Bitcoin bybit chart analysis October 19Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart
There is an indicator announcement tonight at 9:30 -> 11:00 -> 1:00.
Please check.
The MACD deadcross on the 6-hour chart is pressing.
When compared to the movements of Nasdaq,
Because it creates conditions for a strong rise.
I ignored it.
Red finger at the bottom $28255.5
Including those who maintained long positions yesterday
I think there are some people without positions.
We conducted a chase purchase at the current location.
*Purple finger movement path
Long position strategy
1. Long chasing $28406 / stop loss when breaking out of the green support line
2. $29,516 long position primary target -> Good secondary target
Pink resistance line: $28703
This is the resistance line on the 3-hour chart.
How to ignore the 6-hour MACD deadcross
Pink resistance line -> Must break through the orange resistance line
It can rise strongly.
If the green support line breaks away, it breaks the center line of the 4-hour chart.
It's dangerous
Please note that my analysis is merely for reference.
Don't forget to follow principle trading and stop loss.
I hope you operate safely in both long and short positions.
I have something to do tomorrow
I'll be back next Monday
thank you