March 9 Bitcoin Bybit chart analysis

Mar 9, 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's a one-way neutral strategy.

There are no particularly dangerous signs,
It is in a downtrend, and I bet on the possibility that it will be shaken enough according to the Nasdaq movement.

*In light blue finger movement path

Short -> Long Switching Strategy

1. Entry into short position at $21762 / stop loss when pink resistance line is broken

2. Switch long position at $21319 / stop loss when green support line completely breaks or major Bollinger band support line breaks / final long position target at $21985


Keep an eye on the Nasdaq movement.


There is one thing I would like to ask you.

misunderstanding the analysis itself, or
It seems that there are people who leave comments without reading the article itself.


The reason I write analysis articles every day is not that the long, short, and neutral directions are right, but

Please use my analysis
According to the target section of the support resistance line, it is said to be used for each position, long and short.
I don't want to talk about whether it's right or wrong based on any standard.

I hope that those who are actually trading can refer to it and help.


My analysis is for reference only.


Please operate safely as principle trading / stop loss is essential.


thank you.

Mar 10, 2023

Trade closed: stop reached

Hello.

it's a BitcoinGuide.



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

After the downward wave in the indicator announcement at 10:30,
The decline has progressed.

As the good news returns,
It appears that there is a strong decline.


Orange Parallel Resistance -> Within Support
It ended after the fall.
It broke the light blue support line.


Caught in a video yesterday,
The support line is the bottom section/light blue support section

Final 11552.4 points by next week
There is a black support line,

If you leave this section,
I might hit the lowest point again
Be careful.



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

After entering the short position of $21762,
Green support line -> Deviate to the Bottom section
It came down near the orange support line.

As it is coupled with Nasdaq in the short entry section,
I came out strong.

In this process, Bollinger Band 12-hour chart + daily chart
It touches the support line and connects the downtrend.

As I expected, without touching this section
It rebounded near the green support line, but
As it is, the collapse / strategy was processed as a stop loss.

After a while, the Big Short came out,
At the bottom, the Ga2 section and the last support line at 19611.5 remain.

After leaving this section,
Like Nasdaq, it can break the lowest point
you have to be careful


Let's look at it as a whole.

see you in a while


thank you