June 7 Bitcoin Bybit chart analysis

Updated
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It's a Bitcoinguide.

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snapshot

Bitcoin 30-minute chart.
At 9:30 tonight
There is one moderately important indicator announcement for the Nasdaq Non-Agricultural Index.

Even on Nasdaq, the short-term pattern is broken.
In the afternoon, Bitcoin was restored as explained in the details.
6-hour chart MACD deadcross in progress
The short-term pattern is broken.

So, after considering various conditions comprehensively,
I brought a one-way long position strategy.
This is because it is very difficult to explain positions with a high possibility of sideways trading.
I will simply summarize the analysis.


*Red finger movement path

One-way long position strategy

1. $70848.5 long position entry area / stop loss when breaking out of the light blue support line
2. $72446.5 long position primary target -> Good secondary target

Possibility of vertical rise if the purple support line is maintained

Even if we succeed in rebounding today
Because short-term patterns continue to break, NASDAQ
It must be strongly raised and coupled.
The MACD death cross on the 6-hour chart alone is not that scary.
As expected, I think the Nasdaq movement will be important.



Section 1 at the bottom is a section that traverses downward to the right.
If this section is exceeded or damaged, it will be adjusted below the Bottom during the weekend.
It can be connected, so be careful.


If you drag the chart up or down
Resistance line price and
You can check the support line price at the bottom.

If you succeed with today's strategy, this time you will really go to 100 million.
As the sideways movement gets longer, I keep turning into a shepherd boy.

Although it takes a long time
Because the overall flow and movement is in an upward trend,
Don't forget to follow principle trading and stop loss.
I hope you operate safely.


Thank you for your hard work this week too.


Although it's not enough, you're always with me
thank you!
Trade closed: stop reached
Hello
It's a Bitcoin guide.

I will check the movement after writing the analysis on June 7th.

snapshot

This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.

Red Finger 18989.6 Long position waiting strategy
Section 2 indicated at the bottom / After 18.9K touches
Completed extreme horizontal coverage.

At the 9:30 non-agricultural index announcement,
It looks like bad news has come out.
Within the orange parallel line indicated
It's going sideways.

Today, I touched the lower Bollinger Band.
6-hour chart MACD deadcross in progress
Bollinger Band 4-hour chart center line exclusive touch
The pattern is breaking little by little.

I will look at it as a whole and summarize it in the analysis.

snapshot

Bitcoin 30-minute chart.
Major sections are marked with black fingers.

Red Finger $70848.5 long position was a waiting strategy, but
At the NASDAQ non-agricultural index (9:30 p.m.) indicator announcement,
After coupling due to adverse events

Downward wave progresses

I marked it as is
Breaking away from section 1 of the light blue support line
stop loss processing

The MACD deadcross on the 6-hour chart was ignored.
The 12-hour chart MACD deadcross presses together.
The MACD deadcross on the daily chart was completed over the weekend.
It wasn't 4+6+12
Coupled with Nasdaq in an off beat
There has been a strong adjustment.


Falling stronger than expected
The bright sky blue support line shown at the bottom
After falling to $68357.5, it has been trading extremely sideways.

A new gap section that occurred on Friday / after the creation of $69332.5
The reversal was completed in the afternoon.

All I had to do was raise it a little more, but it was very difficult to break through the highest point.
GIMP is also improving moderately.
There is a CPI announcement this Wednesday and an FOMC interest rate announcement on Thursday.
I will work hard to come up with a strategy that will make my head spin.


Let’s all fight together this week too
See you later in the analysis post.


thank you
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