Bitcoin Bybit chart analysis December 5

6 days ago

Hello
It's a Bitcoinguide.

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This is a 30-minute Bitcoin chart.

The analysis is late, so the Nasdaq index is released and the US market is open.

I was worried a lot because I might miss the entry point.

I'll keep it simple.

*Red finger movement path
Long position strategy

1. $102,665 long position entry section / When the green support line is broken
or when section 2 is touched, stop loss

2. ToP section at the top $106,338.5 1st target -> Good 2nd target

If the strategy is successful,

section 1 at the top is a long position re-entry autonomous section.

The movement is sideways within the orange and green convergence sections of sections 1 and 2.

Today, the Bollinger Band 15-minute chart did not touch the support line even once,
so I operated it as aggressively and safely as possible. Since the 1-hour chart MACD dead cross is in progress,
It seems advantageous to operate after the imprint is completed,
And today, if you just maintain the sky blue support line, there shouldn't be any problems.

Up to this point, I ask that you simply use my analysis for reference and use,

And I hope that you operate safely with principle trading and stop loss prices.

Thank you for your hard work until late at night.

Thank you.

5 days ago

Trade closed: stop reached

Hello
It's a Bitcoin Guide.

I will check the movement after writing the analysis article on December 5th.



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

Blue finger short->long->short->long
In the switching strategy,

It failed to touch 21.5K at the top,

but it just touched the 21463.3 section -> section 1

and finished by breaking away from the blue support line.

If you look at the movement yesterday,

A strong decline like a sweeping wave occurred immediately after the new high.

Yesterday, it was pushed to a very ambiguous position,
and it touched the support line of the Bollinger Band 3-hour chart,
and the short-term pattern was broken.

I will slowly check the details 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,
After entering a long position at $102,665,
I cut my loss briefly by touching the second section at the bottom.

After that, it fell sharply,
Breaking off the main support lines,
And after touching 91K at the bottom, the lower tail is rebounding.

The fluctuation range is around $14,300.

Yesterday, it wasn't a place to fall right away.

Furthermore, touching the resistance line + center line of the daily chart based on the Bollinger Band with one candle is a movement that happens once or twice a year,

And if you look at the 4-hour chart,
It was a rebound that pressed the center line->support line at once with one candle.
Isn't it amazing?

After the Bitcoin report was renewed,
I planned to follow the trend and see the overall flow,
and I intentionally made the stop loss price tight, but fortunately, that's not the case.

If it had been a simple hold strategy or a strategy without a stop loss price,
I would have been in big trouble.
That's why a stop loss price is essential in any situation.
Do you understand?

When I checked yesterday's movement on the chart,
After the Bollinger Band daily chart center line was touched alone last time,
the report price was renewed, and
the 12+ daily pattern was restored.
It's rebounding cleanly.

After the Nasdaq and Bitcoin renewed their report prices,
they entered a new phase again,
and the trend is changing again.

Those who are experiencing it for the first time may be surprised.

In the past, I jumped more than 20,000 dollars a day,
but trading is important, but you have to look at the overall flow.
Why didn't alts fall much yesterday?

Downtrend->Uptrend->Altcoin ->Renewal of new high

This is the operating section order that we are currently executing.

From the new high,

From the time of breaking through the previous high, there may be a plunge like a sweep or double top,

and there are many Nasdaq variables,
so beginners should be especially careful.

It is difficult to explain in writing,

and since the operating methods of spot exchanges and margin exchanges are different,

I hope you operate well with a stop loss.

I will proceed privately today because there are not enough votes.

I also have to match the new trend,
so I will have to look at the chart and think about it this week.

Thank you for your hard work this week,

and see you next week.

Thank you.