Bitcoin bybit chart analysis November 14

Nov 14, 2023

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
It is a one-way long position strategy.

There will be a CPI announcement shortly at 10:30.

Today, a sideways trend seems more likely than a major trend.

If it breaks out of the green support line before 9 o'clock
Be careful as it can drop to the bottom.



*Sky blue finger movement path

One-way long position strategy

1. $36282.5 Long position entry zone / Loss when breaking out of the light blue support line

2. $37342.5 long position target / short position switching

How to touch the center line of the Bollinger Band 12-hour chart
It seems important.

While maintaining a sideways movement at the current position,
It seems that there is a need for a movement to raise the CPI in waves.

No matter who sees it, it has to fall to the bottom.
Since there was an indicator announcement, I tried to operate a little aggressively.

Please note that my analysis is merely for reference.

Please operate safely with principled trading/stop loss required.


thank you

Nov 15, 2023

Trade closed: stop reached

Hello
it' a Bitcoin guide.

I will check the movement after writing the analysis on November 14th.



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

Red Finger 15507 Long Entry Section
Touch accurately,

15707.4 points at the top -> to the top section
It came out absolutely perfect.

It was possible to operate a short position depending on the movement.
It was rolled up according to strategy along with CPI.



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

After entering the sky blue finger $36282.5 long position,
Failed to break through the pink resistance line -> It broke out of the light blue support line.

In the end, it ended after falling to the bottom section indicated.


Unfortunately, the strategy is a stop loss.

We aimed for coupling with Nasdaq and bet on positive CPI news.
When the indicators were released, there was a sideways trend.

After touching the resistance line for 30 minutes,
It fell downward, creating a downward wave.

This is what I summarized in general in yesterday’s strategy article.
I think they all did a good job in their respective positions.

I'll see you in the evening.


thank you