Bitcoin Bybit chart analysis April 8

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
I finally gained strength and am continuing to rise.
Luckily, I think I caught the 61.5K bottom section well in this adjustment.

Today's analysis was very difficult to write.
I debated whether to pursue it or not.
No problems with signals or patterns
If a strong upward trend is in progress and it continues to rise without a wave,
You might miss your entry point.

Nasdaq is likely to move upward

Tether dominance is falling vertically,
Focusing on 5-minute bar trend reversal
The beat operated safely, focusing on rising waves.


*Red finger movement path

Long position strategy

1. $72114.5 long position entry area / stop loss when breaking out of the purple support line
2. Top $74695 primary target at the top -> Great secondary target

I did not operate a separate short position.
Let's continue with the trend.

Also, there may be a extreme sideways market today.
There is no trend and the purple support line is moving sideways.
Please note that there is a possibility of deviation.
I think it would be good to view section 1 at the bottom as centered on the sideways section.

Please note that my analysis up to this point is merely for reference and use.
I hope you operate safely with principled trading and stop loss required.


thank you

Trade active:

Hello
It's a Bitcoin guide.
I will check the movement after writing the analysis on April 8th.

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

Red Finger 18075.6 It was a long waiting strategy.
The extreme sideways trading ended without any significant movement.

As the daily candle was created, a gap section was created in the middle.
There was a reversal right away.
It looks like a power struggle will continue today around the center line of the 4-hour chart.

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

Red Finger $72114.5 long position was a waiting strategy.
After touching the indicated section 1 (horizontal position), as expected
Coupled with Nasdaq
End of extreme horizontal coverage without any significant movement


As additional candles are created while moving sideways,
Because the support line was out of the way, the strategy was active.
Ahead of breaking the peak
It looks like the power struggle will be repeated in another boring section.

The current seat is section 30+1.
MACD deadcross on the 2-hour chart is in progress.

For those who are long, briefly:
I'll leave you a lifeline, and I'll be back in the afternoon.


thank you

Trade active:

Bitcoin 30-minute chart.
A new green support line has been displayed.

Those holding long
I think you can set a stop loss depending on whether or not you deviate from this section.
It's currently in the 30+1 section.

If the green support line is maintained, the chances of the pattern not breaking and rising again increase.

When leaving,
Please check number 1 -> Bottom at the bottom.

See you in the evening analysis article.


thank you

Trade active:

Breaking out of the green support line,
In the end, I touched section 1.
We will proceed with the analysis right away.

go for it