March 6 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
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If my analysis is helpful,
Please would like one booster button at the bottom.
Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 12 o'clock tonight.
As you can see, the beat is on the verge of an upward trend.
If it breaks through the red resistance line at the current position
The 12-hour chart MACD deadcross is ignored.
This is a position where you can rise to near the top.
The pattern is also maintained without being broken.
In case of tether dominance,
This is because there is no room for shorting and it is a section where some degree of rebound is possible.
Keeping in mind the possibility of a sideways correction from the current position,
I did not operate a chasing long position because it was unreasonable.
*Sky blue finger movement path
Short->Long switching strategy
1. $68,870 short position entry zone / stop loss when touching the resistance line on the 12-hour chart
(At this point, this is the roughly displayed Stoplossw)
2. Long position switching at $61,991 / Stop loss when breaking out of the light blue support line
From the orange resistance line
It is a sideways trend up to the green support line in section 1 at the bottom.
It can be dangerous once it breaks the red resistance line.
I hope you operate safely in both directions.
Please note that my analysis up to this point is merely for reference and use.
Operate safely with principled trading and stop loss required.
thank you
