October 31 Bitcoin Bybit chart analysis

Updated
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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 31.


snapshot


Bitcoin 4 hour chart

Gap reversion was successful in the afternoon.
Touching the 3-hour support line / Touching the 1-hour resistance line, moving sideways from the downtrend


Today's approximate Top and Bottom prices are displayed.

Check the red upward / sky blue downward movement path centered on the purple support line


By substituting it with Nasdaq, we created a trading strategy.


snapshot


Bitcoin 30 Minute Chart
Arrow movement path One-way long position strategy.

I focused on the long position.
Even in small waves, we focused only on long positions.

Since the range is not large, you can think of it as a stop loss on the green support line.

Keep an eye on the Nasdaq movement.


* When the red arrow moves

Long -> Short -> Long Switching Strategy

1. 20,750 dollar chase / Stop loss when breaking the green support line

Ignoring small wave shorts, from the return of $20745 to maintaining a long position or entering a long position
The final target is $21339.5.

Bit has a downtrend
When viewed as a signal or Nasdaq flow
The strategy was carried out with a long, ignorant long.

My analysis is for reference only.

Principle trading / Stop loss is essential, I hope that you operate safely.


thank you.




Trade closed: stop reached
snapshot

This is the movement after writing the Nasdaq analysis article.
I marked the main sections with black fingers.

Light blue finger movement path -> Finish the right-down sideways movement

The adjustment was completed without any major fluctuations.
What type of movement will come out for Gap return at the top?
Please pay attention.

snapshot

This is the movement after writing the Bitcoin analysis article.
I marked the main sections with black fingers.

Pink support line -> purple support line -> break out to green support line
Currently, it is moving sideways near the green support line.

After the correction followed the Nasdaq, it ended in a downward trend.

The strategy is stop loss.

In the case of Bitcoin, yesterday's Panners had a downtrend,
Because the downtrend is connected
It fell stronger than the Nasdaq.

Let's take a look at the overall comparison with the Nasdaq.


thank you
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