BTCUSD Perpetual Contract
Long
Updated

Bitcoin Bybit chart analysis December 8

1 686
Hello
It's a Bitcoin Guide.

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Please click the booster button at the bottom.


snapshot


Here's a 30-minute Bitcoin chart.
There are no separate indicators released today.
I've developed a long position strategy based on Nasdaq movements.

*Conditional long position strategy based on the red finger movement path.
- If the price touches the top once or twice and rebounds within the purple support line, it's a vertical rise.

1. If the price falls immediately without touching the top once, the lower level is $91,308.2, the entry point for a long position. / If the green support line is broken, the stop-loss price is $91,308.2.

2. $93,432.7, the first target price for a long position -> the top is the second target price.
If the strategy is successful, $92,961.4 is the point at which to re-enter a long position.

If the price reaches the top before the 9:00 AM candlestick tomorrow, you can enter a short position and then wait for a long position. (Bollinger Band daily chart resistance zone)

The green support line held tight,
but after breaking out, it opened to the bottom, reaching 3 levels.

Please note that my analysis is for reference only.

I hope you will operate safely, with a focus on principled trading and stop-loss orders.

Thank you.
Trade closed: stop reached
Hello,
It's a Bitcoin Guide.

I'll check the movement after writing the analysis on December 8th.

snapshot

This is a 30-minute chart of the Nasdaq.
I've marked the major sections with black dots.

While I don't upload separate Nasdaq analysis articles,

I do keep track of patterns and movements to some extent for Bitcoin analysis.

I followed a strategy roughly in numerical order,
and switched from short to long.

I waited for the 30-minute support + 1-hour support pattern.

However, a downward wave appeared in the first section,
ignoring the support line,
and immediately plummeted to the third digit.

Yesterday, there were no separate indicators released,
and seeing a sharp drop just before an uptrend,
it's a truly bizarre Nasdaq.

Yesterday's movement broke the mid-term pattern,
and the weekly MACD is forming a golden cross,
but it keeps making serious moves just before an uptrend.

snapshot

This is a 30-minute Bitcoin chart.
The key areas are marked with black fingers.

In the red finger long position strategy,
after entering a long position at $91,308.2,
the green support line candlestick broke,

and fell to the bottom->3 level,
marked below.

After a rebound,
it touched the deep blue support line again and is now moving sideways.

The strategy is to cut losses.

Yesterday, Bitcoin's short-term patterns were all intact,
and the strategy was to wait long around the 30+1 pattern.
But it ignored all patterns and support lines,

and at 11:30 PM, it was 100% forced to couple with the Nasdaq.

These days, it's been moving very erratically.

As I explained in the last video,

with a long position bottoming at $83,795.4,

the overall direction was upward,

and I expected some up-and-down movement.

However, the forced coupling,
ignoring the fundamental patterns, support lines, and even the wave patterns,

made analysis more difficult.

In fact, in this situation, a defensive approach is far more advantageous than an offensive one.

It's crucial to wait long or short at the very last position.

While I maintain a long-term perspective,
participation rates are gradually declining and interest is waning,
and I'm losing energy.

Daily analysis itself isn't easy.

Creating entry points, stop-loss prices, and target prices while plotting is more challenging than I expected.

For the time being, I'll take a break and focus on personal development.

Thank you.
Note
Hello,
It's a Bitcoin Guide.

I'll check the movement after writing the analysis on December 18th.

snapshot

This is a 30-minute chart of the Nasdaq.

I've marked the major sections with black fingers.

I didn't do a detailed analysis, but

I roughly assumed it would be a 1->2 switching or sideways movement.

If it falls immediately, I'd wait long at 3.

I just figured out the pattern.

At the top, it finished in a very sideways pattern within 2, without touching 1.

(If you check the candlesticks for the long bearish candlestick after a slight rebound,
a correction occurred at 2 a.m.)

Today, a new daily candlestick was formed,
and it's touching the upper Bollinger Band first.

snapshot

This is a 30-minute chart of Bitcoin. I've marked the key areas with black fingers.

In the red finger conditional long position strategy,

after touching the first purple finger area at the top,

at the long position switching area at $87,215.3,

an additional candle broke through the green support line.

It closed after falling to $84,682, marked at the bottom.

After the additional daily candle was created today,

a rebound around $3,700 is underway.

Yesterday, the first purple finger area was the best short entry point.

At 2:00 a.m., it coupled with the Nasdaq,

breaking through the green support line -> rebounding to the bottom at 84.6K.

I believe it's possible to re-enter a short position in the middle, and utilize it in real time.

+Including the annoying Nasdaq.

I will manually liquidate the strategy.

I think you all understand why drawing key price ranges and entry points is essential in analysis.
Those who managed the market effectively in real time could have leveraged up to $8,000 in both short and long positions.

The top section, marked above and below, is the best short position,
and the bottom section, at 84.6K, is the best long position switching point.

This morning, I briefly taught you about patterns for the upcoming uptrend,
and I'm proud to see a rebound around $3,700.

However, the Nasdaq is the most important,
and we'll have to see it through to the end, right?

It's breaking through the orange resistance line I drew in real time,
and if you look at the gray support line at the bottom where the rebound occurred,
you can see the uptrend line for this rebound.

I'd recommend watching to see if the current rebound continues, or if it breaks through the lows again and starts a major uptrend.

For those of you who are maintaining long positions with real-time comments this morning,
see the chart below. For those of you who entered long at 84.6K,
I hope you'll follow along with the stop-loss adjustment.

That's all for the review. Have a great weekend, and keep up the good work today.

Thank you.

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