October 12th BTCUSD Chart Analysis

Oct 12, 2020

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 12th .










A 30-minute chart created last week.


In the left red finger section,
The trick came out.

And Without breakaway the red support line,

In the blue finger section,
Accurate timing, price
The seat for entering the long position came out.


After entry, the indicated stop loss price is $ 10601


Resistance wire 1/
After breaking through the 2nd brown resistance line,


Up to $870, this is a profit section.


The spot exchange,
I recommended major altcoins,

It's all a big success.


Congratulations to all the profitable people.








Week candle chart.

With the rebound last week,
the bottom MACD Golden Cross is waiting .

Based on pink parallel line support / resistance line

Please pay attention to section 1 in the middle.

Centering on Section 1

Additional Uptrend, or
Weekend gap difference section It looks like movement will come out.


I came up with a trading strategy focusing on this part.










Today's trading strategy.

It's a 30-minute chart. It's a neutral strategy.

Personally today,
Anticipate sideways movement.

As move today,
It seems like the direction will be decided.


To summarize the main sections,

In the marked, section no1 / no2,
reach no1 section first, it will add uptrend
And , no 2 section first touch , adjust.

Before and after break away from the green support line,
Blue long position / red short position movement path is divided.


If , touch the middle and orange line, it will go sideways move.


The blue section is the no-position waiting section.


$11371 in the middle, Long short centerline.


At the highest point, the main point section is,
If do not reach,

It is the short position entry section.


The spot exchange,

On blue path
Operated as a bitcoin related item.

Wait after liquidation in the purple section.


When touching the orange line,
Red long position timing only,
In short, other altcoins are single-shot operations.


After a while, I'll see you in the Nasdaq analysis.


Thank you.