BTCUSD Bybit Chart Analysis December 16

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

This is the movement after writing the analysis on December 15th.




I marked the main sections with black fingers.

It was a one-way long position strategy to buy and follow the left arrow section.


Yesterday, I dealt with some urgent work and proceeded in haste.
It was a stop loss after breaking away from the orange support line

maybe , Were full of confidence or did i lose senses?
Either way, the strategy failed.

Fortunately, at the green support line I marked,
support, reaching the green resistance level

Finished upward in the green parallel line.

4 hour chart

The daily chart MACD golden cross discussed in the strategy yesterday is in progress.

Approximate top price / bottom price

I checked the whole
I understand the latest pattern.

Yesterday wasn't the time to be excited, but I think I was careless.


around the green support line

red top / sky blue bottom

I made today's trading strategy

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


it's according to the light blue finger movement path

I think it would be good to see it in a similar vein to yesterday.



Anyway, by this Friday,

It is unconditionally good if there is a Touch from the sky blue resistance line -> Gap section.


If there is no breakout from the purple support line today

I checked the arrow movement path.



* When the light blue finger moves

Short -> Long -> Short Switching Strategy

In the middle, I showed the route/price.
It is a sideway move section to some extent, so I think it would be good to operate it according to each position held.


*In case of hitting the upper side first and supporting the purple support line / Top price target according to the arrow



1) $48703 short position entry section depending on the light blue finger movement path / Stop loss when breaking through the red resistance line

2) 47751 long position switching / Stop loss when the green support line is broken

3) Long position target $50674.5 Correction of Stop Loss price or operation of short position depending on the situation



If the strategy goes on, let's run Minor Alt ->
I think it would be better to operate with a major alt when switching long positions.


My analysis is for reference only.

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


Final comments will be kept private.



thank you

Trade closed: target reached:

Hello

Let's check the movement after writing the analysis yesterday.

It's private comment.

I put more weight on the sideways rather than the trend.

$49212 short -> $47751 long Same as the first operation
proceeded without modification

It's a move after

I checked the main section with a black finger.

As indicated in the strategy

*First arrow Existing entry digit 48703.5 long / $590 profit section
*$49212 short / $1540 profit section

The final $47751 was the long position switching section.
As the crosswalk lengthens in the middle,
The green support line deviated to the right and did not count separately.


It's about $2200 in revenue, but I don't know if everyone managed it well.

It was disappointing that the miraculous rebound did not happen as expected.
Still, I think I did pretty well on the sidewalk.

I'm lucky


Fortunately, yesterday and today, I can afford to focus on the chart.

Today, I will concentrate on coming back with a hot strategy.


thank you.