December 5 Bitcoin Bybit chart analysis

Dec 5, 2023

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart
There is an indicator announcement on Nasdaq at 12 o'clock.

It is moving sideways in an ambiguous position.
It’s a place with a lot of branching points.

Nasdaq correction is happening
In the case of tether dominance, some upward patterns were seen.
Today I brought you a strategy for adjustment.


There is a possibility that a rebound will occur first from the current position.
I do not operate a short position because the cost-effectiveness is not good.
I started with a long position.



*Sky blue finger movement path

Long -> Short -> Long switching strategy

1. $41292 long position entry zone / stop loss when breaking out of the green support line

2. Switching short position at $42321 / Stop loss when breaking the red resistance line

3. Long position switching around $40648 near the light blue support line after tomorrow.
/Stop loss when breaking out of the light blue support line

Even if a rebound occurs first from the current position,
A short entry section may occur near the orange resistance line.

Even if a rebound occurs, a whipsaw may occur near the previous high point.
From the red resistance line
I think it would be a good idea to start by operating a short position.


Sideways trading is too difficult.


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

6 principles of trading / I hope you operate safely with stop loss required.


thank you

Dec 5, 2023

Order cancelled

Hello
it's a Bitcoin guide.

I have an outside schedule this morning today.
I'll leave you with the details first and see you in the evening.

This is a movement since the analysis was written on December 5th.



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

Light blue finger 15806.9 points
It was a short -> long switching strategy.
Without any adjustments, the closing price is reached at the top.

There is a movement to restore the broken 12+ daily range.

A gap section remains at the top.




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

Sky Blue Finger was a long position waiting strategy of $41,292, but
Breaks through the red resistance line without any adjustments.
-> You have reached the indicated top section.

Since there was no touch at the entry point, the strategy was cancelled.

Those who have been holding long positions since last week
As explained, the price rose successfully without breaking away from the purple support line.


In the case of yesterday, MAC deadcross was engraved on the 3-hour chart.
The whipsaw condition was met, but

As the dead cross was lifted, the Nasdaq rose along with it.

How to operate a short position in the red resistance line
I left detailed information in real time yesterday.
Skip it.

A good rebound continues to occur in difficult situations.

It is indicated after the top section.
The Great section at the top is $45,510.
Please refer to it.



The biggest advantage of my analysis is

Long and short, in your respective positions
The point is that it can be used in real time.

Especially because we leave a “stop loss price” every day.
It can be operated safely in the danger zone.

Analytical writing is important, but
Stop loss is the most important part, so don’t forget it.



Is the Solana I mentioned yesterday?
I don't know Solana today.


I have an external schedule, so it's about evening.
See you with a great strategy.


The weather is very cold.

Be sure to wear your underwear and have a pleasant day.


thank you