BTCUSD Bybit Chart Analysis October 8th

Oct 8, 2020

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 8th .












This is a 30 minute chart created yesterday.

It was Ignore the left red finger section.

The green support line break away,
but , After a long position entry of $10583, the upward-right sideway move ended.


There was not much movement,

Instead of ,
In the ETC altcoin, a good move came out.
Congratulations to all the profitable people.








From tomorrow ,Korea is a holiday.

Because , Today, I took care and brought a strategy.


Week candle chart.
Brown, check the triangle convergence section.

Within the convergence section,
If you fail to break through the resistance line

Unconditionally, it will reach $10308.


Please refer to it.












Day candle chart.


There are main resistance lines, No. 1 and No. 2.

If you can't break through,
At the bottom, you will reach $10322.


Here, what will you choose?

1. No position waiting.
2. Wait for short position.
3. Wait for long position.



There is no correct answer here.

But , Your choice can be the right answer.







4 hours chart.


Each major section,
Trend line / parallel line section.

If you need it, please use it.










It is a 30-minute chart, a long position strategy.

Since it has been a lot complicated,
It has been simplified.


*Check the green and red support line convergence section.
* Returning after rebound,
Orange short position operating section in motion.
*If you deviate from the green support line at the bottom,
It gets closer to 10310.


*At the highest point,
The sky blue section is the first major section.

When the additional candle break through, it maintains a long position
If you cannot break through, it is advantageous to operate a short position.


The spot exchange,

Other altcoins -> major altcoins,
If the red support line is deviated, it is based on a stop loss.


Have a good weekend.


Thank you.