Bitcoin bybit chart analysis May 17
Hello
It's a Bitcoinguide.
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If my analysis is helpful,
I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
It is a one-way short position strategy.
The Nasdaq continues to trend upward.
don't care much
I focused on tether dominance moving in reverse.
*In light blue finger movement path
Short -> Long Switching Strategy
1. Entry into short position at $27,056 / Stop loss when the orange resistance line is completely broken
2. $26,350 long position switching period / stop loss when breakout from strong blue support line
Rather than a strong rebound today
I think it would be nice to just walk sideways after a weak rebound without breaking away.
If you cannot deviate from the green parallel line shown
It may end with a crossover.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential.
thank you