Bitcoin Bybit chart analysis November 21Hello
It's a Bitcoinguide.
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Here is the Bitcoin 30-minute chart.
Shortly later at 10:30 and 12:00, the Nasdaq indicators will be released.
The Tether Dominance chart has been ruined due to the steep rise of Bitcoin.
There is no proper resistance line other than the orange resistance line at the current location,
and it is not easy to draw a support line or see how far it will rise.
*In the current location,
there are two movements that need to occur for Bitcoin to adjust.
After breaking through the all-time high, a double top or sweep
Slowly falling from the current location
On the contrary, Bitcoin absorption method that does not give an entry point and rises may occur.
It is difficult even though it is on the rise, right?
The strategy was carried out with the purple finger at the bottom left
20-day long position entry section 93,353 dollars long position maintenance condition
.
*When the red finger moves,
it is a one-way long position strategy.
1. 97217 long position entry section / stop loss price when the sky blue support line is broken
2. Top section 1st target -> Good, Great next target price.
The entry position seems to change before and after the touch of the purple finger 1st section indicated at the top.
You can see that 1->2 is connected,
and if there is no touch 1,
it normally becomes the long position waiting section from 97.2K.
First, it would be convenient to watch if it touches section 1.
The long position entry position can be pushed up to section 3,
but since the upward trend is strong,
the rebound can continue even if only the sky blue support line in section 3 is maintained.
If the strategy is successful while touching the top,
the returning section 1 becomes the long position re-entry operating section.
Up to this point, I ask that you simply use my analysis for reference and use only. I hope that you will operate safely with the principle of trading and stop loss. Thank you.
