february 22 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There is an indicator announcement at 12 o'clock tonight.
It's been a while since I've done an analysis, but it's a very difficult position.
There is a high possibility of sideways movement, so pay attention to major sections.
*Sky blue finger movement path
Long->short switching strategy
1. $51539.5 long position entry area / stop loss when breaking out of the purple support line
2. Switching short position at $52898 / Stop loss when breaking the red resistance line
3. Switching long position at $51003 / Stop loss when breaking out of the light blue support line
Section 1 at the bottom is a sideways market.
In case of vertical decline from the current position, the displayed Bottom section is
This is today’s major rebound section on the 12-hour chart.
In the case of Bitcoin, there is pressure on the daily chart MACD deadcross.
In tether dominance, there must be a vertical decline from the current position.
You can succeed with your Bitcoin strategy.
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
