BTCUSD Bybit Chart Analysis January 12

Jan 12, 2021

Hello,

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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

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










This is a 30 minute chart created yesterday.

Follow the green parallel lines that I marked,
There was a decline.

In the final, green support line + blue risk zone
The rebound came out.


Personally,
Stop loss occurred in the sky blue arrow section.

Yesterday there was a drop of up to $8500,
Congratulations to all the profitable people.








Day candle chart.

The MACD dead cross appears at the bottom.

Main section, as indicated,
Weekend gap difference retracement or further adjustment,

I brought a trading strategy.








This is a 30-minute chart long position strategy.

I couldn't break through yesterday, Green resistance line
and orange support line,
Pay attention to the small convergence section.


* Vertical rising sky blue finger section.
* Arrow movement path long -> short switching strategy




Failing to break through the resistance line,
At the bottom, if the blue support line break away
Along the green support line,
There may be further downtrend.

That is why ,
Stop loss is very short with orange support
I marked it.

It seems difficult to break through the peak,
It would be nice to use the trailing stop function.

It is a spot exchange.

Overall, altcoins are the risk zone.
However, there may be a strong rebound.

If the orange support line deviates,
Based on stop loss

Sideways, other altcoins short-term trading -> Bitcoin only
It seems advantageous to operate.

That's all for today.

Thanks for reading.

Jan 12, 2021

Trade active

Jan 12, 2021

Trade active

Jan 12, 2021

Trade active

Jan 12, 2021

Trade closed: target reached