Bitcoin Bybit chart analysis December 18

Dec 18

Hello
It's a Bitcoinguide.

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Above is the 30-minute Tether Dominance chart.

Roughly, it should proceed as the blue finger moves,
and the beat should move in the opposite direction, right?
If I explain it, it may take all night,
so please refer only to the drawing section and major price ranges.





This is the Bitcoin 30-minute chart.

The FOMC US interest rate announcement is at 4 a.m.

Since the no-questions-asked decline yesterday,
the mid-term pattern has also been broken, so there have been a lot of turning points.

The strategy is going to be one-way,
but I don't know how to explain the mid-term turning point.

The secret section at the bottom is the Gap8 section,
and when I draw it, it seems impossible if it doesn't fall right away from the current position.

To summarize,

*The blue finger movement path is a two-way neutral
short->long switching strategy.

1. $106,394 short position entry section / red resistance line breakthrough or top section
touching is the stop loss price

2. $104,310.5 long position switching / stop loss price when the green support line is broken

After the final long position switching,
I don't know how it will move. Long target price is Top and I'd like to talk again tomorrow.

The purple support line drawn from the current position basically has to be maintained for the strategy to succeed, so please watch closely.

Orange resistance line breakthrough -> Purple support line must be damaged or separated.

... It's hard to explain.

Also, the movement within the convergence section of the orange resistance line in section 1 and the green support line in section 2 marked above and below is a sideways movement.

If it falls right from the current position or falls after section 1,

the section 2 at the bottom becomes the final long position entry section.

(section 1 is the first short position entry section of today)

section 3 is the support line of the 4-hour Bollinger Band.

It's around section 4+6 where the mid-term pattern is restored.

It becomes today's major support line,
and the bottom section is the center line of the 12-hour Bollinger Band chart.

Overall, if only the green support line is maintained,
it would be best for a long position.

I marked a thin gray line below the bottom,
which is a mid-term trend line.

Since the low point continues to rise,

if this position is not broken,

the uptrend can continue.

Up to this point, please use my analysis as a reference and only

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

Thank you.

Dec 19

Order cancelled

(Spicy) BTCUSD December 17 Bitcoin Bybit chart analysis.

If you look at the top of FOMC,

The date was entered incorrectly in the title of the analysis article I left yesterday.

The date is not December 17,

but the analysis article was conducted on December 18.

Since TradingView cannot be modified after upload,

I apologize for the confusion and ask for your understanding.

Hello,
It's a Bitcoin Guide.

I will check the movement after writing the analysis article on December 18.



This is the Nasdaq 30-minute chart.

I marked the main sections with black fingers.

Sky blue finger
In the short->long switching strategy,

Without touching the 22.1K short position entry point at the top,

it fell vertically from the pink resistance line.

After the long negative candle occurred at 4 a.m. FOMC,

a downward wave occurred.

As it broke away from the bottom -> New Gap,

it fell to the lowest point, the bright blue support of 21054.5 points.

There may be some adjustments in the continued rise,

but this time, as you can see, it went too far,

and when I looked closely at this decline,

the mid-term pattern was broken during the rise,

and it gradually rose,

and then touched the Bollinger Band monthly chart resistance line on December 17,
and the pattern was restored all at once with yesterday's movement.

It is holding its position in the 12+ daily range.

I will explain the details in the analysis article.



This is a 30-minute Bitcoin chart.

The main sections are marked with black fingers.

The sky blue finger
In the short->long switching strategy

It did not rise to the short position entry point,
and the purple finger at the top, section 1, $105,621.5
Short position entry point (it is explained as a vertical decline before and after the touch)
Downward wave progressed without touching.

In the case of the short position entry point in section 1,
The Bollinger Band 30-minute chart resistance line / best short position is correct,

But since it was created by technical analysis from the full candle on the left,
You have to touch it unconditionally,
But since the decline came from the full candle,

I couldn't even find the entry point.

Yesterday and today, it was a very difficult movement to find even a short position unless it was a full short.

The purple support line that was left as the upper and lower standard was first damaged, and then

NASDAQ and forced coupling

were strongly vertically declining.

If you look at the very bottom,

Yesterday, I thought it would be difficult to see

Gap8 section -> It fell strongly to $100,933.5,

And today, as additional daily candles were created,

It touched $98,759.5 at the bottom and is rebounding.

Since there was no entry point touch yesterday,

I canceled the strategy.

I analyzed it so hard that my eyes fell out,

But now that there is forced coupling with Nasdaq, I am losing energy.

If only Nasdaq showed sideways movement,
Bit would move normally,
But in a decline like yesterday, coupling is really losing strength.

As a result, the relationship with Nasdaq has pros and cons,
But I think it would be good to see it as a safe asset in the long term.

Yesterday's movement

Nasdaq reached the center line of the Bollinger Band daily chart
Bitcoin also reached the center line of the daily chart

But unlike Nasdaq, Bitcoin's mid-term pattern is broken
So you should be careful because it could shake up again today.

I'll explain the details in the analysis article.

Today, since the participation rate is good,
I'll proceed with a spicy analysis.

Since Hellfire Taste takes at least 4-5 hours,
Please take a look at it once.

I'll proceed with the analysis article right away.

Thank you.