March 21 Bitcoin Bybit chart analysis

Mar 21, 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 30-minute chart.

Fortunately, yesterday's stop loss standard,
The Bollinger Band 1-hour chart is holding up without breaking the support line.



from an analytical point of view
You may miss out on a seat like this right now.
Since the possibility of sideways movement is high, we try to provide reasonable information as much as possible.

There is an announcement of the Nasdaq indicator at 11:00 tonight.
As a pattern, Bitcoin should come out sideways.
Nasdaq is in a condition where a vertical rise or a strong rise can occur.


Created today's strategy.


*In arrow movement path

long position strategy

1. $27956.5 long position entry zone / stop loss when green support line breaks -> long position target $29236.5

An extreme case like yesterday
Possibility of finishing within the orange resistance/green support line

Following the upper tail or Nasdaq movement
When the previous high point is broken, the whipsaw condition is also established. (Near the 28779 light blue resistance line)


Ahead of the FOMC US interest rate announcement at 3:00 am on Thursday
There is no direction yet.


My analysis is for reference only.


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


Thank you for reading today.

Mar 21, 2023

Trade active

Hello

it's a BitcoinGuide.



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

follow the arrow path
Reaching the red resistance line without breaking the purple support line

It ended after an upward rebound.



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

Extremely transversal finish within the green parallel line

The strategy is active.

Instead, I recommended
Ripple, from Stellar Lumens
A strong rise is taking place.

The FOMC US interest rate announcement is tomorrow at 3:00 am.
Since large movements can occur,
Please note

We will prepare hard.


see you in a while

thank you