Bitcoin Bybit chart analysis May 1Hello
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Bitcoin 30-minute chart.
Since yesterday this afternoon
Without asking, there was another drop.
Tonight at 11 o'clock on Nasdaq, the FOMC US interest rate announcement is scheduled for 3 a.m.
There has not yet been a 5-minute trend reversal.
If the indicated light blue support line breaks immediately
Everyone is waiting or knowing
Because the Bollinger Band may continue to slide from the center line of the weekly chart.
We proceeded with the strategy as safely as possible.
There is still room for another rise in Tether dominance.
Since it was a condition, I bet on that condition.
*Sky blue finger movement path
Two-way neutral
Short -> Long switching strategy
1. Short position entry zone of $58,441 / Stop loss when the orange resistance line is broken
2. Long position switching at $56043 / Stop loss when the green support line is broken
At the top, $59984 long position 1st target -> Top 2nd target
Because there has been no 5-minute trend reversal to date.
The green support line is a place where it would not be surprising if it broke immediately.
Also, because all support lines are open,
How to succeed with your strategy today
There should be a strong rebound from the long switching position of the green support line.
If the rebound is maintained within the purple support line
Vertical rise may occur.
Short at the top and long at the bottom.
It is a strategy tailored to the NASDAQ index announcement time.
From the section below the green support line
This is the central line section of the Bollinger Band.
As you can see from the past Nasdaq movements,
The central line of the main candlestick cannot be an unconditional rebound or support line.
It could be pushed up to 51.7K today or this week.
You need to be careful
Please note that my analysis up to this point is merely for reference and use.
Please operate safely with principled trading and stop loss required.
thank you