February 17 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.
Long waiting based on the rising pattern in Nasdaq
The best short entry section in Tether Dominance came out at the mid-term point.
There is a possibility of a gap reversal at the top and I may miss the entry point today, so
I operated aggressively.
*One-way long position strategy when the red finger moves
1. Pursue purchase at $96,252.5 / Stop loss when the purple support line breaks away or when the 2nd section is touched
2. Top section 1st target -> Good 2nd target
Short position switching when the Good section is reached
Movement within the 1st and 2nd sections at the top is a sideways market.
There may be a strong decline from the 2nd section breakaway,
so those who are operating long positions should be careful.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with principle trading and stop loss prices.
Thank you.
