March 8 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
Wednesday and Thursday continue to move sideways without any movement.
There is a Nasdaq indicator announcement at 10:30 tonight.

There is a high possibility of a sideways move today as well
The dangerous signal has disappeared
Because in the case of tether dominance, it is a condition of vertical decline.
There was a risk of missing the entry point, so I proceeded aggressively.


*Red finger movement path

Long position strategy

1. Chase buy at $67298 / Stop loss when the purple support line is broken
2. $68,870 long position primary target / top section secondary target

Sections 1 and 2 indicated are extremely lateral sections.
Some of the construction sections have changed.
If you drag the analysis text up or down, you can see
You can check major support lines and target prices.

If it ends sideways
Circulation pumping may continue to occur in minor altcoins.
Please refer to 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 for your hard work this week.


thank you

Trade closed: target reached:

Hello
It's a Bitcoin guide.
I will check the movement after writing the analysis on March 8th.

This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.
Red 18268.4 After entering long position
Breaking out of the green support line -> Bottom -> to the deep blue support line
It has fallen.

There was no particularly dangerous signal, but
After breaking through the previous high point, the downward wave -> adjustment was completed.
The pattern is broken
The weekly chart MACD deadcross is under pressure.

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

Red Finger $67,298 chasing purchase,
Breaks through red resistance line after long entry
After touching the indicated target price of $68,870 -> it was a little short of reaching the top.

The strategy has been successfully processed.

Afterwards, it is displayed at the bottom.
After touching $66,478 in section 2, it finished by maintaining the green support line without breaking away.
As it broke through the previous high point, a whipsaw appeared.

Because there was a possibility that it would rise as is.
We did not operate a separate short position.
For those waiting for long positions in section 2 indicated below,
This could be an area of additional profit.
I touched the top section while writing this post.


After a new gap retracement of $68,403.5 over the weekend
A rebound is underway
The next target range is $74039.5 at the top.

I'll see you in the analysis article in the evening for more details.

Thank you.

Trade closed: target reached:

Bitcoin is real-time.
I have surpassed the marked top section.
The next target price is $74039.5 in the Good section.
I will proceed with the analysis right away.

thank you