minute support + 1-hour center line.
In the end, it fell to the BB 4 hour center, the next pattern.


From the first entry, the purple support line is separated from the additional bar / Stop loss treatment


Final green support line / After rebounding from the 4-hour center line
This is the sideway move finish.

Yesterday, the possibility of a 4-hour MACD deadcross was low.
Focus on purple support


It started with a sideways movement, and the wave grew
In the end, after an uptrend, it ended with a sideways guarantee.


I'll take a look at the whole

4 hour chart

Overall, looking at

If you look at yesterday's rebound, the long-term trend touches the central line of the 12-hour bar.

(The pattern is broken in a big trend / There should not have been a touch originally
If the resistance line is not touched for 12 hours first, there is a possibility of further decline)

Today is the progress of the 4-hour chart MACD Dead Cross.


Approximate top price and bottom price are displayed.

Check the red up/light blue down movement path

I made today's trading strategy.

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

The pattern is broken in the big trend
I made a strategy based on the 4-hour chart MACD dead cross pressure.

Overall, we focused on the short forge.



* When the light blue finger moves

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

1) $43607.5 long position entry section / Stop loss price when the purple support line is broken

2) 44015.5 $ 44015.5 short position entry section / Stop loss when the green resistance line is broken

3) 43252 dollar long position switching section / Stop loss when breaking the sky blue support line

4) $43941.5 short position entry section / Stop loss when the green resistance line is broken
This is a strategy that continues the trend with a short position, so please note that it may be pushed up to the maximum red resistance line.



In the case of spot exchanges, in the long position entry section

Minor Alt -> I recommend short-term trading with major switching.

In principle, stop-loss is essential, I hope that you operate safely.




thank you

Trade closed manually:

Hello

We will check the movement after writing the analysis on February 17th.

The final deadline is February 17th.

The main content of the analysis
BB 12-hour chart center line touch (pattern broken)

The support line was open,
Daily chart MACD dead cross progress

It was making a long -> short profit

In the initial strategy, without much change
I expected the sideways to end at the purple support selection level.

Instead, after break away out of the purple support line,
the bottom is wide open ,Because there is a risk of a daily dead cross

I told you that I can reach the old "Gap" section.

It's a move after

I marked the main sections with black fingers.

* $43607.5 long / $433.5 profit section
* $44015.5 short / $936 profit section

After breaking through the purple support line,
It's been hand cut

In the end, it broke out of all the main support lines.
You have reached the "Gap" section marked at the bottom.

In the end, after 2 weeks, we reached the old gap.


Because it was a strategy centered on the purple support line
For those who checked the comments, short switching, etc.
It seems that it was possible to operate

I don't know if others have worked well.


with concern,
I left an emergency video about the current situation.

More details will be discussed in the analysis section.

thank you