February 16 BTCUSD Bybit Chart Analysis
Updated
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for February 16.
Last comment on February 15th.
It's a move after that.
I marked the main sections with black fingers.
Yesterday afternoon, as the wave decreased
It ended with an extreme sideway move.
Doesn't come down to the long position entry
After the rising wave,
The pattern is breaking.
Because I did not come down to the long position I wanted
The strategy is to cancel.
Let's take a closer look at the details.
4 hour chart.
Today's approximate Top and Bottom prices are displayed.
The main issue is the 12-hour chart MACD Golden Cross.
How is it going?
around the purple support line
Check the red up/light blue down movement path
I made today's trading strategy.
This is a 30-minute chart one-way long position strategy.
As it is an important entry section, I tried to provide information as neutrally as possible without being shaken.
In the case of hitting the upper side first in the current wave
It seems that the direction is divided according to the intensity.
My strategy is for hitting hard.
This is a strategy for an upward rebound, and I think it would be good to focus on long positions.
If the purple support line breaks, the strategy will fail.
* When the red arrow moves
Short -> Long -> Short -> Long Switching Strategy
Beginners or those who operate a spot exchange, focus only on long positions.
I forgot at the top and couldn't mark the Top section, but it's $45,430.
1) $44130.5 long position entry section / Stop loss price when deviating from the purple support line
2) Top section $45,430 long position target and short position operation section
Personally, because of the sideways movement yesterday, only some long positions were taken.
After entering the rest of the long, we will try to correct the stop loss and proceed with the survival strategy.
If you hit the downside first while breaking away from the purple support line from your current position
Please note that it is open up to the bottom section.
(In the case of the green support line, it is moving downwards to the right)
In the spot exchange, the same applies to the long position entry section.
You can also operate it as a major altcoin.
Principle trading / Stop loss is essential, operate safely
thank you.
Trade closed: stop reached
HelloWe will check the movement after the final finish on February 16th.
This is the final comment.
Yesterday, I proceeded with the pattern I left in the analysis.
The title itself focused on the purple support line.
Because the 12 hour MACD Golden cross was in progress.
After correcting the purple support line, it was an upward-sloping strategy based on Stop Loss.
There were some divergences, but in the final up and down strategies,
It was a red arrow one-way strategy.
It's a move after that.
I marked the main sections with black fingers.
As a pattern, we focused on the 30-minute support + 1-hour center line.
The next pattern continued until the middle of 4 hours.
Violet support line additional bar breakage / main section or stop loss treatment
Final green support line / After rebounding from the 4-hour center line
It's a crossover finish.
Yesterday I did not weigh the 4 hour MACD deadcross.
It started as a sideways movement, then the wave grew
In the end, after an uptrend, it ended with a sideways guarantee.
Personally, I distributed gifts/in-kind two days ago.
I tried to win with a long-term investment, but there was a loss.
If it is possible to select up or down
I'm worried about making a mistake even though I'm in the right direction.
I want to be 100% good at trading and chart analysis
I think it's still a long way off.
At least I felt that I had to focus on just one analysis and do well haha
thank you.
*비트코인가이드 공식텔레그램 Telegram
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*빙엑스 BingX 50%DC+$5,000 (청산때,1회수수료)
bit.ly/3E8ZkAW
*바이비트 Bybit 20%DC+$5,020
bit.ly/3iBwXCd
*제로마켓 ZeroMarket ECN계좌 40%DC (해외선물,FX)
bit.ly/3pY0dUv
t.me/BTG_Group
*빙엑스 BingX 50%DC+$5,000 (청산때,1회수수료)
bit.ly/3E8ZkAW
*바이비트 Bybit 20%DC+$5,020
bit.ly/3iBwXCd
*제로마켓 ZeroMarket ECN계좌 40%DC (해외선물,FX)
bit.ly/3pY0dUv
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