february 26 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 12 o'clock tonight.
4-hour chart MACD dead cross engraving in progress
With the Gap retracement of $51,000
Since it is the end of the month, there is a high possibility of sideways movement.
It is a place with many branching points.
When the pattern is partially broken
We tried to proceed as safely as possible.
*Sky blue finger movement path
One-way long position strategy
1. $50158.5 long position entry zone / stop loss when breaking out of the light blue support line
2. $51771 long position primary target -> Top $52362.5 secondary target
Section 1 at the top is a sideways section.
Until the orange resistance line/green support line converges
Please note that extreme sideways trading may occur.
Because the rebound can continue from the current position
There was no separate short position operation.
According to the pattern, it is a long waiting strategy at today's major support line.
Please keep in mind that my analysis up to this point is merely for reference.
I hope you operate safely with principled trading and stop loss required.
thank you
