BitCoinGuide

Bitcoin bybit chart analysis October 24

BitCoinGuide Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract


Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.

It is a one-way neutral strategy.
Today I bring you a two-way short-term strategy.


Please note that there will be an indicator announcement on NASDAQ at 10:45.


*Sky blue finger movement path

Short->Long switching strategy


1. Short position entry zone of $34820 / Stop loss when the orange resistance line is broken

2. $33345 long position switching zone / Stop loss when the purple support line breaks away

3. $36877.5 long position 1st target -> Top section 2nd target

Because the possibility of a sideways move seems high today.

Short 34820 at the top or long 33345 at the bottom.
From the section you touch first among the two,
I think it would be a good idea to start

Because the moving range is large, the stop loss was intentionally set tight.

Because the upward trend is strong
You have to be careful with the first shot.

Please note that my analysis is merely for reference.

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


thank you
Trade active:
Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on October 24th.


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

Red finger 14699.8 after long entry
End of extreme horizontal protection

The orange resistance line is being broken through.

The Bollinger Band 4-hour chart resistance line was not touched.



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

Light blue finger after short entry at $34820
Light blue finger successfully switched long position at $33,345

Unable to roll up straight away and walk sideways
Is the orange resistance line breaking through?

Because it did not rebound to the target
The strategy was actively processed.


From your current location

Check Old Gap2 -> $36877.5 indicated at the top.
I think it would be good to operate long and short in each position.


I will come back in the evening.


thank you

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