Hello
It's a Bitcoin Guide.
If you "follow"
You can receive real-time movement paths and comment notifications on major sections.
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Please click the booster button at the bottom.
This is the Bitcoin 30-minute chart.
*Long Position Strategy based on the movement path of the red finger
1) $70,981.1 is the entry point for the long position / Stop loss if the purple support line is broken
2) $72,922.4 is the target price -> Top 2nd target price
If the red resistance line is broken,
the uptrend will resume.
If the purple support line is broken,
it could drop to the Bottom -> up to the first zone, so please exercise caution.
Please use my analysis post only as a reference and for practical application.
I hope you operate safely by adhering to trading principles and strictly using stop loss measures.
Thank you.
It's a Bitcoin Guide.
If you "follow"
You can receive real-time movement paths and comment notifications on major sections.
If my analysis was helpful,
Please click the booster button at the bottom.
This is the Bitcoin 30-minute chart.
*Long Position Strategy based on the movement path of the red finger
1) $70,981.1 is the entry point for the long position / Stop loss if the purple support line is broken
2) $72,922.4 is the target price -> Top 2nd target price
If the red resistance line is broken,
the uptrend will resume.
If the purple support line is broken,
it could drop to the Bottom -> up to the first zone, so please exercise caution.
Please use my analysis post only as a reference and for practical application.
I hope you operate safely by adhering to trading principles and strictly using stop loss measures.
Thank you.
Trade active
Hello.This is the Bitcoin Guide.
Let's check the movements since the analysis post was written on April 8th.
This is the Bitcoin 30-minute chart.
I have marked the key zones with a black finger.
In the red finger long position strategy,
after breaking through the pink resistance line at the top,
it first touched the orange resistance line near the target price of 72.9K.
After entering a long position at the entry point of $70,981.1 at the bottom,
it rose by $972 and finished in a sideways trend.
In the case of sideways movement, since candles are formed on the right side,
it breaks out of the support or resistance line.
A new daily candle was formed today,
and it is continuing to move sideways at the green support line of the long position entry price of $70,981.1.
Since the price is consolidating without any significant movement,
I have "activated " the 70.9K long position with the condition to maintain it. I will continue with the strategy.
Currently, a MACD dead cross is in progress on the 4-hour chart.
I will see you in the strategy section shortly.
Thank you.
Trade closed: target reached
This is the movement since the analysis post was written on April 8.This is the Bitcoin 30-minute chart.
*After entering a long position at $70,981.1 (the blue finger),
it touched the target price of $73,136.3 at the top,
and then completed a perfect take-profit.
Thank you.
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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.