BTCUSD Bybit Chart Analysis October 6
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Only 30 Min chart ,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 6 th.
This is the movement after the analysis post on October 5th.
It ended up going right without any fuss.
Yesterday was a chase long strategy.
$ 49617.5 Long position entry only
Counting up to $ 2262 profit section
Those who made profits, those who held long positions
congratulations everyone
Break through the pink overshooting zone -> reached the sky blue resistance line
We will discuss the details together
4 hour chart
Today's approximate Top and Bottom prices are displayed.
It may look a little complicated because of the many lines,
but If you separate
*Purple parallel line / strong rising channel
*Orange Parallel Line / Falling Hanel
(This is a forcibly made downward section in the current situation)
* Green parallel line going up and down
Note the green support line.
Red up trend / light blue down trend move path check
I have created today's trading strategy
This is a 30 minute chart long position strategy.
Even today, it is a one-way strategy as always
The red arrow has also brought the possibility of a vertical rise.
As you can see,
if today it breaks the green support line , Strategy is a failure.
I have given you the approximate key times.
* When the red arrow moves
long position strategy
Those who are maintaining the existing long position, if they break the purple support line,
You can keep holding it on a stop-loss basis
If there is a vertical rise,
There is a high probability that a long entry will come out of the $ 52828.5 indicated in the arrow section.
It seems that the target area near the Top section I marked is likely to be the target.
The spot exchange is, of course, Bitcoin + major altcoins.
* When the light blue finger moves
Short -> Long or Long Position Strategy
Personally, in this place, the short is for switching.
If it is not a very short single hit, I would recommend that you only operate a long position.
$50190 Long position entry section / Stop loss when breaking the green support line
After that, there will be an additional long position entry at $50787.5.
I think it will come out again
When the final target reaches $53674
Short position entry section with short stop loss in the upper tail rebound
After that, it would be good to release the movement together tomorrow.
Today is the sky blue finger movement route
ETC Alt Circulation Pumping -> I think it will be about major switching in the evening.
As explained, stop loss when the green support line is broken
In case of departure, it is open up to the bottom section
My analysis is for reference only.
believe only in yourself
Principle trading / Stop loss is essential, I hope that you operate safely.
Thanks for reading.
