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 the purple finger zone #1 at the top,
Sky blue finger at $74,148.9 is the entry point for a long position / Stop loss if the purple support line is broken.
2) $75,799 is the 1st target for a long position -> Good 2nd target.
If the strategy is successful, $75,139.7 is the zone to utilize for re-entering the long position.
- If it drops immediately without touching the purple finger zone #1:
Lower zone #2 at 72.8K is the entry point for a long position / Stop loss if the green support line is broken.
If the green support line is broken, the Bottom zone at the bottom
(Mid-term Uptrend Line)
Although not visible on the screen, it could drop further down to 70.6K.
Before the June candle forms next month, the further the price moves upward over the weekend, the more favorable it is for long positions.
That is all for now. Please use my analysis merely as a reference and for practical application.
I hope you operate safely by adhering to trading principles and strictly using 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 the purple finger zone #1 at the top,
Sky blue finger at $74,148.9 is the entry point for a long position / Stop loss if the purple support line is broken.
2) $75,799 is the 1st target for a long position -> Good 2nd target.
If the strategy is successful, $75,139.7 is the zone to utilize for re-entering the long position.
- If it drops immediately without touching the purple finger zone #1:
Lower zone #2 at 72.8K is the entry point for a long position / Stop loss if the green support line is broken.
If the green support line is broken, the Bottom zone at the bottom
(Mid-term Uptrend Line)
Although not visible on the screen, it could drop further down to 70.6K.
Before the June candle forms next month, the further the price moves upward over the weekend, the more favorable it is for long positions.
That is all for now. Please use my analysis merely as a reference and for practical application.
I hope you operate safely by adhering to trading principles and strictly using stop-loss orders.
Thank you.
Trade closed manually
Hello.This is the Bitcoin Guide.
Let's check the movements since the analysis post was written on May 29th.
This is the Bitcoin 30-minute chart.
I have marked the key zones with black fingers.
*Since it came down immediately without touching the purple finger zone #1 at the top,
after entering a long position at zone #2 (72,809.3 dollars),
it rebounded to the top at 74,148.9 dollars without breaking the green support line and closed.
It consolidated significantly over the weekend without any notable movement,
and then formed a Gap 11 and completed the retracement.
New weekly and daily candles have formed this week,
and it is currently breaking the green support line near the entry zone 2.
Bitcoin doesn't look very promising,
I will proceed with manual liquidation for the strategy,
and review the overall situation.
I'll see you in a moment.
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.