Bitcoin Bybit chart analysis October 8

Oct 8

Hello
It's a Bitcoinguide.

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This is the Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement.
It is rebounding while the mid-term pattern is broken,
and the Bitcoin pattern is also broken,
but when compared to Tether Dominance,

In terms of candles,
Bitcoin is touching the center line of the 6-hour Bollinger Band chart alone.

Tether Dominance is touching the center line of the daily chart alone.

When looking at it in the long term, I interpreted the influence of Tether Dominance to be greater.

In terms of signals,
the 12-hour chart MACD golden cross is imprinted.

If there is no Nasdaq variable,
I judged that the conditions are difficult, but it is worth a try.

In the analysis article on October 7,
I connected the strategy with the condition of maintaining a long position after the purple finger gap of $62,377

*When the blue finger moves

Two-way neutral strategy

1. 62,708.5 dollars short position entry section / stop loss price when breaking through the pink resistance line

2. 62,130.5 dollars long position switching / stop loss price when breaking through the green support line

3. 63,789.5 dollars short position switching / stop loss price when breaking through the red resistance line

As a condition for the strategy to succeed,
If the purple support line is maintained cleanly,
You can try switching long positions at around 62,708.5 dollars on the right blue finger.

1st section at the top
Movement within the orange resistance line is a sideways movement
If it falls immediately from the current position
Or the maximum possible position for long switching is
2nd section at the bottom.

I think it would be good to look at it as a rough sideways movement.

Bottom is the 4-hour chart support line
-> 60916.5 dollars is the 6-hour chart support line.

Up to this point, I ask that you simply use my analysis for reference and use only

I hope that you operate safely with principle trading and stop loss prices.

I will see you on Thursday after the holiday tomorrow.

Thank you.

Oct 10

Trade closed manually

Hello,
It's a Bitcoin Guide.

Have you had a good holiday until yesterday?
Let's check the movement after writing the analysis article on October 8th.



This is the Nasdaq 30-minute chart.
I marked the main sections with black fingers.

Blue fingers
In the short->long switching strategy,

After entering a short position at $20,012.5 at the top,

It broke through the red resistance line and finished.

On Hangul Day, yesterday,

It touched the Good -> Great section that I marked without breaking the purple parallel line support line that I drew,

and is moving sideways.

On October 8th, only the center line of the Bollinger Band daily chart
touched alone, and it is rebounding with the pattern broken.

I wonder how much it will shake in CPI today.



This is a 30-minute Bitcoin chart.
I marked the main sections with black fingers.

At the bottom left, the purple finger is 62,377 dollars
I connected the strategy from the long position.

The sky blue finger
was a short->long switching strategy.

After entering long at 62,377 dollars,

I switched short positions at the top at 62,708.5 dollars

At the bottom, the long position switching position was pushed to 62,130.5 dollars -> 2nd section,

I finished without breaking the green support line.

I proceeded with manual liquidation for the strategy.

Until yesterday afternoon, it continued to move sideways while damaging the green support line,

and then at the orange resistance line section / best short entry point,

after a vertical downward wave,

it broke away from the sky blue support line -> deep blue support line,

and fell to the pink support area

$60,471.5.

It fell more sharply than expected in the two-day analysis.

It was unstable on October 8th when the mid-term pattern was broken,

and then failed to rebound strongly as planned,
and fell even further as it connected to a vertical decline.

I left the support and resistance line prices, so everyone did a good job, right?

I was surprised that many people took the orange resistance line at the top, $62,346.5, the best short entry point.

I guess it's because it's a paradise for veterans.

The vertical decline entry point requires intermediate or higher techniques,
but I'm proud of it.

Long and short, depending on the usability, I hope everyone operates safely and well with the support and resistance line drawing section and candle price.

After the extreme sideways movement on October 8, is it because of the vertical decline?

Today, the participation rate is too low, so I will conduct it privately as a reflection.

I hope you operate CPI well.

Thank you.