Bitcoin bybit chart analysis June 5

Jun 5, 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 a one-way short position strategy.

I haven't moved much in the past 3 months, so it's very frustrating.
There is almost no volatility and there is no minimum trend, and it is extremely sideways.

I have a schedule in the afternoon.

Judging that there is sufficient possibility under the condition of Nasdaq Tether Dominance
I made a short strategy with a tight stop loss.



*In light blue finger movement path

Short -> Long Switching Strategy

1. Entry into short position at $26825 / stop loss when pink resistance line is broken

2. $25953.5 long position switching period / stop loss when breakout from strong blue support line


It's a vertical downtrend strategy.

The light blue support line at the bottom could be today's major rebound.
Pay attention to the Bollinger Band support line on the 12-hour chart.

If the rebound starts from the current position
Check the upper Gap section,

When the pink resistance line is broken,
Because of the full candle, the rebound can be strong.
Be careful with short positions.

I'd like some direction today.


Please refer to the main sections and support resistance lines shown so far

I hope you will operate safely in each long and short position.


My analysis is for reference only.
Please do not forget that principle trading / stop loss is required.

I will take a day off tomorrow, Memorial Day, and see you on Wednesday.


thank you

Jun 7, 2023

Trade closed: target 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.

ahead of the upper gap
From sideways movement to correction after strong rebound
It ended with a crossbow.



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

After entering the short position at $26825, the light blue finger
$25953.5 deep blue support breakout at the bottom ->
Marked Gap -> Accurately touch the top section

The rebound period was a little delayed, but
Absolutely perfect came out.

I haven't moved in a while and I've been bored.
A trend has come out of nowhere.

The strategy is profit liquidation and exploitation.

It seems like there are a lot of people who have done both.
I'm proud.

In fact, whenever a trend comes up, I eat it all.
It was very frustrating because there was no movement itself.

All the movements I wanted came out.
Regarding future movements, we will thoroughly examine the whole.

see you in a while


thank you