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Bitcoin 30-minute chart. There is an indicator announcement today at 9:30 on Nasdaq. The beat has reached the gap retracement point at the top.
It is a strategy for rising waves, There is a possibility of further decline if it breaks out of the green support line today. You must be careful.
*Red finger movement path
Long position strategy
1. $65495.5 long position entry zone / stop loss when breaking out of the green support line 2. $69983.5 long position primary target -> Good secondary target
Currently, a short-term upward trend is underway. It is breaking through the central line on the 4-hour chart. If there is an additional rise, In order of Bollinger bands, 6-hour central line -> 12-hour central line -> daily central line. We need to break through.
In Tether Dominance, we have almost reached the last resistance line. Will it rise once more? It seems important whether the downward trend will resume from the current position.
In terms of bits,
Should it rise immediately from the current position or hit the bottom once more and then rise? Please note that it seems important.
Please note that my analysis is merely for reference.
I hope you operate safely with principled trading and stop loss required.
thank you
Trade closed: stop reached
Hello It's a Bitcoin guide. I will check the movement after writing the analysis on April 15th.
This is the NASDAQ 30-minute chart. Major sections are marked with black fingers.
Red Finger 18052.7 It was a long waiting strategy, but After touching the short position entry section, it falls vertically. It crossed the bottom and even hit the support line on the Bollinger Band daily chart.
According to the chart, it is a place where a rebound should occur. It keeps dropping down. The central line of the Bollinger Band weekly chart is getting closer.
Bitcoin 30-minute chart. Major sections are marked with black fingers.
Red Finger $65495.5 long position was a waiting strategy. After breaking away from the green support line, I touched section 1 -> Bottom.
The strategy is stop loss.
The US exchange rate is rising again due to various problems such as war. As the Nasdaq falls, it continues to couple. The MACD deadcross on the weekly chart is pressing more strongly. In the case of tether dominance, the trend may change The resistance line has been reached.
In order for the bit to rise again, from the current position Maintain the low point without breaking it There needs to be a rebound from the double bottom.
More details will be provided in the analysis article.
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