Bitcoin Bybit chart analysis May 14Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There are two Nasdaq indicator announcements tonight at 9:30 and 11:00.
Powell's speech is at 11 o'clock.
There appears to be some movement.
Also, the sudden rebellion of the afternoon beat?
As the decline occurred once, I was really worried.
When I looked at the movement yesterday, I finally saw an upward movement.
My current position is a double-edged sword.
Also, some patterns are broken due to the afternoon movement.
Because 4+6+12 MACD deadcross is in progress.
There is a possibility of a sharp decline or a gap reversal at the bottom.
It is a very high position.
From my point of view, it is a very disappointing position.
The same goes for Nasdaq movements.
I decided that it was too early to give up, so I hesitated.
Anyway
Unless there is a gap retracement today
There are conditions for it to rise again in the medium term.
When looking at Tether Dominance, from the current location
The beat is a bit difficult to short.
(There was no clear short position after the vertical decline)
Everyone knows that it is a place where there is a long wait in the Gap section.
I feel uneasy because it seems like it will go up if we ignore it...
This is the strategy for that part.
*Sky blue finger movement path
Two-way neutral
Short->Long switching strategy
1. Short position entry zone at $62432 / Stop loss when the orange resistance line is broken
2. Long position switching at $61594 / Stop loss when the green support line is broken
At the top, $63,147 long position 1st target -> Top 2nd -> Good 3rd
Today, if we just maintain the green support line without breaking away,
It's the best
If the strategy is successful, the likelihood of a strong rise after tomorrow increases.
When adjustments are made immediately at the current location
Please refer to the support line indicated at the bottom.
at the current location
The highest probability is Gap retracement -> The next one is $59,164.
I hope the strategy is successful based on the daily candle tails.
Why am I so obsessed with this section?
Please refer to the video later.
Of course, without leaving the purple parallel line.
There may be a strange rebound, but
Because the NASDAQ variable or probability is very low
We proceeded realistically.
Because tomorrow is a holiday,
If you drag the chart up and down,
I have also left you with the main support and resistance prices.
I think it would be a good idea to check it out.
Please note that my analysis up to this point is merely for reference and use.
I hope you operate safely with principled trading and stop loss required.
thank you
