BTCUSD Bybit Chart Analysis May 11th.

BYBIT:BTCUSD   Bitcoin / U.S. Dollar


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I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 11th .

This is an analysis from last week.

Without much movement, the sideway was finished.

After that, a strong drop occurred on Sunday.

This part,

Bitcoin Margin listing & It is good to compare after listing.
(2017.12 Before And After)

For a big drop ,
I hope everyone doesn't have any major damage.

Week candle chart.

On the weekend, a large gap gap occurred.

Last week, if you look at the shape of the candle
The upper and lower tails were generated simultaneously.

Today, there are still unresolved parts,
And , The exact direction can be confirmed tomorrow.

Focusing on this part , I brought a trading strategy.

30 minute chart.
neutral strategy.

Centered around the orange line

Check the blue / red route and entry section.

For each finger section,
Long position, short position All are valid.

Short oriented trading is advantageous today,

When moving red,

If , the red parallel support line Breakaway, at the bottom,
Not good.

Stoploss / Principle trading.

Please remember.

Thank you.


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