Bitcoin Bybit chart analysis October 10Hello
It's a Bitcoinguide.
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Here is the Bitcoin 30-minute chart.
The CPI indicator will be released at 9:30 in a little while.
There are risk factors in Nasdaq,
but there is a high possibility of sideways movement.
I created today's strategy based on the part that says Bitcoin gains freedom.
There are some tricky parts in the middle, so please read carefully.
*When the red finger moves,
One-way long position strategy
1. 60,895.5 dollars long position entry section /
When the purple support line is completely broken or the 2nd section is touched, the stop loss price
2. 62,256 dollars long position 1st target / Top section 2nd target
I marked the purple finger 61.3K at the top,
and if you touch this section,
the probability of the strategy succeeding increases when the wave increases at the time of the CPI.
From the 1st section of the orange resistance line above, it is connected to an upward trend,
so please note that it may not come down to the entry point.
From the 2nd section at the bottom, it is a right-side uptrend
Roughly, look at the orange resistance line 1st section / green support line 2nd section sideways section
and raise the bottom section upward
and pay attention to the shape of the Bollinger band support line in the 12-hour chart candle that is created after a while.
If the strategy is successful overall,
you can use the additional long position re-entry section at the 61.6K section where the daily candle is created
in the adjustment from the 62.2K 1st target.
Be careful because there are also Nasdaq variables up to this point
and I hope you operate safely with the principle trading and stop loss price as essential
Thank you.
