Bitcoin bybit chart analysis January 18

Jan 18, 2023

Hello

It's a Bitcoin guide.

I'm posting an analysis after a long time because of circumstances.
I prepared hard.

I hope this helps you when trading.






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


If you are not already entry
If you touch the red resistance line first, it would be nice to hold the stop loss and try the opposite trade.


Light blue finger movement path

*20639.5 long position entry section / stop loss when the purple support line completely breaks -> 21780 target


There is a Nasdaq index announcement at 10:30, so refer to it.

Within the red resistance/purple support line
Because of the high probability of
Waiting in the next position seems more advantageous than chasing.
Based on the maintenance of the purple support line, the job alt movement on the spot exchange will also look good.


My analysis is for reference only.

I hope you operate safely with principle trading / stop loss essential


thank you.

Jan 19, 2023

Trade active

This is the movement after writing the Bitcoin analysis article.
The major sections were marked with a black finger.

It was a long position at $20639.5, but

Coupling with Nasdaq
Downward wave at the top -> sideways finish

Since there was no break from the purple support line, the strategy was active.

Without a detailed explanation, I hope you do well in each position.


thank you.