BTCUSD Bybit Chart Analysis May 2
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Only 30 Min chart ,
In real time, you can check major sections and move,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 2.
Bitcoin 30 minute chart.
The details are summarized at the bottom of the analysis
on April 29th.
Like the Nasdaq,
I ended up with a full public release.
I marked the main sections with black fingers,
arrow on the path
Select the upside rather than the downside first -> Afterwards, the pole sideways are finished.
Near the newly constructed green support line , sideway move.
On the weekend, after going sideways near the Dip Blue support line
There was even a Gap reversal.
The desired entry position or movement does not appear
Following the Nasdaq movement,
The strategy has been cancelled.
I think it will continue to fall following the Nasdaq movement.
Let's look at it as a whole.
Currently on Nasdaq basis, except for Jinban etc.
It appears that the decline will continue.
It seems to come out in two ways.
1. Announcement of favorable indicators for Nasdaq
2. Major Rebound
Please take a look, and I'll see you in the analysis article later.
Nasdaq 4 hour chart.
The top is the rebound / The bottom is this month's major rebound section
Today's approximate Top and Bottom prices are displayed.
With the center of the green support line, the direction is determined.
The current position is a place where a strong rebound is likely.
This is an area where further declines may occur.
Last month's ambiguous section
As a new May peak is created,
Overall, a downtrend strategy
I'm trying to move on.
Bitcoin 4 hour chart.
Today's approximate Top and Bottom prices are displayed.
The pink support line at the bottom is the last support line.
The blue wave and the support line are ,
It is a section where you can fall strongly when you break out.
In fact, Bitcoin chart analysis is meaningless because
around the green support line
It would be good to keep an eye on the Nasdaq direction.
This is a 30-minute chart one-way long position strategy.
Until the correct direction is revealed, for the time being, a two-way strategy with a downward trend seems to be right.
The reason for today's long position strategy
Compared to Nasdaq, Bitcoin pattern and circulation are good.
There might be some rebellious moves in Bitcoin.
Nasdaq is in the midst of a 6-hour chart MACD deadcross
The additional 6-hour bar was created at 7 o'clock, and today's key indicator announcement was made at 11 o'clock.
on the basis of decline
If you look closely, it is faintly in the light blue finger movement path.
Please refer to the short position operation section.
* When the red arrow moves
Short -> Long Switching Strategy
If an uptrend is connected depending on the situation,
Please note that it may not come down to the purple support line.
1. $39385 short position entry section / Stop loss when the green resistance line is broken
2. $38006 long position switching section / Stop loss when deviating from the green support line
The final target is the top price. Following the Nasdaq move
You can wait for a short position or switch.
If the Bitcoin resistance is strong today, please note that it may break the sky blue resistance line strongly.
In the case of altcoins, when entering a long position,
I think it would be good to operate the same in the majors.
My analysis is for reference only.
Principle trading / Stop loss is essential, I hope you operate safely.
thank you.
