May 16 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is an indicator announcement at 9:30.

After first touching the lower Bollinger Band,
It's going sideways.
On the signal, before and after the MACD deadcross on the 2-hour chart
The position is a bit ambiguous.
Because it is a position with a high possibility of sideways movement.
Today, we will operate safely without greed.


*Red finger movement path

Long position strategy

1. $65,426 long position entry zone / stop loss when breaking out of the light blue support line
2. $67681.5 long position 1st target -> Good 2nd -> Great 3rd target

In the case of Tether dominance, depending on today's movements
The mid-term downward pattern may be broken.
The beat should be stronger than the top section.
It is possible to break the mid-term downward pattern.

If the purple support line is maintained,
Strong rising section

Section 1 is a section that traverses downward to the right.
If possible, within the green support line without touching this section.
It would be good if you protect it.

Please keep in mind that my analysis up to this point is merely for reference.

Please operate safely with principled trading and stop loss required.


thank you

Trade active:

Hello
It's a Bitcoin guide.
I will check the movement after writing the analysis post on May 16th.

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

Red finger 18582.3 after long entry
After touching section 1 at the top, finish with a sideways downward movement to the right.
At the bottom, a new gap section of 18541.2 has been created.

After reaching MACD deadcross on the 4-hour chart
Let’s take a holistic look at what kind of movement will emerge.

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

After entering the red finger long position of $65,426
After touching the marked section 1 one more time,
Following the light blue support line
There is a rebound up to the pink resistance line.

The strategy is active processing.
Since entering section 1, it has been rising to a maximum of about $1481.5.

If possible, I hoped not to touch section 1.
In the end, the touch proceeded.
From the current position, the pink resistance line -> The orange resistance line is broken.
There is an immediate upward trend.

Still, the movement I wanted is coming out properly.
Take advantage of the trend by adjusting the stop loss.
I will summarize this in an analysis article later.


thank you