Bitcoin Bybit chart analysis October 31

Oct 31

Hello
It's a Bitcoinguide.

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Here is the Bitcoin 30-minute chart.

The Nasdaq index will be announced at 9:30 shortly.

On the upper left,
Yesterday's short position entry point of 72,746 dollars
I connected it to today's strategy.

*Red finger
One-way long position strategy.

1. 71,493.5 dollars long position entry point / stop loss price when the sky blue support line breaks
(The sky blue support line is the green support line in the analysis article on the 30th yesterday.)

2. 73,169.5 dollars long position 1st target -> Top 2nd target

If the strategy is successful,
Look for an additional long position entry point in the daily closing section as you have been practicing.

If the purple support line is maintained,
If it reaches the Whipsaw (73.2K) section indicated at the top right from the current position,
it may plummet sharply because it is the previous high.

Today's long position entry section 71.4K was as tight as possible for fear of missing the entry point.

Please check the central line of the 4-hour candle of the Bollinger Band after 9 o'clock, which is generated shortly.

The maximum long position entry section today is number 2.

Since the bottom section is the 6-hour central line,
a slight rebound may occur,
but if the 1+4 section is deviated, the mid-term pattern will be broken,
and the bullish train may be delayed.

If possible, it would be good to maintain the sky blue support line today.

Up to this point, please use my analysis article only for reference and use,
and I hope you operate safely with principle trading and stop loss prices.

Thank you.

Nov 1

Trade closed: stop reached

Hello
It's a Bitcoin Guide.

I will check the movement after writing the analysis article on October 31.



This is the Nasdaq 30-minute chart.
I marked the main sections with black fingers.

In the sky blue finger short->long switching strategy,
After entering the short at 20244.5 at the top
Without a rebound from the green support line at the bottom

It plummeted
It ended at the blue support line near the bottom 2nd section.

Following the sudden plunge two days ago
Yesterday, there was also a gap section at the top
And even if it was just moving sideways, Bitcoin was on the verge of a surge

But it suddenly plummeted twice in a row.

Also, the 19873.1 point marked at the bottom
was the Bollinger Band daily chart support line
And the shape it was supporting was a major rebound section.

Also, this section ended in the 2nd section without touching, and then moved sideways,
foreshadowing further decline,

and from the perspective of a long position, the worst movement came out.

As expected, it's Nasdaq.

It never goes easy. Haha



This is a 30-minute Bitcoin chart.

I marked the main sections with black fingers.

In the 30-day analysis article on the upper left,

The short position entry section is purple fingers.

After entering a short position at $72,746,

I connected the strategy while maintaining it.

The red fingers were a long position strategy.

After entering a long at $71,493.5,

It broke away from the sky blue support line -> the deep blue support line,

and finally reached $69,187.

The strategy was to cut losses.

Those who have maintained the initial short position since the 30th
have plummeted by about $4,000.

Yesterday, while even considering the conditions for sweeping the top,
all conditions for a surge were created even if Nasdaq had only moved sideways.

Although the match was played cleanly on the bullish train,
the Nasdaq plummeted at 10:30 and forced coupling.

Eventually, it created a plunge.

With yesterday's movement,
the Nasdaq weekly chart MACD dead cross was almost certain,
and both the beat and mid-term patterns were broken,
so it became very complicated.

It's not going to be easy.

However, it's too early to give up.

If you come out every day and go easy, it's not fun.

If everyone makes money and profits,

the world will be full of only rich people.

It's regrettable, but don't give up.

It will take time, but

Because yesterday's plunge was coupled with Nasdaq,
It was a decline without any direct cause such as a sweep or double top.

Overall,
Since the central line of the Bollinger Band weekly chart was not pushed near the highest point,
The main upward trend is also being maintained.

It will eventually go up.

I'm personally disappointed and annoyed,
But I won't give up
I will analyze hard today as well and try to find the direction of the bullish train.

Thank you.