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: Before and after touching the purple finger zone #1 at the top
1) After confirming the touch of purple finger #1:
Long position entry zone at $66,824 / Stop loss if broken below the purple support line
2) Long position 1st target at $68,904.6 -> Good 2nd target
This is a strategy for a vertical rise based on the pattern.
If it fails to touch the purple finger and drops immediately:
Long position entry zone at zone #2 at the bottom at $65,772.6 / Stop loss if broken below the green support line
From the point of breaking the green support line, the target is set to Bottom -> open up to a maximum of $65.1K.
Since the uptrend is currently strong on the Nasdaq,
the direction appears likely to be determined by whether or not there is coupling.
Please pay attention to the purple finger zone #1 at the top and the purple parallel line support.
Please use my analysis merely as a reference and for practical purposes.
I hope you operate safely by strictly adhering to trading principles and implementing stop-loss orders.
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: Before and after touching the purple finger zone #1 at the top
1) After confirming the touch of purple finger #1:
Long position entry zone at $66,824 / Stop loss if broken below the purple support line
2) Long position 1st target at $68,904.6 -> Good 2nd target
This is a strategy for a vertical rise based on the pattern.
If it fails to touch the purple finger and drops immediately:
Long position entry zone at zone #2 at the bottom at $65,772.6 / Stop loss if broken below the green support line
From the point of breaking the green support line, the target is set to Bottom -> open up to a maximum of $65.1K.
Since the uptrend is currently strong on the Nasdaq,
the direction appears likely to be determined by whether or not there is coupling.
Please pay attention to the purple finger zone #1 at the top and the purple parallel line support.
Please use my analysis merely as a reference and for practical purposes.
I hope you operate safely by strictly adhering to trading principles and implementing stop-loss orders.
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 16th.
This is the Bitcoin 30-minute chart.
I have marked the key zones with black fingers.
Regarding the purple finger zone (Zone 1) at the top, before and after the touch,
In the long position strategy,
I entered a long position at Zone 2 without touching Zone 1,
and then it touched the Bottom.
As it broke below the green support line, the strategy was executed as a stop loss.
There was no particular reason for a decline,
but it appears to be coupled with the Nasdaq's decline at the same time.
A new daily candle was formed today,
and it broke below the sky-blue support line -> it is currently consolidating near 65.1K, which I marked at the very bottom.
Lately, patterns and signals are being ignored,
and forced coupling with the Nasdaq is currently underway.
Especially in times like these, please operate safely by strictly adhering to trading principles and using stop-loss orders.
Thank you.
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Disclaimer
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[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.