Bitcoin Bybit chart analysis October 31

13 hours ago

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.