Bitcoin Bybit chart analysis April 16Hello
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Bitcoin 30-minute chart.
There is a Nasdaq index release tonight at 2:15.
According to recent Nasdaq variables and movements
Because the movement occurs irregularly, analysis is not easy.
It is falling without any short entry position.
As it is coupled with Nasdaq, the rebound is also occurring in a strange section.
We followed the safest strategy.
*Sky blue finger movement path
Two-way neutral
Short->Long switching strategy
1. Short position entry area of $64585.5 / Stop loss when the orange resistance line is broken
2. Long position switching at $61897 / Stop loss when the green support line is broken
$67,101 long position primary target -> Top secondary target
Depending on today's Nasdaq indicator announcement or movement
Variables may arise.
You can ignore the short entry section and rise as is.
If the green support line breaks away from the current position
This is the place where the number 1 double bottom can appear at the bottom.
If it breaks through the top section
Because this is where the mid-term downward trend is broken.
A further upward trend may occur.
Please keep in mind that my analysis up to this point is merely for reference.
I hope you operate safely with principled trading and stop loss required.
thank you
