Bitcoin bybit chart analysis February27

Feb 27, 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's been a long time since it's a short position strategy.
To be precise, it is a short -> long switching strategy.

centered on the bottom gap
I made a strategy based on patterns and signals in the current situation.

Due to the recent Nasdaq variable, Bitcoin movements are unpredictable.

Real-time selection seems to be the most important according to real-time movement.


*In light blue finger movement path

Short-> Long Switching Strategy

1. Entry into short position at $23363 / stop loss when orange resistance line is broken

2. 22993 long position switching / stop loss when breaking the green support line

The final long position target is $23554.
The next target is $23907.5 -> Top price.

Breaking the orange resistance line until dawn is good.


Because the downtrend remains
It started with a chase shot.

If it breaks through the orange resistance line at once

Nasdaq seems to have the biggest impact.

These days, it is not easy to analyze the Nasdaq sideways including sideways.


My analysis so far is for reference only.

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


thank you.

Feb 28, 2023

Trade closed: stop reached

Hello

it's a Bitcoin Guide.




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

on the arrow path
Follow the purple parallel line shown
Gap2 retrace -> 12147.7 to the support line after touch
It ended with a right-hand sidewalk.

The last rebound point
It is near the center line of the Bollinger Band 4-hour chart.
It becomes a short position operation section.

Until this week, the 4-hour chart resistance line and phonological section
Please note that you have to break through perfectly to return to the uptrend.




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

10:30 / 12:00 According to the Nasdaq indicator announcement
After the rebound (down wave), the decline has progressed.

Both are identified as bad.

In the first short position entry section
Since the stop loss/orange resistance line has been broken,
The strategy is stop loss.

Although the wave came out bigger than expected,
short -> long switching
It could have been perfect, but it's a pity.

Recently, the Nasdaq movement has many diverging points.
Because of the high probability of
It is not easy from the point of view of pre-analysis.

My analysis is for reference only.

I would like to trade in principle according to the real-time movement.


see you in a while


thank you