BitCoinGuide

Bitcoin bybit chart analysis October 27

BitCoinGuide Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
It is a one-way neutral strategy.

There is a Nasdaq indicator announcement at 9:30 tonight.

Overall, I bet on a sideways market.

Instead, there may be many variables today.
Please check the analysis carefully.


*Red arrow movement path
It is a two-way neutral strategy.

Long -> Short -> Long switching strategy


1. $34135.5 long position entry zone / stop loss when breaking out of the green support line

2. $34556.5 long position 1st target -> Top section 2nd target

Depending on real-time movement,
Short at the orange resistance line / Stop loss when the orange resistance line is broken
When reaching the top section, go long at the purple support line.

After breaking through the red resistance line,
When an upward trend is connected

In the Whipsaw section and OldGap2 at the top until dawn.
Be careful because a strong plunge may occur. (Whipsaw)


3. Long position switching at $33,931 / Stop loss when the green support line is broken


The current position is a section where the 5-minute trend reversal was successful.
If you adjust right away, pay attention to the light blue finger movement.



Although it is two-way
I focused on the red finger movement path.
The results will also be processed according to the red finger.


Please note that my analysis is merely for reference.

I hope you operate safely with principled trading/stop loss required.


Thank you for your hard work this week.


thank you
Trade closed manually:
Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on October 27th.


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

Red finger 14235.9 after long entry
End of extreme sideways trading.

Last week, there was a retracement in the gap section at the bottom.
A new 14185.6 Gap section was created today.



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

red fingers
It was a long -> short -> long switching strategy.

After long entry at $34135.5
After damaging the green support line,

Target price touched at $34556.5 -> After adjustment, the rebound finished.
Unfortunately, there was no rebound to the top section.


Re-entry after stop loss depending on the situation
Because it was possible to operate from short to long switching.

The strategy was manual liquidation.

A gap section was created at the bottom of $33,849.


I will explain more details in the evening analysis article.


thank you

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