November 5th BTCUSD Chart Analysis

Nov 4, 2020

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for November 5th .









At the top is a 30-minute chart created yesterday.

Maybe because of the US presidential election,
When writing morning analysis
There was a strong uptrend.

Because of that, yesterday in real time
I had a hard time writing an analysis.

Blue finger section / Long position entry section
Pushed down,

(I left a real-time idea comment.)

After the breakthrough in section 1, it broke through to the full high.

Yesterday it didn't rise strongly,
The recommended , good move came out of Ethereum.


Congratulations to all the profitable people.







Day candle chart.

With yesterday's move,
Today I have decided to ignore the MACD deadcross.


Please check the marked rebound section.

Unless you reach the red line,
Long position is advantageous.

At the same time, a good time has come to run altcoins.


At the top, the purple section is on break
There will be a continuous upward trend.


Focusing on this part, I brought a trading strategy.








It is a 30 minute chart, a long position strategy.

Short position operation is not recommended.


If you look at it simply,

*Green parallel line / vertical rise

*Red parallel line / slow upward.


You can see it.

I put weight on the first, vertical ascent possibility.

In each major section, the entry timing and entry price are indicated.


If the green support line deviates,

Pay attention to the purple arrow section at the bottom.


It is a spot exchange.

Only in the long position operation section
equally ,

I recommend Ethereum.

Major altcoins look forward to circulating pumping.

Ripple -> Ada





Thank you for reading the long analysis.