BTCUSD Bybit Chart Analysis December 30

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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 December 30.

This is the movement after writing the analysis on the 29th.



Yesterday, I expected an upward movement according to the arrow movement path.
But Stop loss after breakaway the purple support line.

It ended with a downward trend to the right near the red support line.

There was no support line below the red support line.
Fortunately, I was successful in supporting it.

been very bored with movements lately,
Let's take a look at the whole

4 hour chart

Personally, I think the sideway move is the most difficult thing in the world.

There are many branching points, and unless it is a real-time movement
Because interpretation is impossible.

Today's approximate top price and bottom price are displayed

around the purple support line

Check the red up/light blue down movement path


I made today's trading strategy

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

The reason for holding a tight stop loss value even if the strategy fails
It is a dangerous section with a strong downtrend, but there is a high possibility of sideways moving,
so , do not know where it will bounce.
This is a strategy to see cost-effectiveness.


In the case of sideways trading, since there is no trend, we try to trade in the opposite direction.
In today's case, it is a position that has the strength to lift it up.

If the red support line is broken, it can flow downward.
It's not my favorite spot because it's a section where there are more variables.


I'm going to try to win a match at the purple support line.


Green parallel line / purple parallel line according to some strategy
And the Top price has been fixed


Those who are maintaining a long position should pay attention to whether the purple support line is broken.


* When the red arrow moves

long position strategy

1) $46742.5 Long position entry section Stop loss price when the purple support line is broken

After that, you have to keep moving up to the right without giving an entry position.
The final top price is the long position target

A stop loss correction would be beneficial.

If the strategy is successful, minor alt -> major switching is expected



create a down wave at the current position, or

If it falls to the right, it's not a favorite spot.
In the same pattern as yesterday, I marked the 44882.5 light blue finger section.



It's the end of the year and everyone seems to be busy.

I also have things to deal with, so I'll take it easy.


The analysis is for reference only.


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


thank you

Trade closed: target reached:

Hello

it's a Bitcoin guide

I will check the movement after writing the analysis on December 30th.

It was a one-way long position strategy based on the arrow movement path.

When it broke the purple support line, it was a stop loss and strategic failure.


Fortunately, I've been able to keep it up to date.
The sideway move is finished along the purple parallel line

Because it's a sideway move.

From entering the long position of $46742.5
Green Resistance Break -> Purple Resistance
Until the first counting, only the $1009 profit section was counted.

We will discuss the details in the analysis .


thank you