BTCUSD Bybit Chart Analysis December 16

Dec 16, 2022

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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 16.





Bitcoin 4 hour chart.

Today's approximate Top Price and Bottom Price are displayed.

centered around the purple support line

Red upward / sky blue downward movement path check


I created today's trading strategy.





Bitcoin 30 minute chart.

Currently, the 4-hour support line is a major rebound.
I'm watching Nasdaq.

This is a place where additional declines and downtrends can come from the Nasdaq.

When the green support line breaks, it is operated as a stop loss.


*At the red arrow path

long position strategy

1. Entry into long position at $16995.5 / stop loss when breaking the green support line
The target is $17821.5.



The bottom section at the bottom is the daily chart support section / major rebound section and the place where broken patterns are restored.

By the weekend, $16049.5 -> I marked an additional support line of $15715.
please note.



My analysis is for reference only.

I hope you operate safely with principle trading / stop loss essential


thank you.

Dec 18, 2022

Trade closed: stop reached

This is the movement after writing the NASDAQ analysis article.
The major sections were marked with a black finger.

without any movement

Right-down sideways finish

A small gap occurred at the top.

Place the last two support lines at the bottom
The direction seems to be determined.

I'll check it out overall.




After writing the Bitcoin analysis article, it is a movement.
The major sections were marked with a black finger.

Compared to the Nasdaq, the pattern declined less
Eventually, further decline
In line with the Nasdaq position, it moved to the right and downside.

Breaking the green support line, stop loss

It is taking its place near the Gap at the top.


As the Nasdaq has a big correction,
It's taking longer than I thought.

Aiming for up to 24K this month
We will run hard.


thank you