April 23 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.
Yesterday, after a long time, the participation rate on TradingView was good, so
I will continue with a series of full-public analysis articles.
At the top is the Nasdaq 30-minute chart.
There will be an indicator announcement at 11 o'clock in a little while.
Based on the gap section created at the top and bottom,
I predicted the movement of the blue finger movement path.
This is the Bitcoin 30-minute chart.
Recently, Bitcoin has been moving autonomously,
and Tether dominance is in a vertical decline.
I won't tell you the reason for the Nasdaq decoupling separately.
The core of today's strategy is trend following.
I have never talked about all possibilities up and down without a single entry point.
*One-way long position strategy when the red finger moves
1. 93,068.9 dollar long position entry section / cut-off price when the purple support line is broken
2. 96,784 dollar long position 1st target -> Good 2nd target
Please note that the possibility of a new high is very high when the Good section is broken.
From 1 to Gap 8 at the top,
if coupled with Nasdaq, it is an upward wave. (After touching the top, wait for a long entry at the bottom)
Since the success rate can be high, please consider it as a long wait without operating a separate short position
Up to section 2 is the maximum long position waiting section.
Bottom->3 is a downward sideways movement.
The reason why I set the stop loss price when the purple support line breaks today is
Because it is the place where the previous low of the daily candle created today is broken
If it is pushed hard, it can fall to the bottom 89,597 dollars (1+4) section.
Up to this point, please use my analysis article only for reference and
I hope you operate safely with principle trading and stop loss prices.
Thank you.
