Bitcoin Bybit chart analysis September 5Hello
It's a Bitcoinguide.
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If my analysis is helpful,
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This is the Bitcoin 30-minute chart.
Nasdaq indicators will be announced at 9:30 and 11:00 shortly.
The current position is very important,
and I was worried that I might miss the entry position.
Bitcoin is rebounding stronger than Nasdaq,
and a strong adjustment is in progress.
All the danger signals have passed, and Nasdaq did not see any additional declines yesterday and today,
and there were no short position entry positions,
so I will maintain the long position strategy until the main demand section is reached.
*Red finger movement path
One-way long position strategy
1. Pursue purchase at $56,681.5 / Cut-off price when green support line is broken
2. $58,008.5 long position 1st target -> Top section 2nd target
Until additional daily candles are created tomorrow
If it reaches the Top section
Since it is the first touch on the center line of the Bollinger Band 12-hour chart
It would be good to switch to a short position briefly.
Today, I focused on long positions.
The 2nd section at the bottom
is the final long position entry section according to the Nasdaq wave
The 3rd section at the bottom is a double bottom section.
I do not recommend a dangerous position.
From the 3rd section, the sky blue support line is broken, it can fall sharply,
so please check the price indicated at the bottom.
Up to this point,
I hope you can simply use my analysis for reference and use only
I hope you will operate safely with the principle of trading and cut-off price.
Thank you.
