Hello
It's a Bitcoin Guide.
My analysis is optimized for TradingView.
If you press the Replay button, you can check real-time movements.
This is the Bitcoin 30-minute chart.
*Long Position Strategy based on the movement path of the red finger
1) $71,853.7 is the entry point for a long position / Stop loss if the green support line is broken
2) $73,636.2 is the 1st target for the long position -> Top is the 2nd target
If the strategy is successful, $73,018.5 is the re-entry point for the long position.
If the purple support line is maintained without breaking,
a strong rise is possible; however, from the point where the green support line is broken,
the bottom zone is open.
Since the mid-term uptrend line breaks from the bottom or the sky-blue support line,
it must be strictly maintained.
Please use my analysis post merely as a reference and for practical application.
I hope you operate safely by strictly adhering to trading principles and using stop loss measures.
Thank you.
It's a Bitcoin Guide.
My analysis is optimized for TradingView.
If you press the Replay button, you can check real-time movements.
This is the Bitcoin 30-minute chart.
*Long Position Strategy based on the movement path of the red finger
1) $71,853.7 is the entry point for a long position / Stop loss if the green support line is broken
2) $73,636.2 is the 1st target for the long position -> Top is the 2nd target
If the strategy is successful, $73,018.5 is the re-entry point for the long position.
If the purple support line is maintained without breaking,
a strong rise is possible; however, from the point where the green support line is broken,
the bottom zone is open.
Since the mid-term uptrend line breaks from the bottom or the sky-blue support line,
it must be strictly maintained.
Please use my analysis post merely as a reference and for practical application.
I hope you operate safely by strictly adhering to trading principles and using stop loss measures.
Thank you.
Trade closed: stop reached
Hello.This is the Bitcoin Guide.
Let's check the movements since the analysis post was written on June 1st.
This is the Bitcoin 30-minute chart.
I have marked the key zones with a black finger.
Regarding the long position strategy (marked by the red finger),
after entering a long position at $71,853.7, the green support line was broken.
It touched the bottom zone and closed.
The strategy was executed as a stop loss.
A new daily candle was formed today, and the decline to 69.2K is currently underway.
Due to yesterday's movement, the medium-term uptrend line was broken, and only three support lines remain.
Currently, a rebound zone was captured at 65.3K, and since the Bollinger Band center line on the weekly candle was open,
it is connecting to a strong correction.
I will summarize the details shortly.
Thank you.
[Bitcoin Guide Affiliate]
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*Telegram
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*Bybit 20%DC Lifetime + $30,100
partner.bybit.com/b/Bitcoin_Guide
*BingX 50%DC + $14,100
bit.ly/3E8ZkAW
*ZeroMarket ECN 40%DC
bit.ly/3pY0dUv
*Telegram
t.me/bitcoinguide_TM
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
[Bitcoin Guide Affiliate]
*Bybit 20%DC Lifetime + $30,100
partner.bybit.com/b/Bitcoin_Guide
*BingX 50%DC + $14,100
bit.ly/3E8ZkAW
*ZeroMarket ECN 40%DC
bit.ly/3pY0dUv
*Telegram
t.me/bitcoinguide_TM
*Bybit 20%DC Lifetime + $30,100
partner.bybit.com/b/Bitcoin_Guide
*BingX 50%DC + $14,100
bit.ly/3E8ZkAW
*ZeroMarket ECN 40%DC
bit.ly/3pY0dUv
*Telegram
t.me/bitcoinguide_TM
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.