December 7 Bitcoin Bybit chart analysis

Dec 7, 2023

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.

There is a Nasdaq indicator announcement at 10:30.

It's moving sideways as it reaches the 1+4 section.
MACD dead cross was engraved on the 6-hour chart.
The current position is a dangerous position.

There has not yet been a 5-minute trend reversal.
Tether dominance is a condition where you can shoot upward once or twice.
Bits can be associated with additional adjustments.


The 1+4 pattern has not been broken yet,
I'm still joking around, but including the possibility of a rebound in the Nasdaq
I incorporated it into my strategy.


*Red finger movement path

It is a long position strategy.
Those holding long positions at $42,885, which I plotted in the morning,
I'm sure there are a lot of them, so I'll run through them as is.


1. $43077 long position entry zone / stop loss when the green support line is completely broken away

2. $44,113 long position 1st target -> Good 2nd -> Great 3rd target.

In order for the 1+4 section to be maintained from a long position perspective,
In any case, the green support line must be protected.

In case of departure,

The light blue support line shown at the bottom is a sideways trend -> to the bottom.
It may be connected, but

6 hour dead cross isn't that scary

Until the 12-hour MACD deadcross
We decided that it would be difficult to connect all at once.

If it breaks out of the green support line today

There is a possibility of further decline after tomorrow.
You need to be careful

Today’s seat is very difficult, so
Beginners should take a break or set a stop loss.


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

Principle trading / stop loss required

I hope you operate safely.


thank you

Dec 8, 2023

Note

Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on December 7th.



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

Red Finger 15822.1 After entering long position
Breaking through the pink -> orange parallel line

Reach the top section

A clear and strong rise was perfect.




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

After entering the red finger $43077 long position
Top section touch failure.

The orange resistance line was touched and the extreme sideways trend ended.

Perfect failed with a difference of 160 dollars.
The strategy is active processing.


Still without touching the green support line
Without leaving the center line of the 4-hour chart
It's maintained well.

I will look at it as a whole and see you in today’s analysis.


thank you