March 5 Bitcoin Bybit chart analysis

5 Mar 2024

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 12 o'clock tonight.
The beat is just before breaking through to the highest point in the Heaven section.
Some of the patterns have been broken, and signals are also being adjusted.
I thought a lot about it.

The possibility is very low, but I hope the strategy works out well.
I conducted a chase purchase.
There is movement while the strategy is in progress.



*Red finger movement path
It is a short position strategy.

Long -> Short -> Long switching

1. $66,941 long position entry zone / stop loss when breaking out of the green support line

2. Short position switching at $69,538 / Stop loss when touching the 12-hour resistance line

3. Long position switching at $63458.5 / Stop loss when the pink support line breaks away

Sideways trading until the green support line,
It is a downward trend to the right up to the light blue support line.

I will omit the details.
Whipsaw strategy at the upper peak.

It is a difficult position with a high possibility of sideways movement.
I hope you operate safely in both long and short positions.


thank you

6 Mar 2024

İşlem elle kapatılmış

Hello
it's a Bitcoin guide.
I will check the movement after writing the analysis on March 5th.



This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.
In short->long switching strategy

Blue finger 18193.1 Without touching the short entry section
It continued to fall vertically -> fell to the indicated Bottom.

Due to yesterday's movement, the 12-hour chart and daily chart MACD deadcross.
Engraving has been completed
The medium-term pattern is broken.
We will look into the details in the afternoon analysis article.




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

In long->short->long switching strategy
Red Finger $66,941 after chase purchase
Unable to touch $69538 at the top during short switching
A big short occurs as is.

The strategy was manual liquidation.

If I substituted the chart time zone, the correct input value came out.
It's such a waste that the difference is about $40.
It was a big short of about $10,500, falling below the bottom mark.
It is moving sideways near the true blue support line.





If you zoom in
The red finger is the $69,583 short entry section.
After surpassing the highest point in Heaven,
69496.5 dollars, which is 41.5 dollars short of the upper tail section.

At the Nasdaq 12 o'clock indicator announcement, the sky blue resistance line
If I guessed it right, I could have caught it accurately.
I will reflect and try harder.

Also, the medium-term pattern is maintained without being broken.
There is pressure on the MACD deadcross on the 12-hour chart.
Please refer to it

Operate safely in each long and short position.
I'll see you in the afternoon analysis.


thank you

6 Mar 2024

İşlem aktif

Bitcoin 30-minute chart.

Bottom Last long switching section starts from $63458.5
It's rebounding, and I'll see you in the analysis later.


thank you