May 8 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement.

Long position entered yesterday,
On the left, the Purple Finger $62916.5 strategy is connected as is.
Today too, there is a high possibility of sideways movement.
This is a position that can fall significantly from the current position 4+6.

Since it is a place with many variables,
Please check the analysis carefully.


*Sky blue finger movement path
Two-way neutral
Short -> Long switching strategy

1. Short position entry zone at $63709.5 / Stop loss when the orange resistance line is broken
2. Long position switching at $62873.5 / Stop loss when the purple support line breaks away

$64,890 Top section long position 1st target -> Good 2nd target

For those who entered long positions yesterday,
You can operate with a stop loss starting from the breakout of the purple support line.
There is no place to go short yet, as there is no 5-minute trend reversal.
Please check if the 5-minute bar trend is changing.

Section 1 at the top is the short position operation section or extreme sideways protection section.
Section 2 at the bottom is at 9 PM, only until an additional 6-hour bar is created.
This is a major rebound period. (A place that can be pushed with maximum force)

Up to the orange resistance line/green support line today.
It is a right-sloping or right-down lateral long section,

If it breaks away from the green support line, it may reach the bottom.


If you touch the 1st target of today's top section
Because it is a place where broken patterns are restored.
The possibility of further rise increases.

After touching the light blue finger short entry section $63709.5
Purple support line -> It can fall significantly below the green support line.
From a long position perspective, it must absolutely break through today.

I have written in detail so far.
I don't know if it was helpful.

Please note that my analysis up to this point is merely for reference and use.

Please operate safely with principled trading and stop loss required.


thank you

Trade closed manually:

Hello
It's a Bitcoin guide.

I will check the movement after writing the analysis on May 8th.

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

It was a light blue finger short->long switching strategy.
Immediately touch 18004.5 points (1+4 sections) at the bottom
18132 Short entry position

Green support line -> Extreme sideways trading ends within the pink resistance line

Two days ago, the Bollinger Band was upward -> downward polar sideways.
Yesterday, it was a downward -> upward extreme sideways trend.

Currently moving sideways
Bollinger Band 4-hour chart in 1+4 section
The center line is damaged, but there doesn't seem to be a problem with the signal.
I will check the overall movement and summarize it in the analysis article.

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

In the light blue finger short->long switching strategy
It failed to rise to $63709.5 at the top.
Near section 1 marked (Bollinger Band 30-minute resistance line)
Breaking out of the purple support line

Touch the green support line at $61251.5 at the bottom number 2.
It's on the rebound.


Because I connected from a long position two days ago.
The strategy was manual liquidation.

It ended in a downward trend to the right without any major breakaway.
I tried to put together a strategy, but
It would have been nice if it had been raised a little, but it is very disappointing.

Currently, there is a MACD deadcross on the 12-hour chart and daily chart.
It's in progress, but in yesterday's case, I think
Based on the candle where the tail section is created from the candle head
It broke away from the support line that rose the most in the long position.

The green support line is still in place.
Because the main support lines are alive

If Nasdaq comes to its senses, it looks like there will soon be an opportunity to rise again.
For two days, I also saw a high possibility of sideways movement.
It is slowly moving sideways to the right.

I think there will be some interesting moves starting today.
We will prepare hard and solve it together.

See you in a moment.


thank you

Trade active:

Bitcoin 30-minute chart.
If the original position is not maintained, no lifeline is left.
Everyone needs it
I think it's an important place, so I'll leave it short.


*The most important thing today is whether or not the MACD deadcross is imprinted on the 12-hour chart.
*Indicator announcement shown at 9:30
*Red arrow 1st and 2nd short position operating price
*Good upward rebound
*No. 1, 2 last support line, bottom check when breaking away

Trade active:

Breaking out of the purple support line I drew.

The green support line is being damaged.
Let’s continue the strategy right away.


go for it