Bitcoin Bybit chart analysis October 16Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
There is no Nasdaq indicator today,
but it seems difficult to see a trend.
*Red finger
One-way long position strategy.
1. $67,401 long position entry point / cut-off price when the green support line breaks
2. $69,812 long position 1st target -> Great, Miracle 2nd target
It is unlikely, but if it rises strongly from the current position,
the Great section
The purple finger position can be the best short position sweep section.
The 1st section marked below
is a strong rising condition,
and since it is an upward sideways market from the bottom (a place where the short-term pattern breaks),
the final match can be decided in the 2nd section.
On the other hand, the 2nd section will be a very important support line, right?
It seems that the direction will be revealed depending on the movement of Nasdaq today and tomorrow.
Depending on the situation, it seems that it can rise again to around 100 million this week.
Please use my analysis article as a reference only,
and I hope that you operate safely with principle trading and stop loss prices.
Thank you.
