january 16 Bitcoin Bybit chart analysis

Updated
Hello
It's a Bitcoinguide.

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If my analysis is helpful,
Please would like one booster button at the bottom.


snapshot


This is the Bitcoin 30-minute chart.

Nasdaq indicators will be announced at 10:30 in a little while.

In the 3-hour chart, where there is MACD dead cross pressure,
Nasdaq has a possibility of a vertical rise in real time,
and Tether Dominance has a possibility of a vertical fall from the current position.

As you can see from this week,
it just opened its mouth and went up to about $11,000, right?
Looking at the candle shape and cost-effectiveness,
I could miss the entry point, so I set a short stop loss and operated aggressively.

*Red finger movement path
One-way long position strategy

1. Pursuit purchase at $98,982 / When the purple support line is completely broken
Or when the 2nd section is touched, stop loss price

2. Top section 101,883.5 dollars 1st target -> Good 2nd target price

Since it is touching the expected support line first today, I am going to see the outcome.

The purple finger 99.7K at the top is the best short position entry point for today.

Since the 2nd section is the center line touching section of the 2-hour Bollinger Band chart
The short-term pattern can be broken,
It is best to raise it from the purple support line if possible
From the perspective of a long position.

The convergence section of the 1st and 2nd sections is a sideways market
The 3rd section is the 1+4 major support line.

Up to this point, I ask that you simply use my analysis for reference and use only.

I hope that you operate safely with the principle of trading and cut-off price.

Thank you.
Trade closed: stop reached
Hello
This is Bitcoin Guide.

I will check the movement after writing the analysis on January 16th.

snapshot

This is the Nasdaq 30-minute chart.
I marked the main sections with black fingers.

In the red finger long position strategy,
After entering the 21.2K long position at the bottom, it ended with a strong decline to the bottom blue support line.

On the left, 1 and 2 were the expected paths for short-term patterns.

If you look closely,

At the time of leaving the analysis, the 5+15 pattern was maintained without touching the 1st section,
and there was a possibility of a vertical rise in the 2nd section or the next pattern, 15+30.

However, at 11:30 PM, a long negative candlestick appeared in the 2nd section at the top,
and eventually strongly broke away from the green support line.
It seems important to see what kind of movement will occur in the risk zone.

snapshot

This is a 30-minute Bitcoin chart.
The main sections are marked with black fingers.

In the red finger long position strategy,
after entering the long position at the red finger 98,982 dollars at the bottom,
the purple support line was strongly damaged.

It was briefly cut off while touching the 2nd section.

After that, it did not go down to the 3rd section,
but followed the purple support line and reached the 1st->Top section target price at the top.

Yesterday, after entering a 98.9K long position,

while maintaining the position well,

the 3-hour chart MACD dead cross, which was a danger signal at 12 midnight, was in front of me.

After holding on well,

at 11:30, coupled with the Nasdaq decline (long negative candle),

it fell strongly to the 2nd section,

and after finishing the sideways movement of the 1st section at the top,

it returned to normal movement this morning and touched the top section.

If the Nasdaq had only moved sideways without falling yesterday,

it would have easily gone up to Good, but it's a little disappointing.

You may think it was too tight because the stop loss price was when the purple support line was broken or the 2nd section was touched,

but it could have fallen strongly as the 4-hour chart MACD dead cross was connected from the 2nd section,
so for the safety of the followers,

I think yesterday's strategy was right.

The best would be to cut your losses in the 2nd section, and then re-enter the long position using the 5-minute trend change.

There are actually many people who are good at operating in real time.

Also, since the participation rate is low today, I will finish with a review article without analysis.

Thank you for your hard work this week.

Have a nice weekend.

Thank you.
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