Bitcoin Bybit chart analysis March 5

4 giorni fa

Hello
It's a Bitcoinguide.

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This is the Bitcoin 30-minute chart.

There is an indicator announcement at 12 o'clock on Nasdaq.

Yesterday, based on Tether Dominance, the 4-hour chart was maintaining a thin line above the center line,
so it is rebounding strongly as expected, coupled with the Nasdaq rebound.

It is very difficult to make an entry point again today.

Yesterday, Nasdaq touched the Bollinger Band weekly chart support line, so I judged this week to be a major rebound section.
(It is good that the support line is supporting it.)
At least, Bitcoin followed the trend according to the possibility of a sideways movement without a plunge.

*Red finger movement path
Long position strategy

1. $88,407 long position entry section / cut-off price when purple support line is broken

2. $96,005 1st target -> Top section 2nd target
After liquidation, bottom section 1 long position re-entry section / cut-off price autonomous

Today's long position entry section is
30-minute support + 1-hour central pattern that returns.
(Today's first wave)

I explained most of the key points of the strategy yesterday.
The reason I focused on the long position today is
The daily chart MACD golden cross is in progress,
*In the case of Tether dominance, it is a daily central line + 12-hour chart support line pattern,
but since the mid-term pattern is broken and the daily chart central line is the second touch, I thought it was highly likely to be pushed by force.

Section 1 at the top and section 2 at the bottom are sideways.

Because the downward direction is open from the bottom section,
it can flow up to section 3.

Up to this point, I ask that you simply use my analysis for reference and use only,
and I hope that you operate safely with principle trading and stop loss prices.

Thank you.

3 giorni fa

Trade attivo

Hello
It's a Bitcoin Guide.

This is the movement after the analysis article was written on March 5th.



This is the Nasdaq 30-minute chart.
The main sections are marked with black fingers.

In the red finger long position strategy,

The long position entry section at the bottom is 20433.5 points -> Section 2 is touched
The green support line is not broken, and the first section is touched at the top
It ended with a very horizontal support.

After a new daily candle was created, it first touched the lower Bollinger Band
It is breaking away from the green support line.
I will explain the details in the analysis article.



This is the Bitcoin 30-minute chart.
The main sections are marked with black fingers.

The purple finger on the lower left is the 2nd section in the analysis article on March 4, and the rebound started from $83,076.

(As explained in the video on March 4, among the Bitcoin surge conditions,

Tether Dominance 4-hour chart strong decline condition followed by strong rise)

The red finger long position strategy.

After entering the long position at $88,407 at the bottom,

it rebounded upward without breaking the purple support line and finished.

There was an increase of about $4,400, and it did not touch the 1st sideways section,

and is moving sideways.

The strategy is active processing.

Unlike Nasdaq, it touches the upper Bollinger Band first and
is moving sideways.

I will explain the details together in the analysis article.

Thank you.