Bitcoin Bybit chart analysis May 17Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.
Nasdaq is moderately trading sideways.
Subject to vertical decline in Tether dominance
I created today's strategy.
At the bottom left is the entry point for yesterday's long position.
I proceeded by connecting Purple Finger's $65,426 as is.
*Red finger movement path
One-way long position strategy
1. $66147.5 long position entry zone / stop loss when breaking out of the green support line
Long position 1st target Top -> 2nd target Good -> 3rd target Great
When reaching the 3rd target during the weekend
The medium-term downtrend line will be broken through.
After touching the resistance line on the 5-minute chart in Tether Dominance
The vertical drop must be connected,
MACD deadcross on the 4-hour chart was ignored.
Section 1 at the bottom is guaranteed to be extremely lateral.
Section 2 is the 1+4 major support line.
We must support unconditionally in section 2.
Lastly, please pay attention to Nasdaq variables.
Key resistance prices at the top and bottom of the chart,
I left the support price, so I think it would be good to use it.
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 for your hard work this week.
thank you
