BTCUSD Bybit Chart Analysis October 1

Oct 4, 2022

Hello.

“Make it simple, make profit”
It’s BitcoinGuide.

Don’t forget to
“Follow” me and press “Likes”.

If you "follow" press,

Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 1.




This is the Nasdaq 30-minute chart.

Since the bottom of last week, the rebound is coming out well.
There is no danger signal, the pattern is not broken, and in a long position
The atmosphere looks good.

Daily chart MACD Golden Cross is in progress.



Bitcoin 4 hour chart.

Today's approximate Top and Bottom prices are displayed.

It has reached the daily resistance level.
Depending on the Nasdaq movement, it can continue to move upwards.

Red up / sky blue down around the purple support line
travel route check


I made today's trading strategy.




This is a 30-minute chart one-way long position strategy.

It reached the daily resistance level, but
Like the Nasdaq, the upward movement looks good.
It looks like you can keep pushing.

I expected an upward rebound.


* When the arrow moves

long position strategy


1. 19904.5 long position entry section / Stop loss price when leaving the green support line

$21088.5 long position target.

Because there is a possibility of a sideways movement, I took a stop loss with plenty of room up to the green support line,
If today's rebound is successful, I think it would be good to keep the long position by correcting the stop loss.

I'll have to watch more, though.
Last week's Nasdaq double bottom, it looks like it could be a life trough.



My analysis is for reference only.

Principle trading / Stop loss is essential, I hope that you operate safely.


thank you.

Oct 4, 2022

Trade active

After writing the analysis, this is the Bitcoin movement.
I marked the main sections with black fingers.

After entering the 19904.5 long position for the first time,
Up to $566 profit section

It ended after a bullish uptrend following the Nasdaq.

Strategy is active processing

The daily resistance line was pressing
There were no waves or movements stronger than expected.

I'll take a look at the whole thing, and see you in the analysis post in a little while.


thank you