Bitcoin bybit chart analysis April 19
Hello
It's a Bitcoinguide.
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Bitcoin 30 minute chart.
It is a one-way long position strategy.
Why is Bitcoin down today?
Nasdaq and Bitcoin have different business days.
There was some difference
Bollinger Band Daily Chart Centerline
Bitcoin was forced to match the Nasdaq movement.
Also, since there are too many variables in the Nasdaq movement recently,
Ignoring the possibility of sideways
We have prepared a strategy to safely wait underneath without operating a short position.
It's a double-bottom strategy.
*In light blue finger movement path
long position strategy
1. Entry into long position at $28663.5 / stop loss when breaking the green support line
$29280.5 1st target -> Top price 2nd target
You need to break the purple support line.
It is possible to enter a long position
When the green support line breaks
as indicated
Bottom -> Gap3 -> $27532.5 until the 1st low point this week
may go down.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential.
thank you