Bitcoin Bybit chart analysis April 29Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There is no Nasdaq index release today.
MACD dead cross was engraved on the weekly chart.
Nasdaq also seems to be in a good mood,
We will aggressively try to capture the bottom.
Instead, the downside is open and there are many variables,
Please read the analysis carefully.
*Sky blue finger movement path
Two-way neutral
Short->Long switching strategy
1. Short position entry area of $63,201 / Stop loss when the orange resistance line is broken
2. Long position switching at $62,174 / Stop loss when the green support line is broken
At the top, $63,997 long position primary target -> Top section secondary target
Don’t get off right away at your current location.
If you come down without touching 63.2K
62.1K Long position waiting (if short entry slightly fails)
If it falls immediately from the current position
Section 1 at the bottom is where a downward tail rebound can occur.
Check if it breaks out of the light blue support line.
If you touch or leave the bottom section today
There may be a mid-term downward trend after tomorrow.
Those operating long positions should be careful.
The boring sideways movement continues.
If you succeed with your strategy today, you will feel comfortable starting tomorrow.
You may proceed with purchasing additional altcoins.
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
