BTCUSD Bybit Chart Analysis October 8
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Only 30 Min chart ,
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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.
