Bitcoin Bybit chart analysis May 10Hello
It's a Bitcoinguide.
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If my analysis is helpful,
Please would like one booster button at the bottom.
Bitcoin 30-minute chart.
Nasdaq is trending upward.
Beat is debating whether or not to break the record.
I'm more loyal than I look...
Purple finger on the left, $63,035
I tried to connect it to the strategy of those who switched short yesterday.
*Red finger movement path
Long position strategy
1. $62,734 long position entry zone / stop loss when breaking out of the green support line
2. $63709.5 long position 1st target -> Top 2nd target -> Good 3rd target
As I focus on strategy,
Because I was scared of variables, the number of targets at the top decreased a lot.
Top or above is a position that can be sufficiently promoted.
It is better to touch the long position entry section of $62,734 as late as possible.
For example, after the MACD deadcross was imprinted on the 1-hour chart.
If the green support line continues to be maintained somehow,
The upward trend may continue.
Section 1 at the bottom is a sideways road sloping upward to the right.
First of all, the biggest problem last night was
The 12-hour, daily chart MACD deadcross was ignored.
In Tether Dominance, we implemented a strategy with a vertical decline condition.
An additional daily candle is created today, provided that the daily low is not broken.
I bet on the rising wave.
If Nasdaq shows a strong or vertical rise,
Your strategy is more likely to succeed.
finally ,
If the strategy is successful, those who went long yesterday will
Including entry into existing altcoins
Boarding the automatic rice cake train is complete.
If you drag up or down the chart,
You can check major support and resistance prices, so make good use of it.
My analysis up to this point is for reference and use only.
I hope you operate safely with principled trading and stop loss required.
Thank you for your hard work this week.
Have a nice weekend everyone.
thank you
