Bitcoin Bybit chart analysis November 7

Nov 7

Hello
It's a Bitcoinguide.

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Here is the Bitcoin 30-minute chart.

Shortly later at 10:30, until 4 a.m. FOMC
There are two Nasdaq indicator announcements.

In particular, in the case of the US interest rate announcement FOMC
The rate cut from 5 to 4.75% is expected
It is almost the same as the forecast,
So it seems likely that it will be applied as Nasdaq good news.

Today was a place with a lot of worries.
I brought a simple analysis article with your votes
But today, for some reason, I want to eat some mild chicken.

At the bottom left,
I connected today's strategy with the condition of maintaining the long position of the purple finger at $73,877
In yesterday's analysis article.

*Red finger movement path
One-way long position strategy (two-way autonomy)

1. 74,372 dollars long position entry section / purple support line completely detached or 2nd section touched, stop loss price

2. 1st section long position 1st target at the top -> Top section 2nd target

(Refer to the 75,412.5 dollars long position re-entry section in the 1st short section of the sky blue finger)

If there is an immediate rebound from the current position
You can operate based on the short in the 1st section of the sky blue finger at the top /
stop loss price when the orange resistance line is broken.

Since the short-term pattern is broken from the 2nd section touched,
The possibility of additional decline after tomorrow increases.

Up to this point, please use my analysis article only for reference and use

I hope you operate safely with principle trading and stop loss price.

Thank you.

Nov 8

Trade closed manually

Hello
It's a Bitcoin Guide.

I will check the movement after writing the analysis article on November 7th.



This is the Nasdaq 30-minute chart.
I marked the main sections with black fingers.

Blue fingers
In the long->short->long->short->long switching strategy

Without touching the 20773.9 long entry section at the bottom
It went up vertically

It finished by touching the Top ->Good -> Great that I marked.

Without any particular wave, it ignored the FOMC announcement
It is moving sideways after the rebound. Haha

The meaning of working hard to create a strategy has disappeared.

Because it touched the resistance line of the Bollinger Band weekly chart with yesterday's movement,
MACD dead cross was invalidated.
It touched the upper Bollinger Band and is moving sideways.



This is a 30-minute Bitcoin chart.

I marked the main sections with black fingers.

At the bottom left, after entering the long position at $73,877 on November 6,
I connected the strategy.

The red finger was a long position strategy.

The long position entry section at $74,362 reached the first section at the top without touching it.

After that, it moved sideways and damaged the orange resistance line, and finished.

It is currently moving sideways.

In the case of yesterday, it was a long or short->long switching,
but it ended as an upward sideways movement due to the Nasdaq movement,
so the strategy was manually liquidated.

It hasn't even reached the target price on November 6 yet.

Bitcoin and Nasdaq are moving sideways after breaking through the highest point.

The GIMP should also change to plus,
and altcoins should also go bullish.

The rice cake train seems to be starting now.

It has reached its highest point and

The uptrend is ongoing, but are there still people who see it as a downtrend?

It's just the beginning, so it's obvious to anyone that it's a bull market right now.

Or is it a bear market? Haha

I hope you all manage your positions well for the remaining time.

Thank you.