Bitcoin bybit chart analysis May 1

May 1, 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.






This is a one-way long position strategy on the Bitcoin 30-minute chart.

In Tether Dominance, we are in a position to rise one more time.
After touching the midline on the 12-hour chart, there is additional MACD deadcross pressure.

On the Nasdaq, the Wolbong low was not broken.
There is an announcement at 11:00.

Rather than the original movement of the beat
We decided that the Nasdaq movement was more important, so we proceeded with a long position strategy.



*At the red arrow path

long position strategy

1. Entry into long position at 28488 / stop loss when breaking the green support line

$29237 Long Position Target -> Top Section 2nd Target

When the green support line breaks
Light blue fingers downward to the right, depending on the wave, it can fall to the Bottom.


My analysis is for reference only.


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


thank you

May 1, 2023

Trade closed: stop reached

Hello
it's a BitcoinGuide.



This is the movement after writing the NASDAQ analysis article.
The major sections were marked with a black finger.

Arrow movement path 13231.4 After long entry
After touching the red resistance wire,
Extreme sideways finish

night market starts
The Wolbong trough was broken and ended in a sideways trade.

Overall, within the support/resistance line of the Bollinger Band 1-hour chart
Although it is a crosswalk

After touching the center line for 2 hours, the pattern is broken
4 hour chart MACD dead cross pressure.



This is the movement after writing the bitcoin analysis article.
The major sections were marked with a black finger.

After entering the long position of 28488 on the arrow path
A break from the green support line -> up to the light blue support line (light blue finger range)
got away

The strategy worked out.

With the additional rise of Tether Dominance and some coupling with Nasdaq,
pushed to the right.

This week, on May 4, there is an announcement of the FOMC indicators.
Until then, there is still potential for sideways movement.

We'll have to wait and see what moves come out.

I'll check it out overall and see you in a while.


thank you