April 18 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There is no Nasdaq index release today.
Nasdaq Bollinger Band weekly chart center line touch section / bottom gap created
Even in Tether Dominance, the Bollinger Band's main peak did not touch the center line.
This is the position just before the uptrend.
Basically, there are a lot of variables.
Even Nasdaq showed irregular movements.
It's really difficult to keep up with the beat.
Because the movement before and after the gap retracement occurs on NASDAQ is different.
From the current location
Above or below support or resistance levels
I created a strategy in case I touch it first.
*Red finger movement path
Long position strategy
1. $60,164 long position entry zone / stop loss when breaking out of the red support line
Target price: $63,915 Primary target -> Top secondary target
*Sky blue finger movement path
Short->Long switching strategy
1. Short position entry zone at $63,915 / Stop loss when the orange resistance line is broken
2. Long position switching at $61115.5 / Stop loss when the green support line breaks away
Top primary target -> Gap secondary target
Even if there is a extreme sideways market today
From a long position perspective, it is not good to break away from the green support line.
Section 2 at the bottom is about the center line of the Tether Dominance weekly chart.
There are many risk factors, so please be careful and aim for the double bottom.
If we succeed in rebounding today
Conditions are created for a further rise after tomorrow.
If it rises along with the Nasdaq this week
There may be an uptrend again.
Please note that my analysis up to this point is merely for reference and use.
I hope you operate safely with principled trading/stop loss required.
thank you
