Bitcoin Bybit chart analysis April 16

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is a Nasdaq index release tonight at 2:15.
According to recent Nasdaq variables and movements
Because the movement occurs irregularly, analysis is not easy.

It is falling without any short entry position.
As it is coupled with Nasdaq, the rebound is also occurring in a strange section.
We followed the safest strategy.

*Sky blue finger movement path

Two-way neutral
Short->Long switching strategy

1. Short position entry area of $64585.5 / Stop loss when the orange resistance line is broken
2. Long position switching at $61897 / Stop loss when the green support line is broken
$67,101 long position primary target -> Top secondary target

Depending on today's Nasdaq indicator announcement or movement
Variables may arise.

You can ignore the short entry section and rise as is.
If the green support line breaks away from the current position
This is the place where the number 1 double bottom can appear at the bottom.

If it breaks through the top section
Because this is where the mid-term downward trend is broken.
A further upward trend may occur.

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


thank you

Order cancelled:

Hello
It's a Bitcoin guide.

I will check the movement after writing the analysis on April 16th.

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

It was a light blue finger short->long switching strategy.
As it becomes long short long form
The extreme sideways trading has ended.

The entry zone is from 17754.6 to 17630.9 long.
There was no significant movement at the indicator announcement at 2:15 a.m.
A gap section was created in the middle,
There was even a reversal.

While touching the lower part of Bollinger Vind first,
The perspective is the same as yesterday.

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

It was a light blue finger short->long switching strategy.
With a pattern similar to Nasdaq

Without breaking away from the green support line
I first touched the $61897 long position entry section at the bottom.
Pink resistance line -> Orange resistance line has been reached.

The strategy is cancelled.

As additional daily candles are created,
It first touched the upper Bollinger band and is moving sideways.
It looks like there will be a power struggle between the upper and lower sides at the center line of the 4-hour chart.

I will explain more details in the analysis article.


thank you