February 27 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
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If my analysis is helpful,
Please would like one booster button at the bottom.
This is Bitcoin's 30-minute chart.
Nasdaq indicators will be announced at 10:30 in a little while.
It is rebounding after breaking away from the previous low yesterday,
but today's main point of view is the Bollinger Band 4-hour chart's center line touch section.
Both Nasdaq and Bitcoin are in similar positions.
I created today's strategy centered on this part.
The purple finger at $82,610 on the lower left
is the 3rd place in the long position entry section on February 26.
* When the blue finger moves,
it is a short->long switching strategy centered on long positions.
1. $88,577.5 short position entry point / stop loss price when orange resistance line is broken
2. $85,093.5 long position switching / stop loss price when green support line is broken
3. $92,090.5 long position 1st target -> Good 2nd target
If it reaches the Good section, the final short position switching
(Approximately the center line of the 12-hour Bollinger Band chart.)
If it falls immediately from the current position,
The 1st section at the bottom, $85,724.5, becomes the long position entry point.
(Same stop loss price when green support line is broken)
Since there is pressure from the 4-hour MACD dead cross in the Tether Dominance that moves in the opposite direction of the beat,
If it succeeds in rebounding in section 1,
There is also a possibility that it will strongly break through the center line of the 4-hour Bollinger Band chart. (Bitcoin is in the process of a 4-hour chart MACD golden cross)
In real time, Nasdaq is touching the center line of the 4-hour chart first.
The proper order has finally been created.
Even if Bitcoin doesn't rest on the weekend,
the order of Nasdaq -> Bitcoin is correct in terms of the pattern.
With the forced coupling with Nasdaq,
today's analysis is particularly difficult from the drawing to the entry point haha
The 2nd section at the bottom is the final long position entry point for today,
and if it reaches this section,
there is a low probability of a sweep in Tether dominance. (Bit case skyrockets)
Bottom is a double bottom -> There is a possibility of additional adjustment in the 3rd section,
so please note, and this week, if possible, it would have been good if the previous low was not broken,
but it ended up breaking and is going through a difficult time.
Up to this point, please use my analysis as a reference and only as a level of use,
and I hope you operate safely with principle trading and stop loss prices.
Thank you.
