June 5 Bitcoin Bybit chart analysis
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.
I haven't moved much in the past 3 months, so it's very frustrating.
There is almost no volatility and there is no minimum trend, and it is extremely sideways.
I have a schedule in the afternoon.
Judging that there is sufficient possibility under the condition of Nasdaq Tether Dominance
I made a short strategy with a tight stop loss.
*In light blue finger movement path
Short -> Long Switching Strategy
1. Entry into short position at $26825 / stop loss when pink resistance line is broken
2. $25953.5 long position switching period / stop loss when breakout from strong blue support line
It's a vertical downtrend strategy.
The light blue support line at the bottom could be today's major rebound.
Pay attention to the Bollinger Band support line on the 12-hour chart.
If the rebound starts from the current position
Check the upper Gap section,
When the pink resistance line is broken,
Because of the full candle, the rebound can be strong.
Be careful with short positions.
I'd like some direction today.
Please refer to the main sections and support resistance lines shown so far
I hope you will operate safely in each long and short position.
My analysis is for reference only.
Please do not forget that principle trading / stop loss is required.
I will take a day off tomorrow, Memorial Day, and see you on Wednesday.
thank you
