BTCUSD Bybit Chart Analysis May 18

18 May 2022

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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 18.







This is the movement after writing the analysis on May 17th.
The details are summarized in the comments at the bottom of the analysis article,
Please note.

Bitcoin 30 Minute Chart
I marked the main sections with black fingers.

Looking at the Nasdaq,
Up and down points along the Nasdaq
Pole sideways finish without touch.
The transaction was processed as a cancellation process.

The direction seems to be coming out this week,
Let's take a closer look at the whole thing.







This is the Nasdaq 4 hour chart.

Today's approximate top price and bottom price are left.

in a pattern
In case of an uptrend, up-ward sideways
at the top of the , The dark blue resistance line is the resistance level that has not broken through the past 8 weeks.

If it breaks through, it can be connected to Real Rebounds , right?
I couldn't touch the 4 hours resistance line.
Fortunately, there is a support line coming up at the bottom.

Except in the case of a vertical decline
There are no red flags and no important indicators.

around the purple support line

Check the red up/light blue down movement path


Applied to Bitcoin.







Bitcoin 4 hour chart.

Today's approximate Top and Bottom prices are displayed.

around the green support line
Check the red up/light blue down movement path

I made today's trading strategy.






This is a 30-minute chart long position strategy.

As you can see, at the purple support/green support level.
The direction will be different.

Pay attention to the arrow or the light blue long position entry section.



It is based on the 4-hour chart MACD dead cross.
Above all, the movement of the Nasdaq is the most important.

In the case of extreme lateral protection, within the red resistance line / within the green support line.
Please note that there may be crossing over.

Today, there is no vertical downtrend or a breakout from the sky blue support line.
If the rebound is moderate, there may be further upside after tomorrow.



* When the red arrow moves

Long -> Short -> Long Switching Strategy

If you look for the price on the right, the main position is
It's not difficult, so take it easy.

If the green support line is damaged or breaks away,
You have to watch up to the bottom section.

Since it is a short position operation section on the Nasdaq, there is a possibility of a collapse.
from the present position,

*If there is a rebound, start with the short at the top.
*If it is pushed down, it seems advantageous to wait long in the bottom section.

Check the arrow movement path / light blue finger movement path movement.


I've been leading you all the way here.



If the rebound is successful at the time of entering the long position

It can be the altcoin floor in the upper or lower part, so please keep an eye on it today.


Principle trading / Stop loss is essential, I hope you operate safely.


thank you.

18 May 2022

İşlem aktif

This is the last one after a long time.

See you tomorrow morning.

You've been through a lot.

19 May 2022

İşlem kapandı: hedefe ulaştı

Hello

It's a Bitcoin guide.

After writing the analysis on May 18,
Let's check the movement.




After the final close of the Nasdaq, it is a move.
I marked the main sections with black fingers.

Sky blue finger movement path progress
After failing to break the orange resistance line

With a stronger-than-expected decline,
While being pushed down to the bottom
fell strongly.

Shown in the main time zone, 9:35 -> 12:05 trend occurs

Based on the Bollinger Bands, the 4-hour chart before touching the resistance line -> at the support level
It was the final match, but it was pushed back without a rebound.



In fact, it is judged that there is nothing left except the Monthly support line at the bottom.
Fortunately, the previous low was not broken.

Let's look at it as a whole.





After final finishing,
Bitcoin 30 minute chart.
I marked the main sections with black fingers.

Following the Nasdaq movement,
Can't break the orange parallel line resistance
Finished after falling.

sky blue finger movement path ,
At 9:40 as indicated
29835.5 dollars short position entry section / 1236 dollars profit section so far.

It wasn't a gossip long strategy,
It was a short -> long switching strategy.

The fortunate part of the misfortune was that it followed the Nasdaq and fell along with it.
The bottom section may be broken.
It was well supported without any major departures.

I thought my strategy was perfect.
After all, it seems that the existence of Nasdaq is not easy.


The war on the Nasdaq never ends

I'll look into it later in the analysis article.


thank you.