December 21 BTCUSD Bybit Chart Analysis

Dec 21, 2021

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Only 30 Min chart ,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 21.










This is the movement after writing the analysis on the 20th


I ended up with no add final comments.

It was a light blue finger one-way short -> long neutral strategy.

The recent trend is sideways, unfortunately, the perfect could not come out.
It came out about half way.

* Left finger section $47084 / Orange resistance line touch section short
$1225.5 profit zone

The green support line does not deviate from the stop loss section

* Achieved $45877.5 long position switching section / $1682.5 profit section

It is a profit section with a little less than $ 3000 round trip.


Overall, the strategy worked well, but it was a bit disappointing.


Breaking through the orange resistance line

The original target was the red resistance wire.
It seems to lack power while moving sideways in the middle.

I'll take a closer look at the whole thing.







4 hour chart

Today's approximate top price and bottom price are displayed.

On the wave image, there is a possibility that it will go right without adjustment from the current position.
Conversely, if it goes down to the bottom, a strong rebound can occur.


Within the red resistance/green support line convergence

Check the red up/light blue down movement path

I made today's trading strategy








It is a place with many variables today.

Sky blue finger one-way long position strategy.





It seems to matter whether you hit the upper side first or the lower side from the current position.
I think it will be the same overall.


When the green support line is broken
All trading strategies are failures

Today, we put more weight on the sideways rather than the trend, because the downtrend is strong.
If you deviate from the marked main section, it may fall strongly.


When the green support line is broken, it follows the orange parallel line.
It may be connected by a down ward sideways movement.

Because it's not my personal favourite.
I focused on the green support line.



* When the light blue finger moves

Short -> Long Switching Strategy

In the mean time, the main price is indicated.

$46537.5 Long / Stop loss when the green support line is broken
-> $47190 short / If it breaks the orange resistance line, it will be about a stop loss.

Those who maintain long and short positions
It would be good to pay attention to the small sky blue resistance/purple support line.


1) $46328.5 long position switching section / Stop loss when the green support line deviates

2) $48,224 long position target and short position operation section

The red resistance line at the bottom could be the final target depending on the trend.
You can also use tracking stop loss.


As you can see, the spot exchange is up to the purple support line.
Minor Alt -> Major Altcoin Switching

Short-term trading is beneficial.


My analysis is for reference only.

Principle trading / Stop loss is essential, I hope that you operate safely.




thank you.

Dec 21, 2021

Trade active

Dec 22, 2021

Trade closed: stop reached

Hello

I'll check the movement after the final finish


Yesterday, after writing the analysis, I explained in the video.
Variables came out. There was a stronger vertical rise than expected.


In the final finish, it was short -> long switching.
Let's see what moves





This is the movement after the final finish.

I was expecting it to drop to the red support line in one shot.
While walking sideways, it did not deviate from the green support line as it was awkward yesterday,

The sky blue resistance line I marked in the uptrend a while ago.
Reached 49508.5

After the correction, I should have looked at the downward pattern and proceeded.
Personally, because the upward trend was stronger than expected
After touching the previous high point, the loss was processed.


See you later in the analysis .

thank you.