Bitcoin bybit chart analysis March 8

Mar 8, 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.





Bitcoin 30 minute chart.

It is an arrow movement path one-way long position strategy.

Because there is an announcement of Powell's testimony at 12 o'clock tonight
In contrast to the variables, the fluctuation range was not large up to the bottom, so I took plenty of stop loss and proceeded.

In the case of the beat, there was a downward wave in the afternoon.
Since the bottom is open,
It is not good if there is an upward wave (touch down and rise).


*At the red arrow path

long position strategy

1. $22064.5 long position / stop loss when breaking the light blue support line
22418 dollars 1st target -> 22551 Top section 2nd target


Nasdaq movement is the most important, so while watching real-time movement

My analysis is for reference only.


Please operate safely as principle trading / stop loss is essential


thank you.

Mar 9, 2023

Trade active

Hello

it's a BItcoinGuide.



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

Green support line -> within pink resistance line
Finishing after the extreme sideways sideways.

Because the major rebound section / 4-hour chart support line was not touched
If the rebound fails, the bottom may open.




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

After entering long position at $22069.5,
near the pink resistance line
Green support line -> breaks to light blue support line

The blue support line is damaged.

Since it is not a complete departure, the strategy is active processing
After that, it would be better to watch the stop loss based on the previous low point.

In the case of beats, at the time of analysis yesterday
Because the downside support line was open
As the Nasdaq sideways and decoupling

After the downtrend, further downtrends followed.

If you leave your current location
The next support line is $20766.

A major downtrend is underway.

Let's take a look at the overall shape of the movement.


see you in a while


thank you