BTCUSD Bybit Chart Analysis March 31

Mar 31, 2022

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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for March 31.







It is a movement after the final finish.

I left the details in the comments.
Please check yesterday's analysis.

Red resistance/green support without any trend
Extreme sideway move.
Finish with Trading Active.


Bollinger Band 1 hour support + 4 hour center line
After rebounding from the major support line, it is polar sideways.

In the big trend, the pattern was not broken, but

3-hour support VS 1-hour resistance touch. downtrend Win.

Today's key issue is the Bollinger Bands 4-hour chart support line and
12-hour chart MACD dead cross engraving seems to be the case.

To put it easily

Will there be a strong rebound first or a slow decline?
It seems like it will be

Let's take a closer look at the whole thing.








4 hour chart

Today's approximate Top and Bottom prices are displayed.

around the green support line

red top / sky blue bottom


I made today's trading strategy.







This is a 30-minute chart one-way long position strategy.

It seems important to me how the 4 hour chart will reach the support line.

Ignoring the 12 hour MACD deadcross
First, we focused on the major rebound period.


The 12-hour chart MACD deadcross is also in progress.

Since today is the end of the month, there may be extreme sideways trade-offs, so please keep that in mind.


In case of direct downward touch from the current position
I have marked the major rebound section and the light blue finger support section.
(Target is the red resistance line)


* When the red arrow moves

Short -> Long Switching Strategy

1) Stop loss when breaking through the $47385.5 short position entry section / overshooting section of the pink resistance line

If this section is crossed at once, there is a possibility of a right-hand sideways movement.

2) $46956.5 long position switching section / Stop loss when the purple support line is broken

I think it would be good to keep the trend up to the final top price by correcting the stop loss.


The spot exchange overall is the same as yesterday.

Don't forget to buy in principle / stop loss is essential

Fighting today


Sorry for the late analysis.

Apr 1, 2022

Trade closed: stop reached

Hello

It's a Bitcoin guide.

I will check the movement after writing the analysis on March 31st.




Yesterday I wasn't feeling very well
I just proceeded with the strategy article without final finishing.

4 hour support line as the major support line opens.
A strong decline occurred.

In the 4-hour center line pattern described above,
After the safest support line
Since yesterday, I explained that it is okay to operate short.
I put it down right away.

I thought I was going to go sideways because it was the end of the month, but I ate one bite.

I marked the main sections with black fingers,

In strategy short -> long switching
Stop loss when switching long positions

After that, the bottom section was damaged, and the gap section is finally ahead.

After the first Gap occurred, I hoped not to reach
But , I think it took about 2 weeks as described.


I'll see you later.

thank you.