May 13 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.
A section where everyone can be scared due to last week’s decline.
I reached a similar position again.
Let me summarize it simply and clearly.
Based on Bollinger Band 4-hour chart
If you look at the section that fell vertically in the candle on April 30th,
It’s similar to your current location, right?
The other part is the signal, daily chart Bollinger Band after 2nd and 3rd touch.
The center line trend direction is different.
With the movement last Friday,
All conditions for ascent have been created.
Instead, there is a candle tail shape on the left.
30-minute, 1-hour, 2-hour charts Ichimoku Balance Table Yangun When looking at the thickness
When it breaks away from the purple support line
It's a crash.
Because it is also viewed as upward on Nasdaq.
If you are overwhelmed in a battle of momentum, you will decide that you cannot make a profit.
I set a short stop loss and operated aggressively.
*Red finger movement path
Long position strategy
1. $62526.5 long position entry area / stop loss when breaking away from the purple support line
2. $64,418 long position primary target -> Top secondary target
I thought a lot about whether to pursue it or not.
Based on the current Bollinger band
From 9 o'clock, when additional candles are created for the 6-hour and 12-hour charts,
A movement that cannot be overcome by a single candle
Because a breakout is possible from additional candles
You can view it as a strategy for rising waves after 9 o’clock.
Section 1 at the top is angled upward to the right.
Number 2 at the bottom is toward the right.
Below that, Gap -> Section 3 is a safe support line with an intermediate perspective.
Please note that my analysis up to this point is merely for reference and use.
I hope you operate safely with principled trading and stop loss required.
thank you
