BTCUSD Bybit Chart Analysis November 4

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for November 4.

This is a move after the final finish on November 3rd.



Yesterday was a place where there were a lot of junctions because I was going sideways.


Among them, as far as I know
I chose the upper one-way,

Create a purple parallel line as a safety device
(For overshooting that does not serve as a support line)

Breaking away from the purple support line, entering the best short

As the green support line is completely separated from the additional bar,
Strategy failure / Stop loss processing



Failure to break the orange resistance line


At dawn, we penetrated to the bottom section and marked the bottom precisely.
I even touched Real Blue support line.


With a long rebound in the lower tail
I finally came back yesterday.

But because of this move, it broke the pattern in the big trend.

The last wave failed to touch the 30-minute resistance line / Daily central line (6-hour support line)
This is because it has a downtrend

Because the 4 hour chart MACD dead cross is also being pressed.
This is a position where you have to be careful in a long position.

More details will be discussed in the analysis section.

4 hour chart

The lines may look a little messy. But I had no choice but to

Today's Approximate Top Price / Bottom Price Check

Within the red resistance / dark blue support line.
Today's direction seems to be decided

Because the pattern is broken in a big trend
In case of breaking out of the support level after today

The next support line will be around $56050.5.
From a long position standpoint, if possible today, it should not go below the blue and white support line.

30-minute chart, today's one-way short position strategy.


Overall, I looked

The 6 hour / 12 hour chart MACD dead cross looks threatening.

It seems that the main goal is how stable the defense succeeds.

If it fails, the bottom next section
Please note that it may continue to fall to around $56117.5.

it's a final short -> long switching strategy.


It can be dangerous, so I introduced it focusing on short positions.

If it crosses the red resistance line immediately
We are open to the top price. Today's trading strategy is a failure

Today's trading strategy is a failure even if it breaks out of the support line at the bottom.

Those who are maintaining a long position / spot exchange
Please pay attention to the breakout of the purple support line I marked.

When Break away, wait for cash up to the lowest Jinparang section

First of all, I don't go to the bottom section.
The goal is to succeed in rebounding after 12 hours of MACD dead cross engraving.



* When the light blue finger moves

Short -> Long Switching Strategy

The small part in the middle says to operate as directed.
I marked the price with a blue line.


If you look at the main

1) $62819.5 short position entry section / Stop loss when the red resistance line is broken

2) $60,142 long position switching section / Stop loss when breaking out of the deep blue support line

The final target is $62590.

Utilize Tracking Stop Loss / Even if a 12-hour MACD deck is in progress
If the rebound is successful, it will be engraved after tomorrow and the danger signal will disappear.


At the spot exchange

If it does not completely break the red resistance line today,
When it broke the purple support line, you turned it into cash.
I think it would be good to try to re-enter the long position in the evening.

If the strategy goes

Spot exchanges excluding margin exchanges, or beginners
It can be a painful day as you press it all day and walk sideways to the right.

Don't overdo it, and I think you should get some rest.


To be honest, I also want to rest without looking at the chart haha

It seems that my stamina is particularly low this week.
The weekend is coming soon and I feel like I want to go to sleep without thinking about anything.


My analysis is just a delusion.
Just a note please


Principle trading / Stop loss is essential, I hope that you operate safely.


I'll end it with no comments.


thank you

Trade closed: target reached:

Hello

This is the final finish.

Private comments.

It's a move after

$62819.5 short to $60843 long switching

It's a profit range of up to $2750.

Thank you.