November 6th BTCUSD Chart Analysis

Nov 6, 2020

Hello,

“Make it simple, make profit”

It’s BitcoinGuide.


Don’t forget to

“Follow” me and press “Likes”.


I will begin BTCUSD Bybit Bitcoin Chart Analysis for November 6th .








This is a 30 minute chart created yesterday.


Same as the trading strategy,

Within the green parallel line, There was a strong rise.
Also, a good move came out with altcoins.


Congratulations to all the profitable people.







This is a five-minute chart.

All charts have a set movement.

If you understand “5-minute trend shift” and “rising pattern”,

In the bullish market and the downtrend,
You can take any trend.



At the top, I marked the main section
It would be nice to refer to it.







Week candle chart.

Bybit has no data.
This is because it has not been long since the company was established.

From now on ,
I have to write an analysis based on my experience.


I think all chart analysts are struggling.



The purple section at the top,

Upon arrival,


Overshooting and adjustment.

It is the section that becomes the center of today's overall movement.


Focusing on this part, I came up with a trading strategy.







30 minute chart,

This is a long position strategy.


It took about 3 hours to write an analysis .

I have marked each major section.


Largely, within the green parallel line,
For a strong rise, check out the red trend line.



Similar to yesterday, strategy for continuous uptrend.


In the first red finger section,
Short position operation is not recommended.


At the top right, red finger section + short section
Today's maximum range.

In this section, you may run a short position.

A strong rise should not breakaway above the red support line,
Today's maximum support line is the green support line.



The spot exchange,

If it goes according to today's trading strategy
Only proceed with "Bitcoin"


If the red support line breaks,
From the green support line,

Ripple -> Ada -> Ethereum.


If there is no big drop on the weekend

Bitcoin Cash, Bitcoin SV
It looks like a good move will come out.



See you in the Nasdaq analysis in the afternoon.


Thank you.

Nov 6, 2020

Note