December 4 Bitcoin Bybit chart analysis

Dec 4, 2023

Hello

It's a Bitcoinguide.

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

During an upward trend, a correction is occurring.

You can play around before and after breaking the previous high point,
This is a section with a high possibility of sideways movement.

We have prepared the safest and most reasonable strategy.


*Red finger movement path

Long position strategy

1. $41312.5 long position entry zone/stop loss when the purple support line is completely broken away

2. $45423.5 long position primary target -> Great section secondary target

In the purple support line section
Depending on whether there is a rebound, a short position may appear near the previous high point.
Or because it is a position that can be gradually pushed back from its current position without rebound.
You need to proceed with a tight stop loss.

If the purple support line breaks out, the next support line is
The $40745 range is near the green support line.


Because the range of movement is large,
For those without a position, depending on the real-time drawing section,
Check your stop loss and operate well.


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

6 principles of trading / Stop loss is essential and I hope you operate safely.


thank you

Dec 5, 2023

Trade closed manually

Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on December 4th.



This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.

Sky blue finger 15895.7 at the long position entry section
Stop loss breaks out of the green support line -> Bottom at the bottom
It ended after falling, pushing to the purple finger zone.

In yesterday's case, it was supported by the central line of the daily chart.
The downward trend is in progress as it is slowly being pushed back.




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

After entering the red finger $41312.5 long position
The upward trend continues along the purple support line.

It did not reach the top target section at the top, but
After an extraordinary opportunity while breaking through all competitions
Since it is currently trading sideways, the strategy is manual liquidation.


Even though it was perfect, it lacked a bit of power.


The green support line was reached in real time.

When leaving the current location
The next support line is the light blue support line.

In the case of beats, there is a good rebound, but
It appears to be affected by the Nasdaq decline.

I will look at it as a whole and see you in the evening analysis.



thank you