BTCUSD Bybit Chart Analysis June 4th

BYBIT:BTCUSD   Bitcoin / U.S. Dollar


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I will begin BTCUSD Bybit Bitcoin Chart Analysis for June 4th .

This is an analysis of the 3rd of June.

From the left arrow movement path,
up to the blue finger movement path

Round-trip, up to $ 4000 in profit section

After reaching the top section,
It broke the green support line to the right.

4 hour chart.

I have marked the main sections.

Today's Top Highest Price / Bottom Lowest Price

red top / sky blue bottom

Approximately, based on the green parallel support line and resistance line
Today's direction seems to be decided.

30 minute chart neutral strategy.

purple parallel line -> orange support line,

* When the red arrow moves

Long -> Short Switching Strategy

The maximum stop loss is up to the sky blue support line.
The target is the Top section.

(If there is a rebound from the light blue support line, it will move sideways)

Based on the sky blue support line

* When the light blue finger moves

Long -> short -> long switching strategy.

A rebound from the sky blue support line
When it crosses the purple resistance line, it moves sideway move.

Short without breaking the purple resistance line
(Stop Loss when the purple resistance is broken)

Stop Loss / Long Position Switching when the last green support line is broken

Today's strategy is here.

have a nice weekend everyone

Thank you.

Trade closed: target reached:

Blue Finger -> side way move.
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