Bitcoin bybit chart analysis October 18

Oct 18, 2023

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart


There is an indicator announcement on Nasdaq at 9:30.
Bitcoin's 4-hour chart MACD deadcross is depressed.

There is a high possibility of a sideways move today, but the danger signal has passed on Nasdaq.

I think there are some people who were long yesterday.

I came up with the same strategy.



*Red arrow movement path

One-way long position strategy


1. Long position entry area of $28255.5 / Stop loss when breaking out of the green support line

2. $29,520 long position 1st target -> Top section 2nd target


Section 1 marked at the top is extremely sideways.

If the green support line breaks, the full candle will break.
The price shown in the light blue support line can be pushed at once.


Please keep in mind that my analysis up to this point is merely for reference.

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


thank you

Oct 19, 2023

Trade active

Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on October 18th.



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

Red Arrow 15021.8 It was a long position strategy, but
It ended after breaking away from the purple support line to the light blue support line.

created on the 18th
Up to the Gap section at the top and MACD dead cross engraving on the 12-hour chart.
It was a long strategy, but it is being pushed to the next pattern.

It is currently crossing the central line of the daily chart.

Let’s take a holistic look at what kind of movement will emerge.




Bitcoin 30-minute chart
Major sections are marked with black fingers.

After entering the red finger $28255.5 long position

Breaking through the orange resistance line -> After touching the green support line
It's going very sideways.

The strategy was actively processed.

After a strong overshoot on Monday,
It's another boring sideways move.


Yesterday, after the MACD deadcross on the 4-hour chart
I think they are watching Nasdaq.

I'll look into it overall and see you in the evening.


thank you