Bitcoin bybit chart analysis May 16
Hello
It's a Bitcoinguide.
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If my analysis is helpful,
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Bitcoin 30 minute chart.
It is a one-way short position strategy.
With Tether Dominance and Nasdaq Movement
The gap section on the floor is resolved, and the direction appears to come out.
At 9:30, there is a Nasdaq index announcement
Depending on the situation, the possibility of sideways movement is high, so please refer to it.
Personally, I cringe at non-trending sideways.
*In light blue finger movement path
1. Entry into short position at $27096.5 / stop loss when orange resistance line is broken
2. $26427.5 long position switching / stop loss when strong blue breakout
$27510 1st target -> 2nd target for the top section
I even recommended altcoin stocks today.
If only the rebound comes out well
Because it is the time when the danger signal passes
It seems like a good move.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
thank you