Bitcoin Bybit chart analysis November 1

21 hours ago

Hello
It's a Bitcoinguide.

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This is the Bitcoin 30-minute chart.

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

The mid-term pattern was broken due to yesterday's movement,
and unlike Nasdaq, it touched the lower Bollinger band first.

There is pressure on the 12-hour chart -> daily chart MACD dead cross.

*Blue finger two-way neutral strategy.

Independent trading -> Start with a short in the 1st section of the purple finger

(Stop loss price when the orange resistance line is broken)

1. 69,163 dollars long position entry section / Stop loss price when the sky blue support line is broken

2. 70,625.5 dollars long position 1st target -> Top 2nd target

If the 12-hour chart and daily chart MACD dead cross are not resolved during the weekend, it seems difficult to break through the Top section. (Try to enter additional short positions autonomously.)
I have prepared a strategy that is imprinted while moving sideways rather than plummeting.

The lower tail section is the second section of the sky blue support line,
and it is best if you do not deviate from the green support line.

(Bollinger Band 12-hour chart center line)

It is best if you maintain the true blue support line without deviating until the weekend (6+12 or 12 + daily pattern recovery)

It seems that the direction will be determined within the red resistance line / true blue support line convergence section.
If a danger signal is imprinted until the weekend, I have hidden the final long position switching position.

A hidden picture that is clearly visible...

Up to this point, please use my analysis articles only for reference and use,
and I hope you operate safely with principle trading / loss cut prices.

Thank you for your hard work this week.