Bitcoin bybit chart analysis May 10Hello
It's a Bitcoinguide.
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If my analysis is helpful,
I would like one booster button at the bottom, please.
This is a one-way long position strategy on the Bitcoin 30-minute chart.
When I saw the Nasdaq movement
I thought the crash was difficult.
In the case of Bitcoin, if only the purple support line holds well
It becomes a condition that can rise strongly enough.
On the contrary, because the possibility of sideways movement is very high
Please pay attention to the CPI indicator announcement at 9:30.
*At the red arrow path
long position strategy
1. $27550.5 entry into long position / stop loss when breaking the green support line
In the middle wave shown
You can re-enter after the 1st profit margin of 28475.5 dollars
Depending on the circumstances,
You can also hold a long position for a long time.
(Whether or not the purple support line breaks)
The final target is the Top price, and the Gap retracement after tomorrow morning is the second target.
strategy fails at the current position, or
During the down wave, pay attention to the light blue finger section shown at the bottom.
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential.
thank you