Bitcoin Bybit chart analysis March 11Hello
It's a Bitcoinguide.
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This is the Bitcoin 30-minute chart.
There will be a Nasdaq indicator announcement at 11 o'clock shortly.
As long as the Nasdaq doesn't crash,
it will continue to crash + forced coupling,
so it is not easy to analyze.
In this case, it is recommended to operate with a tight stop loss,
and since Bitcoin broke its previous low with yesterday's movement,
I created a strategy based on the major rebound section of 75,459.5 dollars at the bottom this week.
*When the blue finger moves,
it is a two-way neutral long->short switching strategy
The section from 1 to 83,529 dollars at the top is an autonomous short section.
You can operate based on the center line of the 4-hour chart that will be additionally created at 9 o'clock shortly.
For example, if a rebound is connected before 9 o'clock, it is the purple finger.
If a rebound occurs after 9 o'clock, it is the 1st section.
If it comes down immediately without touching, it is good to operate the long position waiting until the 2nd section at the bottom.
1. 80365 dollar long position entry section / stop loss price when the purple support line is broken
(If it comes down immediately without touching the short position entry section at the top, 83529 dollar long position 1st target -> short position autonomous section)
2. 84965 dollar long position target price -> 83529 dollar autonomous long position operation section
(Since it is the center line of the 6-hour chart, if it reaches this section, it is highly likely to continue to rise.)
After that, the target price is in the order of Gap9 -> Good -> Great,
but short position switching is done from the touch of the center line of the daily chart.
If it comes down right from the current position,
2 -> Look at Bottom
From Gap7, the previous low is broken again
It is good to operate it as a major rebound section up to $75,459.5 this week.
More than anything else, Nasdaq is the problem.
Since Bitcoin has a fast turnover rate
As long as Nasdaq doesn't crash/crash/crash, it's fine.
Please use my analysis up to this point as a reference only
I hope you operate safely with principle trading and stop loss prices.
Thank you.
