Bitcoin bybit chart analysis January 27

Jan 27, 2023

Hello

It's a Bitcoinguide.

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If my analysis is helpful,

I would like one booster button at the bottom, please.




Bitcoin 30 minute chart.

This is a one-way neutral strategy.
Today, the potential for sideways movement is very high.

# As indicated above, there is a possibility of whipsaw
#Bitcoin pattern, Gap3 retracement is correct
# In the case of Nasdaq, it is upward trending

A total of three branching points.

Please pay attention to the sideways section of the orange resistance line / green support line.


*I focused on the upward arrow path.

1. Entry into long position at $22914 / stop loss when breaking the green support line

2. $23424.5 short position / stop loss when the red resistance line is broken

3. $22646.5 long position switching / stop loss when breaking the orange support line


The probability of success is very low as there are many diverging points.

In case of further decline or strategy failure,
At the bottom, the sky blue finger -> purple finger section is displayed, so please refer to it.

I hope you operate well according to real-time movement.


My analysis is for reference only.


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


thank you.

Jan 29, 2023

Trade closed: target reached

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

Arrow movement path -> Rising upward is finished.

12175.2 -> to trueblue resistance line
There was a slightly stronger rebound than expected.



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

After entering long position at $22914,
Target price of $23424.5 late in the morning / Finish after touching the orange resistance line
It was a long->short->long neutral strategy,

As it is coupled with Nasdaq,
Wave came late
After the short, it did not come down to the long switching seat at the bottom.
After that, the Friday was the end of the sidewalk. The strategy is ripe.

On the weekend, there was a rise of up to $ 1053 from the entry price.
At the bottom, Gap4 a new gap has been created.

I'll see you in today's analysis post

thank you.