Bitcoin bybit chart analysis October 27
Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
It is a one-way neutral strategy.
There is a Nasdaq indicator announcement at 9:30 tonight.
Overall, I bet on a sideways market.
Instead, there may be many variables today.
Please check the analysis carefully.
*Red arrow movement path
It is a two-way neutral strategy.
Long -> Short -> Long switching strategy
1. $34135.5 long position entry zone / stop loss when breaking out of the green support line
2. $34556.5 long position 1st target -> Top section 2nd target
Depending on real-time movement,
Short at the orange resistance line / Stop loss when the orange resistance line is broken
When reaching the top section, go long at the purple support line.
After breaking through the red resistance line,
When an upward trend is connected
In the Whipsaw section and OldGap2 at the top until dawn.
Be careful because a strong plunge may occur. (Whipsaw)
3. Long position switching at $33,931 / Stop loss when the green support line is broken
The current position is a section where the 5-minute trend reversal was successful.
If you adjust right away, pay attention to the light blue finger movement.
Although it is two-way
I focused on the red finger movement path.
The results will also be processed according to the red finger.
Please note that my analysis is merely for reference.
I hope you operate safely with principled trading/stop loss required.
Thank you for your hard work this week.
thank you