December 22 Bitcoin Bybit chart analysis

Dec 22, 2023

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
I was so focused on just providing the drawing that I ended up analyzing it.

Due to time constraints, I had to leave right away.
I'll summarize it briefly and then I'll get to it.

*Sky blue finger movement path

Short -> Long switching strategy

1. Short position entry zone of $44213.5 / Stop loss when the orange resistance line is broken
If a short entry position does not appear,
Go long at the lower green support line

2. Long position switching at $43406.5 / Stop loss when the green support line breaks away

3. $44583.5 1st target -> Top section 2nd target

From the current location,
If there is a rebound to the previous high point breakthrough area
A whip saw may appear.

The green support line is a safe zone.
The pattern breaks from the light blue support line.
Downtrend over the weekend
It can be connected, so be careful.
Whether or not the MACD dead cross is engraved on the 4-hour chart is important.


Please keep in mind that my analysis up to this point is merely for reference.

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

Thank you for your hard work this week too.
Happy Christmas, have a nice year-end~

I'll see you next Tuesday.

thank you

Dec 26, 2023

Order cancelled

Hello
it's a Bitcoin guide.

Did everyone have a good Christmas?
I will check the movement after writing the analysis on December 22nd.



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

Sky blue finger, it was a short or long waiting strategy.
End of extreme sideways trading in both directions without touching the entry position

The strategy is cancelled.


A new gap section of $43,765.5 was created over the weekend.
Yesterday's Christmas rebound completed the reversal.

The pattern is broken, but the main section is well supported.
The danger signal has been resolved to some extent, but
Because the rise and fall are intertwined in the signal,
It appears to be moving sideways and gaining direction.

I will summarize the details in the evening analysis article.

There are only a few days left until the end of the year, so I hope you all finish well.
I hope you have a pleasant Tuesday


thank you