March 4 Bitcoin Bybit chart analysis

4 de mar. de 2024

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today,
Tether dominance is again a vertical decline condition.
The 6-hour chart MACD golden cross is in progress.
At the top, in the section just before reaching Heaven’s highest point,
This is a chasing long position strategy.


*Red finger movement path

Long position strategy

1. $65040 long position entry area / stop loss when breaking out of the purple support line
2. $66,746 Top section 1st target -> Good section 2nd target

Today, instead of a catch-up buying strategy,
If the purple support line breaks out, a strong correction may occur.
You have to be careful.

The red resistance line/green support line section 1 is a sideways trend.

Also, from the moment of breaking through the highest point Heaven,
It's a place where you can have fun.
Since there is a high possibility of whipsaw, follow the stop loss or modify the stop loss.
Alternatively, it would be a good place to try operating it both ways.

There is a possibility that it will rise safely.
If you drag with the mouse, it will be on top of the whip saw.
I marked it as Great.


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

I hope you operate safely with principled trading and stop loss required.


thank you

5 de mar. de 2024

Trade fechado: objetivo atingido

Hello
it's a Bitcoin guide.
I will check the movement after writing the analysis on March 4th.



This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.
Red finger 18284.1 after long entry
Breaking out of the green support line -> Section 1 has been reached.

After some adjustment
Bearish signal + pattern is breaking.
I will summarize it in the afternoon analysis.



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

After entering the red finger long position of $65,040
Following the purple parallel line, the pink -> red resistance line is broken through.
Touch $68,442 in the marked Top -> Good section

It was handled perfectly.

Even in the futures market, Heaven has reached its highest point.
I joke around a lot before and after hitting the peak.
I also displayed the expected whipsaw section at the top.
Real-time selection seems important.

From the current position, set a tight stop loss.
When whipsaw appears, focus on the indicated support line.
If the upward trend continues
Whip saw section $70374.5 -> Next target price is $72130.

See you in the afternoon analysis article for more details.


thank you