BYBIT:BTCUSD Bitcoin / U.S. Dollar
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 11th .
This is an analysis from last week.
Without much movement, the sideway was finished.
After that, a strong drop occurred on Sunday.
Bitcoin Margin listing & It is good to compare after listing.
(2017.12 Before And After)
For a big drop,
I hope everyone doesn't have any major damage.
Week candle chart.
On the weekend, a large gap gap occurred.
Last week, if you look at the shape of the candle
The upper and lower tails were generated simultaneously.
Today, there are still unresolved parts,
And , The exact direction can be confirmed tomorrow.
Focusing on this part , I brought a trading strategy.
30 minute chart.
Centered around the orange line
Check the blue / red route and entry section.
For each finger section,
Long position, short position All are valid.
Short oriented trading is advantageous today,
When moving red,
If , the red parallel support line Breakaway, at the bottom,
Stoploss / Principle trading.