Bitcoin Bybit chart analysis May 30Hello
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Bitcoin 30-minute chart.
There is a Nasdaq index release tonight at 9:30.
On the 28th and 29th, there was no direction.
It continues to fluctuate until today.
Currently, the MACD deadcross on the daily chart is being engraved.
If the rebound is strong, it may be released again.
In case of tether dominance,
The pattern is broken, but the most important thing is the NASDAQ movement.
With responsibility for analysis,
Section 1 entered in yesterday's analysis post on the 29th
I will make another chase purchase at $67,740.
I will die with you all today as well.
*Red finger movement path
One-way long position strategy
1. $67,740 long position entry zone / stop loss when breaking out of the green support line
2. $69376.5 long position primary target -> Good secondary target
As explained above,
The stronger the rebound today, the higher the MACD deadcross mark on the daily chart.
It may be released, but I judged that it could be imprinted again after tomorrow.
I ignored it without operating a short position.
Section 1 marked at the top is
upward sloping sideways market
Section 2 can come from waves.
This is the final long position entry section,
The double bottom near the light blue support line was ignored.
The last place to be pushed is the Bottom section.
A place everyone knows and waits for
In the rising pattern, it is the 12 + daily range.
Just in case, it is coupled with Nasdaq and moves in the early morning or downward direction.
If you keep dropping, you can continue to drop out of section 3 after tomorrow.
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