April 19 Bitcoin Bybit chart analysis

Apr 19, 2023

Hello

It's a Bitcoinguide.

If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.

If my analysis is helpful,

I would like one booster button at the bottom, please.



Bitcoin 30 minute chart.

It is a one-way long position strategy.


Why is Bitcoin down today?
Nasdaq and Bitcoin have different business days.

There was some difference
Bollinger Band Daily Chart Centerline
Bitcoin was forced to match the Nasdaq movement.


Also, since there are too many variables in the Nasdaq movement recently,

Ignoring the possibility of sideways
We have prepared a strategy to safely wait underneath without operating a short position.

It's a double-bottom strategy.


*In light blue finger movement path

long position strategy

1. Entry into long position at $28663.5 / stop loss when breaking the green support line

$29280.5 1st target -> Top price 2nd target

You need to break the purple support line.
It is possible to enter a long position

When the green support line breaks

as indicated
Bottom -> Gap3 -> $27532.5 until the 1st low point this week
may go down.


My analysis is for reference only.

I hope you operate safely with principle trading / stop loss essential.


thank you

Apr 20, 2023

Trade active

Hello
It's a BitcoinGuide.



This is the movement after writing the NASDAQ analysis article.
The major sections were marked with a black finger.

arrow path
12974.7 After the long entry, the Top section was reached.

First of all, according to the strategy, do not ask, the rebound came out
To a rebound without justification,
Because the pattern is broken
If there is no additional rebound from the current position

Further declines are possible.



This is the movement after writing the Bitcoin analysis article.
The major sections were marked with a black finger.

I walked sideways until dawn
Detour, touch the long position entry section of $28663.5

not reaching the appointed time
Because I turned around and came down
There is a possibility of further decline depending on the Nasdaq movement.

The strategy is active.

If you touched me in advance last night
12+ day major support line condition
Turning around and falling,
It deviated from the center line of the daily chart.

It seems that the future direction will be determined according to the Nasdaq movement.

I'll see you in a minute.


thank you