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Bitcoin 30-minute chart. Analysis is very difficult. It is a difficult section with many intersections. Due to the index announcement yesterday, there is a $200 difference. It's a pity that I missed the long entry position.
Nasdaq does not release indicators. In the case of bits, the pattern is partially broken. A 5-minute bar trend reversal has even occurred.
There is still the power to raise it to a signal level. If there is a vertical decline in Tether dominance Today's strategy can succeed It is a position with a high possibility of sideways movement, and from breaking out of the light blue support line, This is a position where a downward trend can be connected.
*Red finger movement path
Long position strategy
1. Chase buy at $70695.5 / stop loss when the green support line is broken 2. $72,232 long position 1st target -> Good 2nd target -> Great 3rd target
Upward rebound until section 1 at the bottom From number 2 onwards, there is extreme horizontal coverage.
In case of departure from the light blue support line Please check the support line in Bottom -> Section 3 at the bottom. If you drag the analysis text up or down, You can check the displayed price.
Please note that my analysis up to this point is merely for reference and use.
I hope you operate safely with principled trading and stop loss required. Thank you for your hard work this week.
thank you
Trade closed: stop reached
Hello It's a Bitcoin guide. I will check the movement after writing the analysis on April 12th.
This is the NASDAQ 30-minute chart. Major sections are marked with black fingers.
Red Finger 18170.9 After entering long position It broke out of the green support line -> fell to the bottom section.
There was no room for short position entry. According to the Ichimoku Balance Sheet, when Yang Luck is thin, The Bollinger Band 4-hour chart began to decline vertically from the resistance line. The boring sideways trend continues to repeat around the central line of the daily chart.
A dangerous signal was imprinted The 12+ day pattern has been broken and the daily chart support line has become supportive.
I will explain more details in the analysis article.
Bitcoin 30-minute chart. Major sections are marked with black fingers.
After entering the red finger $70695.5 long position Breaking out of the green support line We proceeded with the loss processing.
A vertical decline occurred as it coupled with Nasdaq. A new gap section of $67,101 has been created at the bottom. The decline occurred stronger than expected.
This is the second capture of the 30-minute chart. As the decline occurred larger than expected, Among the prices checked at the bottom, the Gap6 retracement that took place two weeks ago was completed.
A rebound is underway in the $61848.5 range. The rebound zone was broken in the last adjustment. Due to the weekend movement, the MACD dead cross pressure on the weekly chart began. I checked the reason for the strong decline.
With the 12+ day pattern section damaged several times, There was a fake rebound If you look at the daily chart in detail, There was a vertical decline without touching the resistance line.
If I had touched the resistance line The upward trend could have continued, but it took longer than expected.
More details will be provided in the analysis article.
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