Bitcoin Bybit chart analysis May 20Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.
I thought a lot about whether or not to chase it up, but
Today, we will proceed safely without overdoing it.
Possibility of a correction in the Nasdaq crisis
Because the beat pattern is broken
I thought there was a high possibility of a sideways movement and ended with an upward rebound.
*Red finger movement path
One-way long position strategy
1. $66,264 long position entry zone / stop loss when breaking out of the green support line
2. $68,095 long position 1st target -> Top 2nd target -> Good 3rd target
Because the present is the last short entry position.
When maintaining the purple support line without breaking away
There is a possibility of vertical rise to the top or higher.
For those who are short, if it breaks the pink resistance line, it will be a big problem, right?
The green support line is where the pattern recovers.
This is a place where there must be a rebound.
From section 1 at the bottom, the pattern is broken.
Please note that there is a possibility of further decline after tomorrow.
My analysis up to this point is
Please simply refer to it and use it.
I hope you operate safely with principled trading and stop loss required.
thank you