March 29 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
Nasdaq is currently closed, and ended yesterday with extremely flat coverage.
It has come down to an ambiguous position.

Left purple finger after long entry at $70742.5
Continuing with yesterday's strategy,
I will take responsibility and die with you all.

*Red finger movement path

Long position strategy

1. $69,971 long position entry area / stop loss when breaking away from the purple support line
2. $71741.5 long position primary target -> Target prices in order from top

The current position is exactly the section where 1+4 is maintained.
Also, because the 5-minute bar trend reversal has not yet occurred.
When a trend reversal occurs,
It increases the likelihood that your strategy will succeed.

Also, in the case of tether dominance, the short position operating range has been reached.
If it breaks through, an upward trend may occur, so be careful.

Sections 1 and 2 at the top are short position operation sections.
From the Good section, it is the highest point breakthrough.

Section 3 of the green support line is
It is near the center line of the Bollinger Band 6-hour chart.
When touched alone, there is a high possibility of sideways movement.
Because the medium-term pattern is broken
There is a possibility of further decline after tomorrow.

1+4 The next pattern is the 4+6 section, which is roughly the Bottom position.
Please check the Bollinger Band's 4-hour support + 6-hour center line simultaneous touch.


If you drag the chart window up or down,
I have left the main support and resistance prices at the top and bottom.
I think it would be good to use it in real time.

Please note that my analysis up to this point is merely for reference and use.

I hope you operate safely with principled trading and stop loss required.

Thank you for your hard work this week too.
I'll see you next Monday.


thank you

Trade closed: stop reached:

Hello
It's a Bitcoin guide.
I will check the movement after writing the analysis on March 29th.

This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.
Last week, Nasdaq was closed for Easter.

After the gap section of 18242.4 points was created at the bottom of last week's closing price

As this week's weekly and daily candles are created,
I touched the top section indicated.
The Bollinger Band touched the bottom, and the 6-hour resistance line wave progressed.
12-hour, daily chart MACD golden cross order.

The weekly chart MACD dead cross is under pressure.

I will carefully consider how it will proceed.

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

After entering the red finger long position of $69718.5
After touching the orange resistance line indicated at the top, short entry point No. 1
It broke away from the purple support line.

As the expected mid-term pattern is broken,
Unfortunately, the strategy is a stop loss.


Afterwards, it reached the 3rd sideways section of the green support line indicated.
With a rebound over the weekend
After reaching the red resistance line No. 2, the short position operation zone is reached.
A forced reversal occurred at the gap of $69718.5 created at the bottom.

It is rebounding after touching the light blue support line.
As the medium-term pattern breaks, the possibility of sideways movement increases.
The main resistance and support lines indicated in the strategy
I'm touching everything.

In most cases, the pattern is not broken.
I wanted to keep it comfortable, but it's becoming difficult.

With the pattern broken, I touched the 6-hour resistance line.
After the gap retracement, we got close to the 6+12 section.
I will summarize the details in today's analysis article.


thank you