BTCUSD Bybit Chart Analysis October 8

BYBIT:BTCUSD   Bitcoin / U.S. Dollar

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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

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

This is the move after the final finish on October 7th.

According to the path of the light blue finger
It was a long -> short -> long switching strategy.

The entry price, timing, and price were perfect.
Finally, with that sideway move , Finished with no up and down waves.

Most of them are probably in long positions.

4 hours MACD dead cross engraving completed

More details will be discussed in the analysis section.

4 hour chart.

Today's approximate Top/Bottom price is displayed.

Green parallel support/resistance line

Red up/light blue down movement path check

I made today's trading strategy

30 minute chart neutral strategy

Red arrow one-way strategy
You can see why it's a neutral strategy by looking at the moves.

I put weight on the Whipsaw today.
There seems to be a high probability that a whipso will appear in the flow , I proceeded with the whipso.

Of course, because sideway move have little movement in both long and short directions, Please note that it is unavoidable.

According to the strategy, the bottom price is slightly modified, and a purple parallel line is created.
The smile / expressionless position has been changed

The closing price of the futures market is indicated in pink on the right.

* When the red arrow moves

Long -> Short -> Long Switching Strategy

$54294.5 Long position entry section / Stop loss when deviating from the green support line

$56214 Short position switching (using long position tracking stop loss) / Stop loss when the green resistance line is broken

Final $53353.5 long position switching / Stop loss when breaking the sky blue support line

according to arrow movement
ETC Alt -> Major -> Cash -> Major Altcoin

I don't know if you understand

When it the down trend, the 6-hour chart MACD dead cross proceeds.
Please check the blue finger movement path.

Just like yesterday, right in the middle
Please note that there may be extreme sideway move.

Don't forget to buy in principle / stop loss is essential

Have a good weekend

thank you.

Trade active:
$ 56214 Whipsaw? pounding...

Good Luck.
Trade closed: target reached:

Long -> Short switching strategy

Total $4632 Profit.

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