BTCUSD Perpetual Contract
Long
Updated

Bitcoin Bybit chart analysis December 23

194
Hello
It's a Bitcoin Guide.

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snapshot


This is the Nasdaq 30-minute chart.
Indicators will be released shortly at 10:30 AM and 12:00 PM.
I've made rough predictions about the likely movements.

Whether the red finger or Gap 6 retraces before and after the purple finger touches seems important.

I've applied this directly to Bitcoin.



snapshot


Here's a 30-minute Bitcoin chart.
Tomorrow is Christmas Eve, and the day after is Christmas Day, so I've covered two days of analysis up to the 25th.
I'll briefly summarize the key points and then move on.

*When the red finger moves,

One-way long position strategy

1. Confirm the purple finger touches once at the top (autonomous short)

Long position entry point at $87,328.6 at the bottom / Stop loss if the green support line is broken

2. If the strategy is successful, utilize the intermediate wave with the pink finger

First target for a long position: $89,398 -> Target prices in order from the top to the top.

If the pink resistance line is not broken from the current position,

it will trigger a vertical decline.

The key question today is whether the Nasdaq will retraceive Gap 6.

Also, if the price touches the first section and rebounds without breaking above the purple support line, it's most advantageous for a long position.
I've set my stop-loss level slightly loosely to the green support line.
If it holds until this point, it will become a safe sideways market.
(Check the MACD dead cross on the 6-hour chart.)

After breaking the green support line, the candlestick pattern can fall to the second section at the bottom.

The price is open to a maximum of 84.5K until the 25th.
If this section breaks, it will represent a double bottom.

Holding the light blue support line at the bottom of the second section will create the conditions for continued upward movement this month.

Please use my analysis to this point as a reference only.

I hope you operate safely, adhering to principled trading and a stop-loss level.

Will there be a Christmas Santa beam?

Have a good year-end and see you on Friday.

thank you
Trade closed: target reached
Hello,
It's a Bitcoin Guide.

I'll check the movement since the analysis was written on December 23rd.

snapshot

This is Bitcoin's 1-hour chart.
It's been quite some time since my last analysis,
so I'm using the 1-hour chart.

I've marked the key areas with black fingers.

*After touching the 1st area (purple finger at the top),

in the conditional long position strategy,

after touching the autonomous short entry area at $88,168.1 at the top,

I switched to the long position at the lower area (87,328.6).

Afterwards, the price moved sideways until Christmas, damaging the green support line,

but it reached the target price of $89,398.1 at the top.

After that, as time passed, the price moved sideways, so I ignored the green support line.

After new weekly and daily candlesticks were formed today, I reached the top.

My strategy was to switch from short to long, and then take perfect profits.

Currently, a sharp correction is occurring.

The price is fluctuating significantly, so I recommend everyone trade with discipline.

Thank you.
Note
Hello,
It's a Bitcoin Guide.

I'll check the movement since writing the analysis on December 29th.

snapshot

This is a 30-minute Bitcoin chart.
I've marked the major sections with black fingers.

In the red finger conditional long position strategy,
the price immediately fell without touching the first section of the purple finger at the top.

*Successfully entered a long position at the bottom section below, $86,750.8.

After touching the first section at the top, the price closed in a sideways pattern.

After retouching the bottom section today,
it is rebounding strongly.

It continues to ping-pong up and down,
which seems advantageous for two-way short-term trading.

It's fluctuating between $1,300 long->short->long, just under $4,000.

Since the bottom has rebounded successfully without breaking below the blue support line, I will conclude my strategy with active trading.

Have a great year-end.

Thank you.
Note
Hello,
It's a Bitcoin Guide.

After writing the analysis on December 29th,

we drew the chart on the 30th.

Let's check out the movement thereafter.

snapshot

This is a 30-minute Bitcoin chart.
I've marked the key areas with black dots.

In the lower left corner, I've used the purple dots to indicate the long position entry area at $86,750.8, which I entered on the 29th.

On the afternoon of the 30th, I've redrawn only the key areas.

This is the real-time movement.

After entering the long position at $86,750.8, it failed to touch the top,
and rose to a maximum of $2,600 before closing.

After that, it moved sideways,

touching the $87,301.5 level I left in the green support area,

and broke through the orange resistance line. It's currently rebounding to around $1,750.

Based on the monthly candlestick chart, it should have moved much higher,

but it's a bit disappointing.

Since no take-profit cuts have been made yet, the strategy is considered active.

I'll maintain the long position entry price at $86,750.8 in the lower left corner.

I'm not sure if it will reach the target price (Top -> Good) range today.

Also, as I provided some explanation last week,
*due to the operating method of the domestic FIU's financial information analysis,
official activities in Korea will be difficult going forward.

Thank you for your consideration.

I hope you continue to operate successfully with principled trading for the remainder of your time.

Thank you.

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