BTCUSD Bybit Chart Analysis November 1

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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 November 1.

Last Friday, I took a break from writing analysis.
There are a lot of things that need to be sorted out.

From the close of the month to the weekend movement, I have summarized it roughly.




Look at the 4 hour chart above.

In the upper left corner,
after the failure to touch the Bollinger Bands resistance wire

A downward trend occurred
After the rebound from the 4-hour chart support line
The futures market closing has been completed.
(bybit)

In a large trend, in a pattern
The 12-hour support VS the 4-hour resistance line is a downtrend and has a downtrend.

The candle creation position starts from the daily chart.
It is located above the center line of the ballvan.
Looks good for a long position.


Today's Approximate Top Price / Bottom Price Check

Within the red resistance line / light blue support line convergence zone

Today's direction seems to be decided.

Red arrow one-way long position strategy.

When the purple support line is broken,
It would be nice to see the maximum sky blue support line.

If it deviates from the sky blue finger zone, today's strategy is a failure.



Because a new monthly candle, has been created
Even if it rises, you have to make a wave once and mark the bottom section.

What form it will come in is important.


Top / Bottom prices have been modified according to the real-time strategy.

A purple parallel line / pink overshooting section has been added.


* When the red arrow moves

long position strategy


1) Starting with a rebound from $61350.5 in the first arrow long position entry section
/ Stop loss when the purple support line is broken

2) $62191 additional long position entry section / Stop loss price when the purple support line is broken

The final target is the top price of $64130.5

At the highest point thereafter, depending on the situation
Short short on the condition that it does not break the previous high,
Or, you can take the trend by correcting the long position stop loss.


If the purple support line breaks down to the right

Pay attention to the blue finger section.


On the weekend, there were good moves in ETC Alt.

According to today's strategy, as a basis for updating additional highs
I think there will be good moves in major altcoins.


Please refer to my analysis for reference only.

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


Starting today, I have personal work and I'm suddenly participating in a competition.

For the time being, it will be held privately without further comments.
Please understand



Thanks for reading

Trade active:

Trade closed: target reached:

Hello

We will check the movement after the closing of the private.

Private comments 1.

Private comments 2.


This is the final finish

Long position rebound success in gap section

The important part from here is
How far does the adjustment go?

* Under the circumstances at the time, exactly 3 hours by touching the resistance line
High potential for further uptrend
*After returning the weekend gap, it does not return to the same place.


Two conditions were met

Based on the 30-minute support line

As in the initial analysis, the Stop Loss strategy is applied when the sky blue support line is broken.
It operated as is.

It's a move after

Missing one of the first gap rollbacks,
Analysis is messed up

From the Gap return price after that, $60632 -> $1912.5 profit section
(Only the entry price was counted)

In the upper left corner of the black finger
Additional uptrend expected / Proceed according to the second comment

It was a short $62182 to $61814.5 long switching strategy.

It ended up going downhill as the power ran out.