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BitCoinGuide
Feb 28, 2024 10:30 AM

february 28 Bitcoin Bybit chart analysis Long

BTCUSD Perpetual ContractBybit

Description

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There will be a Nasdaq indicator announcement in a little while at 10:30.
Tether dominance is falling vertically.
I need to catch the downward wave, but I don't know if it will work out well.

Because I might miss the entry spot again today.
We proceeded aggressively.
If MACD deadcrosses on the 3-hour chart, there is a possibility of sideways movement.
If the Nasdaq is falling rather than sideways,
Be careful because the bits can also be coupled together.


*Red finger movement path

Long position strategy

1. $58721.5 long position entry zone / stop loss when breaking out of the green support line
2. $61421.5 long position 1st target -> Destiny 2nd target -> Miracle 3rd target

While working on some strategies
The target price at the top has been lowered slightly.

Good section at the top, up to the green support line section
It's a sideways market.
Bottom section when falling vertically from the current position
You can deviate from section 1 to section 2 starting at dawn or tomorrow.


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

Trade closed: target reached

Hello
It's a Bitcoin guide.
I will check the movement after writing the analysis on February 28th.



This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.

Red finger 17863.1 after long entry
The end of the downward trend to the right, breaking away from the light blue support line.
A gap section has been created at the bottom.

As Nasdaq moves sideways
The beat moves freely.
Due to yesterday's movement, MACD deadcross was imprinted on the 12-hour chart.
According to the pattern, it is touching the 6+12 section.
All red flags have disappeared.




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

After entering the red finger long position at $58721.5
Breaks through the orange resistance line without breaking away from the purple support line.
From the Top -> Destiny section indicated at the top
It arrived accurately.

The strategy is to take advantage of it.
Perfect came out.

By adjusting the upper tail at about 2 am.
Although there was a strong correction in line with the Nasdaq,
It does not deviate from the purple parallel line and is directed upward to the right.

The next target is $65,564.5 in the Mirecle section.

Today is the end of the month, so I have a lot of work to do.
I will come back with an analysis article in the afternoon without a separate lifeline.

Bitcoin also surpassed its highest point on Upbit.
This is a historic moment after a long time.

I hope everyone has a nice day.

thank you
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