Bitcoin Bybit chart analysis April 12Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
Analysis is very difficult.
It is a difficult section with many intersections.
Due to the index announcement yesterday, there is a $200 difference.
It's a pity that I missed the long entry position.
Nasdaq does not release indicators.
In the case of bits, the pattern is partially broken.
A 5-minute bar trend reversal has even occurred.
There is still the power to raise it to a signal level.
If there is a vertical decline in Tether dominance
Today's strategy can succeed
It is a position with a high possibility of sideways movement, and from breaking out of the light blue support line,
This is a position where a downward trend can be connected.
*Red finger movement path
Long position strategy
1. Chase buy at $70695.5 / stop loss when the green support line is broken
2. $72,232 long position 1st target -> Good 2nd target -> Great 3rd target
Upward rebound until section 1 at the bottom
From number 2 onwards, there is extreme horizontal coverage.
In case of departure from the light blue support line
Please check the support line in Bottom -> Section 3 at the bottom.
If you drag the analysis text up or down,
You can check the displayed price.
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 for your hard work this week.
thank you
