May 27 Bitcoin Bybit chart analysis

Updated
Hello

It's a Bitcoinguide.

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snapshot


Bitcoin 30-minute chart.
There is no NASDAQ indicator announcement, and according to the pattern,
This is a section with a very high possibility of sideways movement.

In the end, it will shoot up or down,
I think one wave will be very important.

When compared based on bit and tether dominance
Assuming that one of the two leaves strongly
Looking at the short-term pattern, it is almost similar, but
When viewed simply as an Ichimoku balance table,
Because Tether dominance is only positive for the 30-minute chart,
This is a condition for vertical decline.

Additionally, I created today's strategy by substituting the NASDAQ strategy.


*Sky blue finger movement path
Two-way neutral
Short -> long switching strategy or long position waiting strategy.

1. Short position entry zone at $69129.5 / Stop loss when the orange resistance line is broken
2. Long position switching at $68,420 / Stop loss when the purple support line is broken
3. Long position target price from Top -> Good -> Great section



Until today, the strategy is to ignore the daily chart MACD dead cross.
In case of maintaining a long position
It is safe as long as it does not deviate from the purple support line.

It is a short->long strategy, but
You can first touch the long position entry section at the bottom.
Because it is dangerous to break out of the purple support line.
Those who are maintaining long positions or waiting to go long should be careful.

If it breaks out of the purple support line,
I think it would be a good idea to look at section 1 at the bottom in the following order: 66.7K -> Bottom.

My analysis up to this point is
Please simply refer to it and use it.

I hope you operate safely with principled trading and stop loss required.


thank you

Trade active
snapshot

Top section at the top
The prices on the horizontal line and price tag are displayed incorrectly.
We will change it to $70483 and unify it.


thank you
Trade closed: target reached
Hello
It's a Bitcoin guide.
I will check the movement after writing the analysis on May 27th.

snapshot

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

Red Finger 18775.8 in long waiting strategy
Finished after a strong rise without touching the entry position.
The target price at the top has reached 18874.2.

As an additional daily candle was created today,
Bollinger band touches upward.
The signals are tangled up and down.

Until the final daily chart MACD deadcross progresses
It looks like it keeps shaking up and down.
Let's look at it overall.

snapshot

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

Light blue finger short->long or long position waiting strategy
After entering long position at $68,420 at the bottom
Without breaking away from the purple support line
After reaching $70,483 in the top section indicated above
A strong adjustment is in progress.

Since the target has been reached, the strategy pays off.

The reason for the strong decline
There may be an impact of coupling with Nasdaq starting around 1 am.
The daily chart MACD deadcross explained yesterday.
It appears to be due to pressure.

After today, I was planning to operate from short to long depending on the situation.
I'm embarrassed because it moves faster than I expected.
It's a bit disappointing that if I had known this would happen, I would have gone short at the top.

Because yesterday is not the only day
I will work hard to come up with a strategy today as well.

thank you
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