(Lunar New Year Special) Bitcoin Bybit chart analysis january 24Hello
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Bitcoin 4-hour chart
This is the main drawing section.
It seems to have taken about 2 and a half hours just to draw it.
The section where the flag is marked is the section where the daily chart is created,
and the last flag is January 31st, when the holiday ends.
This week, there has been absurd and bizarre repetition of
unasked rises and unasked falls.
The reason is that after the report was updated,
as I explained in detail in the last video,
it is right before the bitcoin price skyrockets.
Based on the Bollinger Band weekly chart, it is important to see whether the resistance line is touched first
(a major rise)
and whether the MACD dead cross on the weekly chart
will occur first,
and adjustments and sideways movements will occur.
Based on that, if you look at the high and low points on the right,
I have indicated the prices.
At the very top, 117,182 dollars touches the weekly chart resistance line,
moving towards a mid-term upward trend
If 99,703 dollars at the bottom is broken first,
it will be the place where the weekly candle low is broken.
It would be bad if the two light-colored sky-blue support lines I drew were broken.
Because it is the place where the sideways movement and support line are broken,
I calculated the main section, so
I think it would be good to refer to it.
This is a 30-minute chart of Tether Dominance moving in the opposite direction of the beat.
Today, in terms of the pattern,
it touched the 5-minute and 15-minute resistance lines,
and the 30-minute chart resistance line section order.
I carried out a short position strategy in the sky blue finger section/strong downward section.
In the case of Tether Dominance,
the 6-hour chart and 12-hour chart MACD dead cross are currently in progress.
I applied it to Bitcoin as is.
Here is the Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 12 o'clock tonight.
The Nasdaq is in the process of a 6-hour MACD dead cross,
and I judged that this section is not very dangerous.
The short-term pattern is still alive,
and the MACD golden cross is imprinted on the weekly chart,
and even if there is a strong adjustment in Nasdaq,
since the 1+4 rising pattern is waiting,
I focused on the rise and proceeded with the strategy.
*One-way long position strategy when the red finger moves
1. $104,740 long position entry section / stop loss price when the green support line is broken
2. $109,231.5 long position 1st target -> target price in order from the top
Based on the Tether dominance movement and the Bitcoin pattern,
I focused on the rebound from the 30+1 pattern.
Up to the first section, it is a sideways movement, and from the top section, it is a new record, and if it reaches this point, it will continue to rise significantly.
In preparation for a strong adjustment in Nasdaq,
I maintained the stop loss price for the 30-minute support + 1-hour support of the second section, which is marked as the final long position waiting section.
If it touches the bottom section today,
It is not good because the daily chart low is broken.
If it falls to 101.4K at the very bottom,
Pay attention to the 6+12 pattern that was not recovered yesterday.
Basically, if it comes down to this section,
It is not good because the center line of the 12-hour Bollinger Band chart has been touched several times,
and the support line of the 6-hour chart is also open.
Please refer to the final support line explained at the mid-term point at the top.
Today, I explained it in detail for the first time in a while,
and I did my best to analyze a week's worth,
I hope it was helpful for your actual trading.
Up to this point, I ask that you simply use my analysis for reference and use only
and I hope that you operate safely with principle trading and stop loss prices.
Since it's a long holiday,
don't just look at the charts,
and I hope all my followers have a good time with their families next week on Lunar New Year.
Happy New Year.
Thank you always.
