It’s a Bitcoin guide.
My analysis has been optimized for TradingView.
If you press the replay button, you can check the movements in real time.
This is the 30-minute Bitcoin chart.
On the left, the purple finger indicates the entry point for the long position entered on the 22nd at $65,702.1.
The current situation is a dangerous zone as a dead cross of the MACD on the 12-hour chart could occur depending on the situation.
*It is a neutral two-way strategy: switch from short to long if the light blue finger follows the movement path, or wait for a long trade if it drops immediately.
1) Short position entry zone of $66,193.8/stop loss upon breakout of the orange resistance line
2) Switch/Stop Loss for long trades of $65,369.7 on breakout of green support line
3) The first target of the long position is $66,577.5 -> the second good target
For those who are long -65.7K:
The same stop loss when the green support line is broken
4) If the price immediately drops without touching the short position entry zone at $66,193.8 above
Lower long position entry area at the bottom ($64,854.8)
/ Stop loss when the light blue support line is broken
– Please be careful, as the price is open until Zone 1 at the bottom once the bottom zone is broken.
Please use my analysis post only for reference and practical application.
I hope you operate safely by strictly adhering to trading principles and using stop loss settings as a necessity.
Thank you
