Bitcoin Bybit chart analysis january 16

12 hours ago

Hello
It's a Bitcoinguide.

If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.

If my analysis is helpful,
Please would like one booster button at the bottom.





This is the Bitcoin 30-minute chart.

Nasdaq indicators will be announced at 10:30 in a little while.

In the 3-hour chart, where there is MACD dead cross pressure,
Nasdaq has a possibility of a vertical rise in real time,
and Tether Dominance has a possibility of a vertical fall from the current position.

As you can see from this week,
it just opened its mouth and went up to about $11,000, right?
Looking at the candle shape and cost-effectiveness,
I could miss the entry point, so I set a short stop loss and operated aggressively.

*Red finger movement path
One-way long position strategy

1. Pursuit purchase at $98,982 / When the purple support line is completely broken
Or when the 2nd section is touched, stop loss price

2. Top section 101,883.5 dollars 1st target -> Good 2nd target price

Since it is touching the expected support line first today, I am going to see the outcome.

The purple finger 99.7K at the top is the best short position entry point for today.

Since the 2nd section is the center line touching section of the 2-hour Bollinger Band chart
The short-term pattern can be broken,
It is best to raise it from the purple support line if possible
From the perspective of a long position.

The convergence section of the 1st and 2nd sections is a sideways market
The 3rd section is the 1+4 major support line.

Up to this point, I ask that you simply use my analysis for reference and use only.

I hope that you operate safely with the principle of trading and cut-off price.

Thank you.