May 11 BTCUSD Bybit Chart Analysis.
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Only 30 Min chart ,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 11.
After the final finish of Bitcoin , it is a movement.
Details of the restoration are at the bottom of the May 10 analysis article.
I’ve put it all together, so it’s good to check it out.
I marked the main sections with black fingers,
In short -> long switching,
I thought it was perfect
Unfortunately, it was pushed down one more time than the Nasdaq.
*$32461 short / $1413.5 profit section
*Profits from $31129 long switching.
without breaking the purple support line,
I’m slowly keeping it.
revenue liquidation.
Yesterday, the most important part was the Nasdaq to the 4-hour support level .
Whether there was an adjustment
It was a sideways finish any adjustments.
Let’s look at it as a whole.
Nasdaq 4 hour chart.
Today’s approximate Top and Bottom prices are displayed.
Today around 9:30
There is just one indicator announcement that doesn’t seem so important.
Max, 4 hours before and after the touch of the resistance line
It appears to be finished.
How will the direction change after tomorrow?
Green support line
Red up / sky blue down movement path check
It has been substituted for Bitcoin .
Bitcoin 4 hour chart.
Today’s approximate Top and Bottom prices are displayed.
around the purple support line,
Red up / sky blue down movement path check
I made today’s trading strategy.
This is a 30-minute chart one-way long position strategy.
Actually, the bit is more position than the Nasdaq, but in signal order
The waves are not big.
After the Nasdaq Close
I set it as high as possible from the top to the top price.
There is a possibility of extreme consolidation within the red resistance line and the purple support line.
Pay attention to the blue finger movement path / key time period during the down wave.
* When the red arrow moves
1) $32327.5 short position entry section / Stop loss when the purple resistance line is broken (4 hours center)
2) $30731.5 long position switching section / Stop loss when the purple support line is broken
After that, the intermediate wave is ignored and the final target is the Top price.
If the red resistance line fails to break through, an uptrend is expected.
Keep an eye on the Nasdaq movement.
In principle, stop-loss is essential, I hope that you operate safely.
thank you.

