Bitcoin Bybit chart analysis October 21

11 hours ago

Hello
It's a Bitcoinguide.

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This is the Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.

Nasdaq is in a stronger downtrend than expected.
I was a little nervous while analyzing.

Bit is currently in the 1+4 section (a meaningful support line)
Tether Dominance is in a short-term uptrend
It was a place where I had a lot of concerns.
Nasdaq currently looks like it is either in a crash or a downward sideways movement.
Bit is a place where I am concerned about the 12-hour chart MACD dead cross
It seems that it will be applied importantly depending on the movement today.
Overall, I proceeded as safely as possible.

*When the blue finger moves,
Bidirectional neutral
Long->Short switching strategy

1. When the purple finger reaches $68,706.5 at the top
Start with a short position / Stop loss when the orange resistance line breaks through

2. Switch to a long position at $67,792.5 -> Check the lower tail of the long position until $67,512 in the first section / Stop loss when the blue support line breaks

3. Switch to a short position at $69,069 / Stop loss at the orange resistance line or proceed autonomously

As I roughly explained above,
In the case of an immediate decline from the current position and a downward wave after a downward wave, the position may change.

*Whether it is a purple finger short->long switching
or a long wait in the blue finger, section 1
You should carefully check the real-time movement.

It is a sideways market up to the orange resistance line / sky blue support line,
but if the orange resistance line is not broken today,
the 12-hour chart MACD dead cross pressure may be connected after tomorrow.

Depending on the movement of Nasdaq today,
if the sky blue support line is damaged or falls downward,
please pay attention to the Bottom -> 2 section at the bottom.

Up to this point, please use my analysis as a reference only,
and I hope you operate safely with the principle of loss cut price.

Thank you.