Bitcoin Bybit chart analysis October 10

Oct 10

Hello
It's a Bitcoinguide.

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Here is the Bitcoin 30-minute chart.

The CPI indicator will be released at 9:30 in a little while.

There are risk factors in Nasdaq,
but there is a high possibility of sideways movement.

I created today's strategy based on the part that says Bitcoin gains freedom.

There are some tricky parts in the middle, so please read carefully.

*When the red finger moves,

One-way long position strategy

1. 60,895.5 dollars long position entry section /
When the purple support line is completely broken or the 2nd section is touched, the stop loss price

2. 62,256 dollars long position 1st target / Top section 2nd target

I marked the purple finger 61.3K at the top,
and if you touch this section,
the probability of the strategy succeeding increases when the wave increases at the time of the CPI.

From the 1st section of the orange resistance line above, it is connected to an upward trend,
so please note that it may not come down to the entry point.

From the 2nd section at the bottom, it is a right-side uptrend
Roughly, look at the orange resistance line 1st section / green support line 2nd section sideways section

and raise the bottom section upward
and pay attention to the shape of the Bollinger band support line in the 12-hour chart candle that is created after a while.

If the strategy is successful overall,

you can use the additional long position re-entry section at the 61.6K section where the daily candle is created
in the adjustment from the 62.2K 1st target.

Be careful because there are also Nasdaq variables up to this point

and I hope you operate safely with the principle trading and stop loss price as essential

Thank you.

Oct 11

Trade closed: stop reached

Hello
It's a Bitcoin Guide.

I will check the movement after writing the analysis article on October 10th.



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

In the blue finger long -> short switching strategy,

the purple finger 20.2K marked at the top

(wave section for successful long position)

was not touched by 0.7 points

and the long position entry section at the bottom

20206.3 -> touched the 2nd section.

It failed to break through the orange resistance line

and ended in an upward sideways movement.

Yesterday, a sideways movement was expected
but the adjustment was strongly connected, and the rebound point was pushed to 2.

Since the rebound was not good,
the signal or pattern
created conditions for a strong decline today.

Let's break it down in detail in the analysis article.



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

In the red finger long position strategy,

without touching the purple finger minimum wave section 61.3K at the top,

it couples with Nasdaq as it is

while touching the long position entry section of 60,895.5 dollars

it broke away from the purple support line.

I cut my loss briefly.

It touched the best short / vertical decline section of 60,895.5 dollars near the center line of the Bollinger Band

and then fell to the bottom -> 58,934.5 dollars.

I skipped over the above content since it was explained in the video yesterday.

Since Bitcoin had already touched the 30-minute chart resistance line in the afternoon,
the possibility of a decline was low,
but as it was coupled with Nasdaq, the vertical decline that should have occurred in Tether Dominance
was connected to the vertical decline in Bitcoin,

and eventually reached $58,934.5,
as explained before the movement yesterday.

The vertical decline movement that I explained yesterday
was applied to Bitcoin as is,

so I am glad that those who watched the video well managed it well.

I am satisfied with the result because I tightly set the stop loss price even for the Nasdaq variable in preparation for the vertical decline in Tether Dominance.

The final rebound is also coming out well.

After touching 58.9K, it is currently rebounding strongly to around $1,925,
but the reason for the strong rebound is that it was not in the place to fall yesterday,
so I adjusted it again.

In the end, it came back to its original place.

I will watch to see what kind of movement will occur depending on the movement of Nasdaq.

Thank you.