Bitcoin bybit chart analysis October 17

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart

A little while later, at 9:30, there will be an announcement of Nasdaq indicators.
The possibility of a sideways move today seems very high.


*Red finger movement path
It is a one-way long position strategy.

1. $28426.5 long position entry zone / stop loss when breaking out of the green support line

2. $29,520 long position 1st target -> Top section 2nd target



Because there are full candles below the green support line.
It can flow up to the light blue support line or bottom.
You have to be careful


The bottom gap section will pass today, so I will pay attention to it.


Please use my analysis up to this point simply as a reference.


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



thank you

Trade active:

Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on October 17th.

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

Light blue finger 14998.9 After long entry
The upward trend continues until the orange resistance line.

After touching the 6+12 rebound section
12-hour chart MACD deadcross in progress

Bollinger Band 4-hour chart fierce at the center line
We are fighting.

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

red arrow

After long entry at $28426.5
End of extreme horizontal protection

The strategy was actively processed.

I thought I would miss the entry point, so I grabbed it aggressively.
It ended without any significant movement.

The perspective is the same
If you are entering the market, please pay attention to Nasdaq movements.

Well then, have a nice Wednesday everyone.
I'll see you in the afternoon analysis.


thank you

Trade active:

Red finger after long entry at $28426.5

The orange -> green resistance line has been broken through, but
There is not enough power to reach the $29,520 target.

It appears to be influenced by Nasdaq.

See you later in the analysis article.


thank you