february 6 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.

Overall, there are many variables.
This is a position with a very high possibility of sideways movement.
There has not yet been a 5-minute trend reversal.
Depending on the situation, there is a vertical rise in tether dominance.
Please note that you may be pushed hard.

(Bottom indicated at the bottom -> $41246.5)

At the bottom left
Yesterday, section 3 purple finger entered long at $42,305.
I connected the strategy as is.




*Red finger movement path

Long position strategy.

1. $42,731 long position entry zone / stop loss when breaking out of the green support line
2. $43,707 long position 1st target -> Top section 2nd target

After touching the upper Bollinger band today,
The position of the candle is good and it is the section just before the uptrend.

If the strategy succeeds
Because it can also break through major phonemes
I thought it could be connected to an upward trend.
We did not operate a separate short position.

The stop loss was set tightly.
Please check the 5-minute bar trend reversal.

It is a sideways trend up to section 1 of the orange resistance line/light blue support line.
The long->short strategy that everyone is looking forward to is
If the strategy succeeds
It seemed highly likely that it wouldn't come out today, so I didn't short it.


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 active:

Hello
it's a Bitcoin guide.
I will check the movement after writing the analysis on February 6th.

This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.
Light blue finger $17586.6 long position waiting strategy
After breaking away from the bottom section, until it breaks through the pink resistance line
It ended in a downward trend.

Due to yesterday's movement, a gap section was created at the bottom.
By touching the center line of the 12-hour chart
The pattern is broken and is moving sideways near the center line of the 4-hour chart.

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

After entering the red finger $42,731 long position

Break through the pink resistance line ->
Follow the green parallel line
Breaking away from the purple support line drawn yesterday.
Extreme horizontal coverage has been completed near the green support line.

The strategy is active processing.

It could be connected to an upward trend, but
Unfortunately, due to some coupling with Nasdaq, it went sideways.
It's finished.

Unfortunately, soccer also failed to advance to the finals.
The players had a hard time in a foreign country.

After touching the resistance line on the 6-hour chart
So far, the low point has been raised and near the main center line.
It's moving sideways, but I'll leave a lifeline for more details.
I'll sort it out in the evening.


thank you

Trade active:

Bitcoin 30-minute chart.
It's a real-time lifeline.

There is currently MACD deadcross pressure on the 4-hour chart.
I have left a rough outline of the main sections.
Those who have been holding long positions since yesterday
When the green support line breaks out, look at it as a stop loss standard.

After breaking away from the green support line -> Section 1
Numbers 2 and 3 at the top are short position operation sections.
From number 4, there is an upward trend.

For those who are long
Wouldn’t it be good to operate as a short-term long position target?

Well then, I will do some work and see you in the evening.


thank you

Trade active:

This is real-time movement after drawing in the morning.
This is the Nasdaq 30-minute chart.

Gap reversal completed

Bitcoin 30-minute chart.

After entering a long position at $42,731 yesterday
The green support line broke through the pink resistance line without leaving the stop loss.
We reached section 2 marked at the top.

It seems that the upward trend will begin immediately after touching section 3.
Those who are long may want to take a breather.


The 4-hour chart MACD dead cross has also been removed.
It's getting a little more complicated, right?

See you in the analysis article for more details.


thank you