Bitcoin bybit chart analysis May 17

May 17, 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.

The Nasdaq continues to trend upward.
don't care much
I focused on tether dominance moving in reverse.


*In light blue finger movement path

Short -> Long Switching Strategy

1. Entry into short position at $27,056 / Stop loss when the orange resistance line is completely broken

2. $26,350 long position switching period / stop loss when breakout from strong blue support line

Rather than a strong rebound today
I think it would be nice to just walk sideways after a weak rebound without breaking away.


If you cannot deviate from the green parallel line shown
It may end with a crossover.


My analysis is for reference only.

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


thank you

May 18, 2023

Order cancelled

Hello
it's a BitcoinGuide.



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

Light blue finger long entry section without touch
Reach the top as it is.

The pattern that was broken last time was gradually restored.
The Nasdaq continues to trend upwards without a hitch.



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

Light blue finger first 27056 dollars short entry section without touching
While creating an upward wave
Coupling with Nasdaq, upward rebound has been completed.

Without entrant touch,
The movement came out at dawn, so the strategy was canceled.


I continued to wrestle with the gap at the bottom,
It seems to have some direction.

I'll check it out and see you later


thank you