May 16 BTCUSD Bybit Chart Analysis.
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for May 16.
After writing the analysis on May 13th, this is the Bitcoin movement.
The details are summarized in the comments at the bottom of the analysis article.
I marked the main sections with black fingers,
Apart from the Nasdaq, there is no big wave,
The sidewalk was completed by the weekend.
There is no separate entry seat, so cancellation proceeds.
This is the section before the gap retracement.
Nasdaq is all over the touch of the resistance line on the 4-hour chart
Bitcoin is the period after the 4-hour resistance line touch.
30 minutes / 1 hour chart In the state where the positive luck is kept thin
The current position is a short position operation section.
I’ll take a look at the whole
This is the Nasdaq 4 hour chart.
Today’s approximate Top and Bottom prices are displayed.
around the green support line
Check the red up/light blue down movement path
I made today’s trading strategy.
Bitcoin 4 hour chart.
The position is very ambiguous.
Following Nasdaq, if the decline accelerates
It is a seat that can be opened all the way to the bottom.
(4 , 6, 12 MACD deadcross)
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.
There are no important indicators to be announced today.
The 12-hour MACD Golden Cross is in progress on the NASDAQ side.
In terms of fast turnover and patterns, Bitcoin is more expensive than Nasdaq.
There seems to be a high probability of hitting the lower side first.
If the purple support line is broken, it can be pushed up to the bottom.
Please be careful.
I have left the main time zone and price, so please refer to it.
1) $27675.5 long position entry section / Stop loss price when the purple support line is broken
2) 33466 short position switching section / Stop loss when the green resistance line is broken
In spot exchanges, according to the timing of entering long positions,
You may want to try short-term management of major altcoins.
Please note that there is a high possibility of sidewalking.
Principle trading / Stop loss required
Hope you operate safely
thank you.

