October 26 Bitcoin Bybit chart analysis

Oct 26, 2023

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.

There is a Nasdaq indicator announcement today at 9:30 and 11:00.


*Sky blue finger movement path

It is a short->long switching two-way neutral strategy.


1. Short position entry zone of $34596 / Stop loss when the orange resistance line is broken
(If you miss the short entry position, you can wait long at the bottom entry section.)


2. $33745.5 long position switching section / stop loss when breaking out of the light blue support line

3. $34872 long position primary target -> Old Gap2 section secondary target


After breaking the orange resistance line at the current position
In case of successful rebound without breaking away from the purple support line

At the red resistance line or Old Gap2 section
Be careful because whipsaws may appear.

The 6-hour chart MACD deadcross is in progress.

Depending on the movement in the green support line rebound zone
The upward trend may be maintained again.


My analysis up to this point is simply for reference and use only.

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


Thanks for reading.

Oct 27, 2023

Order cancelled

hello
This is a Bitcoin guide.

We will check the movement after writing the analysis on October 26th.



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

Red finger 14244.7 After long entry,
Just touch the gap section at the top and fall to the light blue support line.

A new gap section of 14157.6 has been created at the bottom.



This is a movement after writing a Bitcoin analysis article.
Major sections are marked with black fingers.

light blue fingers
In short->long switching strategy

Short position entry section $34596 fell without touching anything.
Long position switching $33745.5 rebound without long position touch

The strategy is cancelled.

I'm currently touching the bottom first.

From the current location,
Please pay attention to the pink resistance line/light blue support line convergence zone.

If you don't succeed in rebounding

This may lead to further declines.


Then I'll see you in the evening.

thank you