Bitcoin bybit chart analysis October 23

Oct 23, 2023

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart

There is no separate indicator announcement today.

There is a possibility of sideways movement, but since it is the section immediately preceding the upward trend,
We proceeded as safely as possible.


*Red arrow movement path

Long position strategy


1. $30149.5 long position entry zone / stop loss when breaking out of the green support line

2. $31651 long position 1st target -> Great section 2nd target


Please note that breaking the orange resistance line can immediately lead to an upward trend.


Nasdaq continues to trend downward.

It would be nice to check the movement in real time.


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

Please operate safely with principled trading/stop loss required.


thank you

Oct 24, 2023

Trade closed: target reached

Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on October 23rd.



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

Red finger 14436.8 after long entry
Finished after touching the indicated 14734.5

The central line of the 4-hour chart has not been touched yet.




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

Red finger after long entry at $30419.5
Break through the indicated Top -> Great section

After breaking through to $34016, unfortunately, it is not until Old Gap 2 section.
Couldn't reach it.

The strategy worked.

Touch the entry point accurately
There was an overshoot, but I was lucky this time too.


I'm updating it after continuing to leave the upper tail.

You may be affected by today's Nasdaq movements.
It would be good to check real-time movement.


See you in the evening


thank you