(Spicy) Bitcoin Bybit chart analysis january 8Hello
It's a Bitcoinguide.
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This is the NASDAQ 30-minute chart.
This is the movement after the analysis article was written.
During the blue finger short->long switching strategy,
it did not rise to the short entry point,
but reached the green support line in the 2nd section in the 1st vertical decline section.
After that, as I explained,
watch the movement from the bottom to the 3rd section.
This is the daily chart of Tether Dominance.
If it is normal,
It is impossible to break through the Bollinger Band resistance line, center line, and support line at once with one candle
But since it is forcibly coupled to the Nasdaq movement,
Please watch the detailed movement.
If it is normal,
Since only one daily candle is created per day,
Until 9 AM tomorrow,
Since Tether Dominance is attempting to break through the center line with one daily chart candle,
There should be an adjustment at the current location or the next wave.
Because,
As explained above,
In the case of ignoring the Bollinger Band center line with one daily chart candle,
and reaching the resistance line at once,
It is a movement that occurs only once or twice a year.
This is the Bitcoin 30-minute chart.
During the analysis, the Nasdaq vertical decline is in progress,
and it is breaking the major drawing section in real time,
so we will proceed without changing the strategy.
Currently, the daily chart MACD dead cross is in progress for 12 hours,
and unlike Nasdaq, there is still some room until the weekly chart MACD dead cross.
Instead, Bitcoin created a daily chart today,
and touched the support line first, so the downside is open,
so it can fall strongly if it breaks away.
The Nasdaq indicator will be announced at 10:30 in a little while.
*When the blue finger moves,
it is a short position strategy
short->long->short switching strategy.
1. $96,446 short position entry section / stop loss price when red resistance line is broken
2. $94,410.5 long position switching / stop loss price when green support line is broken or section 2 is touched
3. $96,935 short position switching / stop loss price when light blue resistance line is broken
After that, while maintaining short position,
the final long switching strategy was to check MACD main signals and support lines.
As you can see, it is being adjusted without the most basic short position entry point due to forced coupling with Nasdaq.
In order for a vertical decline to occur,
at least section 1 at the top -> 15-minute resistance that has not been touched even once today + 30-minute central line
should be touched, but it is just falling.
The reason why section 1 and section 2 at the bottom are marked
is because of the connection.
If there is a miraculous rebound from the current position,
The blue finger movement path is valid.
Since it is falling without touching the first section from the current position,
the second section may be dangerous,
and the bottom is where the Bollinger Band 12-hour chart support line + daily support line meet,
and the point indicated up to 91.4K is the mid-term upward trend line.
If you can somehow hold this point,
you can take a breather from the long position.
If the MACD dead cross pressure on the weekly chart progresses,
it may continue to shake up and down or repeat adjustments for several weeks rather than rebounding.
Please use my analysis so far for reference and use only,
and I hope you operate safely with principle trading and stop loss prices.
Thank you.
