Bitcoin bybit chart analysis November 8

Nov 8, 2023

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
Powell's speech is at 11:15 today.

Nasdaq patterns and signals,
When looking at overall trend following and profit/loss ratio
I decided that a long position would be advantageous.


*Red finger movement path

One-way long position strategy


1. $35307 long position entry zone / stop loss when breaking out of the green support line

2. $36,512 long position 1st target -> Top section 2nd target -> Great section 3rd target

Short positions will not be operated separately.


From the current location

If you maintain the green support line, you are in the safe zone.

If you leave the light blue finger indicated at the bottom,
There may be a further downtrend after tomorrow.


My analysis up to this point is simply

Please note, please only use it sparingly.


6 principles of trading / Stop loss is essential and I hope you operate safely.


thank you

Nov 9, 2023

Trade closed: target reached

Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on November 8th.



This is the Nasdaq 30-minute chart.
Major sections are marked with black fingers.

Light blue finger 15220.7 Long entry followed by extreme sideways protection ends
There wasn't much movement yesterday compared to what I thought.



Bitcoin 30-minute chart
Major sections are marked with black fingers.

After entering the red finger $35307 long position
$36,512 indicated -> Touch to the top section

Luckily, it turned out perfect.

The strategy worked.


There is a great section left at the top.
I think it would be a good idea to keep the stop loss adjusted until nighttime.


I'm taking a day off from analysis today due to circumstances.
See you tomorrow


thank you

Nov 10, 2023

Trade closed: target reached

Yesterday was clearly the final target, the Great section.
I touched $37512 and got a whip saw.

See you later in the analysis article.


thank you