May 4 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.

If my analysis is helpful,

I would like one booster button at the bottom, please.

This is a one-way short position strategy on the 30-minute chart.

To be precise, it is a short -> long switching strategy.


*At the time of the light blue finger movement path

1. Entry into short position at $29087 / stop loss when pink resistance line is broken

2. $28,529 long position switching / stop loss when breaking the light blue support line


Today, the odds of sideways movement are very high.
Please pay attention to the Nasdaq Tether Dominance movement through the weekend.


My analysis is for reference only.

I hope you operate safely with principle trading / stop loss essential

Have a nice holiday


I'll see you next Monday.


thank you

Trade closed manually:

Hello
it's a BitcoinGuide.

This is the movement after writing the NASDAQ analysis article.
The major sections were marked with a black finger.

After 12993.9 long entry,
Orange resistance line -> until red resistance line is broken
On May 5th, analysis was stopped and a breakout was made to the previous high.

This is the movement after writing the Bitcoin analysis article.
The major sections were marked with a black finger.

First light blue finger section
After entering short position at $29087

Long position switching section at the bottom
Unable to touch 28529 dollars
Right-down sideways finish

The strategy was handled manually.

Shown above on weekends
Touch the Top section,
The breakaway progressed from the green support line to the light blue support line.

A gap section of 29507.5 dollars was created at the top.

Nasdaq is moving upwards without a problem.

Bitcoin trended sideways or to the right as expected, but
The newly created Tether Dominance
The MACD Golden Cross is not engraved on the weekly chart.

With the CPI announcement this Wednesday
Bitcoin will continue to swing up and down this week.
It seems likely.

Let's look at it as a whole.


I'll see you in a minute.


thank you