March 20 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
The FOMC announces US interest rates at 3 am.
The beat is just barely in the danger zone.
The rebound is continuing.

Compared to Tether Dominance, we have brought the most realistic strategy.

Purple finger at the bottom left after long entry of $61,546 (61.5K)
Let’s continue with our strategy.


*Sky blue finger movement path
Today is a two-way neutral strategy.
Short -> Long switching strategy

1. Short position entry area of $64731 / Stop loss when the orange resistance line is broken

2. Long position switching at $63025.5 / Stop loss when the purple support line is broken

From the section that is touched first, either short or long.
You can proceed with your strategy.

Instead, in the case of a long position, a stop loss must be taken if the purple support line is broken.
Section 1 near the green support line at the bottom is sideways.
When leaving, Bottom -> vertical decline
Up to 2 sections can be connected.

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

Trade closed: target reached:

Hello.
It's a Bitcoin guide.
I will check the movement after writing the analysis on March 20th.

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

Yesterday, light blue fingers followed the announcement of US interest rates.
It was a short->long switching strategy.
Unfortunately, the entry point is not touched.
After moving sideways, a good news occurred at 3 a.m.
Vertical rise occurs.

In the indicated order: Top -> Good -> Great
We are on the verge of breaking the previous high point.
A Perfect section is left at the top.

Please check the analysis article for more details.

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

Purple finger on the left After entering 61.5K long position
Light blue finger short->long switching strategy
Of the two, we proceeded with the strategy up to the possibility of touching the long position first.

Without touching the $64731 short position entry section at the top
After touching $63025.5 at the bottom
While maintaining the purple support line, go from Top to Good section.
Perfect came out.

The strategy was carried out as expected.

After long entry at 61.5K, it was in danger.
Nasdaq rises vertically + Tether dominance plummets
Luckily, the strategy worked out well.

Rising Trend at the top Ahead of the upward trend
The central line of the Bollinger Band 4-hour chart has been reached.
Because it is a place where the upper and lower areas are divided from the current location.
We will carefully consider it and implement a strategy.


See you in a moment


thank you