BitCoinGuide

March 18 Bitcoin Bybit chart analysis

Long
BitCoinGuide Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
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It's a Bitcoinguide.

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

Beat's short-term pattern is broken.
I thought I might miss the entry point.
We operated aggressively.

*Red finger movement path

Long position strategy

1. Chase buy at $68077.5 / Stop loss when the green support line is broken

2. $71452.5 long position 1st target -> Good 2nd -> Great 3rd

Section 1 at the top and section 2 at the bottom are sideways markets.
It is best if it is supported within the purple support line.
Because of the possibility of extreme sideways trading, I deliberately set the stop loss with a little more room.
There are two more support zones up to the green support line.

There is a possibility of further decline from the point of departure.
Do not touch the 2nd section of the light blue support line.
This is good for long positions.

Please note that my analysis up to this point is merely for reference and use.
Please operate safely with principled trading and stop loss required.

thank you
Trade closed manually:
Hello
it's a Bitcoin guide.
I had dental treatment today, so the review was late.
I will check the movement after writing the analysis on March 18th.


This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.
Red Finger 17953.8 In Long Wait Strategy

After breaking through the pink resistance line at the top,
The end of extreme horizontal protection until the adjustment.
It broke away from the green support line.
A gap section of 17989.4 points has been created at the top.

Nasdaq is trading sideways in a 12+ daily pattern.
Weekly chart MACD deadcross is in progress.


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

Red finger 68077. After entering bull long position
Although extreme horizontal protection has been completed,

As an additional daily candle was created today,
Downward wave -> After breaking out of the green support line
It fell to near the bottom.

The strategy is manual liquidation.

Yesterday's Bollinger Band 4-hour chart center line
In a place where up and down are decided
If only the resistance line on the 1-hour chart was touched, it could be connected to an uptrend.
It ended in a sideways movement and continued to decline vertically.


As Bitcoin fell, the previous low point was broken.
The 12+ daily candle pattern was also broken.

With today's move, the adjustment period may take longer than expected.
Additional support lines at the current location are indicated by price at the bottom.
An uptrend can be connected only when the mid-term downtrend line is broken around 68.9K.

12+ Daily The next pattern is the daily + weekly central line section.
Because the distance is long, within this section
For the time being, it looks like there will be repeated ups and downs.

Because Tether dominance also broke through the downward trend line.
It looks like the rebound will continue.
We will provide detailed information in today's analysis article.

See you in a moment


thank you
Trade active:

Bitcoin 30-minute chart.
I drew out the real-time main sections that I explained.
Please refer to the main support line price.
I'll see you in the analysis article.


thank you
Trade active:

Nasdaq Gap retracement has been completed.


Bitcoin also touched the indicated $63366.
I will proceed with the analysis right away.


go for it

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