BTCUSD Perpetual Contract
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May 19 Bitcoin chart analysis

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Hello
It's a Bitcoin Guide.
My analysis is optimized for TradingView.
If you press the Replay button, you can check real-time movements.


снимок


This is the Bitcoin 30-minute chart.
A correction is currently underway, following the movements of the Nasdaq.


*The strategy is a long position before and after touching the purple finger zone #1 at the top.

1) After confirming the touch of the purple finger zone 1
(optional short):

Red finger at $76,519.7 is the entry point for the long position / Stop loss if broken below the green support line.


2) $78,340.3 is the 1st target for the long position -> Gap 10 is the 2nd target price.

If it drops immediately without touching the purple finger:
Wait for a long position at zone #2 at the bottom (75.7K) / Stop loss if broken below the light blue support line.
If broken below the light blue support line, it could fall to the Bottom.

Today, the range from zone #2 to the Bottom becomes a major rebound zone based on the Bollinger Band support lines on the daily chart.

Please use my analysis merely as a reference and for practical purposes.

I hope you operate safely by strictly adhering to trading principles and stop-loss orders.

Thank you.
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Hello.
This is the Bitcoin Guide.
Let's check the movements since the analysis post was written on May 19th.

снимок

This is the Bitcoin 30-minute chart.
I have marked the key zones with black fingers.

Regarding the long position strategy before and after touching zone 1 (purple finger) at the top:

Without touching the purple finger, it touched the red finger long position switching zone at $76,519.7 at the bottom,
and finished in a sideways market within the green support line.


*If things had been normal,
since there was no touch of zone 1, the strategy would have been to wait for a long position at zone 2, $75,701.
However, since there was no touch of the entry point,
the strategy has been "Canceled."

Since the new daily candle was formed today,

it is currently breaking through the orange resistance line.

Lately, the market has been moving really erratically, following NASDAQ movements while ignoring waves and patterns.

I will keep pushing hard today, focusing on the Gap 10 zone at the top.

Thank you.

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