BitCoinGuide

Bitcoin bybit chart analysis October 31

Short
BitCoinGuide Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is an indicator announcement at 11pm tonight.

Yesterday there was a sideways market, but I will continue with my perspective.

Whipsaw, a strategy centered on short positions.



*Sky blue finger movement path

Long -> Short -> Long switching strategy


1. Long chasing $34430 / Stop loss when breaking out of the green support line

2. $36032.5 short position entry zone / stop loss when the bright sky blue resistance line is broken

3. Long position switching at $33849 / Stop loss when breaking out of the light blue support line


The shape of the 12-hour bar resistance line that is created after a while.
According to the Nasdaq flow, only up to the “Whipsaw Line” indicated at the top.
Please note that touching can result in strong adjustments.

Movement within the red resistance line/purple support line
It is a extreme sideways market.



Also, Whipsaw is a large plunge that occurs within a short period of time.


My analysis up to this point is simply for reference and use only.

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


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

I will check the movement after writing the analysis on October 31st.



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

Red finger 14324.6 after long entry
Touch the purple support line -> light blue finger 14410 weak adjustment completed

It was a sideways trend sloping to the right.

It's getting further and further away from the Gap section.



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

Light Blue Finger After entering a long position of $34,420
orange resistance touch

The end of the extreme right-side protection.

The strategy was active.

I boldly adopted a whipsaw strategy.
Unfortunately, this week continues to be a sideways market.

We will discuss more details in the evening analysis article.


thank you

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