february 5 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
I've been busy all day, so I don't know if the analysis progressed well.
There is a Nasdaq indicator announcement at 12 o'clock tonight.

Bitcoin suffered a Gap retracement in the afternoon.
It's going sideways, but the difficulty level is quite high today as well.
The strategy was implemented under the condition of a vertical decline in Tether dominance.
I also left the variable part in the middle.
I think it would be a good idea to check it thoroughly.


*Sky blue finger movement path

Two-way neutral
It is a long -> short switching strategy.

1. $43085.5 long position entry area / stop loss when breaking out of the purple support line

2. Short position switching at $43503.5 / Stop loss when breaking the red resistance line


Section 1 marked at the top is
This is the final short position switching section.
If it breaks through, it can rise to the top section.

Section 2 at the bottom is sideways.
Bottom->Section 3 is the support line section in order.

Even if it swings sideways this week
It looks like the MACD dead cross imprint on the weekly chart has been completed.
I hope we all work together and operate well.

Please keep in mind that my analysis up to this point is merely for reference.
I hope you operate safely with principled trading and stop loss required.


thank you

Trade closed manually:

Hello
it's a Bitcoin guide.
I will check the movement after writing the analysis on February 5th.

This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.

Red finger 17619.8 after long entry
A downward wave occurs -> Touch section 2 indicated at the bottom
End of extreme sideways trading.

When I checked the time zone,
It appears that bad news came out in the 12 o'clock indicator announcement.
There was no problem with the signal or pattern.
We continue to play around with the criteria for breaking the previous high point.

Bitcoin 30-minute chart.
Major sections are marked with black fingers.

In long->short switching strategy
Sky blue finger $43085.5 long position entry section
Touch failed with a difference of 10 dollars.

At the top, touch the short position entry area of $43503.5
It is rebounding from the deep blue support line in section 3 indicated at the bottom.

There was no touch at the first long entry position.
The short entry position worked well.

The strategy is manual liquidation.

In a difficult situation, I was lucky enough to get half of it right.
One way seems to be very difficult...
Yesterday, there was pressure on the 12-hour chart MACD dead cross.
The engraving was completed today.

Weekly chart MACD dead cross pressure
It looks like it will continue to shake.
Let's get through today well.

Have a nice Tuesday and I'll see you in the evening analysis article.


thank you

Trade active:

Bitcoin 30-minute chart is a real-time lifeline.

I have marked the main sections.
I think it would be good to use it.

thank you

Trade active:

This is real-time movement after drawing.

I touched the top of the Bollinger band first.
It is moving sideways within the green support line.

Let’s start today’s analysis.


thank you