BTCUSD Bybit Chart Analysis February 4

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for February 4.

This is the movement after writing the analysis on February 3rd.

as indicated

Within the fluctuation range of 1000 dollars without any fluctuations
The extreme sideway move has been completed.

From a short standpoint, most of the Ichimoku equilibrium tables are
Because it was a blue cloude, there was no section to eat.
In the end, it ended with a sideway move without a wave.


Last month, after hitting the bottom of $33,000
It was a long position standby strategy based on the long position.


Failed to enter, so the trading strategy is canceled

I will focus on the whole.

4 hour chart.

Today's approximate top price and bottom price are displayed.

Broadly, within the convergence zone of the sky blue resistance line / green support line.

Red up / sky blue down movement path check

I made today's trading strategy.

This is a 30-minute chart one-way short position strategy.

All in all, I have to go through the flow.
It doesn't seem like it was easy.


I would like to see it as a short -> long switching strategy.



I've been thinking a lot today.

The current position has reached the sideways touch and the trend has stopped.
If the orange support line is broken, pay attention to the light blue finger.


* When the red arrow moves

Long -> Short -> Long Switching Strategy


1) $37329.5 long position entry section / Stop loss price when departing from the orange support line

2) $38372 long position target and short position entry section / Stop loss when breaking through the sky blue resistance line

3) $37146 long position entry section / It seems to be the long-awaited long-term entry section for major altcoins

After all, weekend.

I marked the weekend gap gap with a pink line ( futures market close )
After that, check whether or not the purple support line is deviating / Fall away from the weekend gap gap
Breaking the blue resistance line is always a good thing.


On January 24, after hitting the lowest floor of $32,900
This month, it's okay to make a good move to the right.

Violet support line breakout -> Green support line breakout
A further downtrend or bullying period may continue until next week.
Those entering each position



It is a little better than the month of January,
but the sideway move are very painful.

So, my analysis is just for reference.

Principle trading / Stop loss is essential, I hope you operate safely.



thank you.

Trade closed: target reached:

Hello

February 4 I'll check the movement after the final finish.

This is the final finish

After chasing long position $37304, chose a smooth rebound.


And I drew a new purple parallel line
The red support line was the trend line through the weekend.

There were two main circumstances.

In the daily chart center line touch battle

1) Hit the upside first, will there be a correction? or
2) After the correction, will there be a final rebound?

It was the final long position response strategy.

It's a move after

I chose the lower one first.
A strong overshooting occurred in the area where the center line was touched.

I wondered if I could go as far as the green resistance line.
Rather, I have overcome it strongly.

Without departing from the marked purple support line, the danger zone
From the 37304.5 chase purchase position / After reaching the maximum profit range of $ 4663.5.
It finished upward without breaking the purple support line.


Fortunately, most of my followers are long potion entry $33,000.

It seems that there are many people who made a profit, so I had a good weekend.


The long-awaited Real Rebounds.

It looks like the direction will be decided this week before and after the G ap retracement.


More details will be discussed in the analysis section.


thank you.