Bitcoin Bybit chart analysis October 2

56
Hello
It's a Bitcoin Guide.

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snapshot


This is a 30-minute Bitcoin chart.
The bottom left shows yesterday's long position re-entry point, $116,914.7, indicated by a purple finger.

We will continue with the trend-following strategy.

*Red finger movement path:
Long position strategy

1. $118,668.2 long position entry point / Stop loss price if the green support line is broken

2. $119,161.2 long position primary target -> Target prices in order from the top to the miracle level

If the strategy is successful, the first section is the long position re-entry point,
and a new high is reached after the great breakout.

The second section is the final long position entry point.
If the green support line is maintained until the second section,
it will become an upward sideways market.

If the light blue support line holds through the weekend and next week,
it could continue to rise as it's a mid-term uptrend line.

Please keep this in mind.

Bottom -> I've left up to three sections.
You can check the prices of the major support and resistance lines above and below the section I've left or by dragging.

Please use my analysis as a reference only.

I hope you operate safely, with a principled trading strategy and stop-loss orders in place.

Have a nice holiday until next Friday.

I'll be back on Friday.

Thank you.

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