December 1 BTCUSD Bybit Chart Analysis

Updated



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I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 1.




snapshot




This is the movement after the analysis on November 30th.


Yesterday ended up going right
As indicated by the black finger section

Breaking the orange resistance line without breaking the purple support line
successful in rebound

After failing to break through the red resistance line,
It is breaking out of the purple support line.

Usually on the last day of every month,
In case of extreme sideways move There are many.

The transaction is cancelled.



Let's focus a little more from today.
point of view remains the same


*Week Candle Chart MACD Dead Cross
*Closing price gap in the futures market

Both conditions are maintained for about a week.
If it rises above the resistance level, it will take a stop loss and keep it short position wouldn't it?


Even if you continue to short position first.
I'll look into the details in the analysis article to see if it's okay.



snapshot




4 hour chart

As you can see, MACD deadcross
It seems to matter how it proceeds.


Today's approximate Top and Bottom prices are displayed.

Because the pattern is still alive.
There is a up-ward sideway move possibility of crossing over.

Today, support within the green support line is another consolidation.
I think you should do a short wait at the high point.

The red support line is important.
First of all, the first goal is the Gap section.
It is important to check whether this section is touched or not

If it is downward-right in normal movement, it is within the light blue support line.
Closing after a strong rebound


Although unlikely, from the present
If there is a vertical drop, the bottom price or
It could fall to the blue and white support level.


Red up / light blue down movement path check


At the same junction as above, recklessly today

I made a one-way strategy ...



snapshot




This is a 30-minute chart one-way short position strategy.

It is still in the form of support from the bottom
As the uptrend pattern is slightly reduced,
the main center line has been reached,
Because the 4-hour chart MACD dead cross is pressing
focused on this

However, yesterday I also touched the 4-hour resistance level.
Since the support line is still strong, the possibility of a sideways movement is high. be careful


There are two types of sideways

*green support line
* Red support line + until reaching the gap section

In the case of green, it is probably ignoring the 4-hour chart MACD dead cross and rebounding.
In the case of the red support line, I think there will be no movement before and after the engraving.


For today's strategy to be successful

Basically, it does not break the orange resistance line.
The trend should die. Even if it breaks into a strange shape
sideways suspicion.

Also, even if there is a strong rebound from the green support line today,
Because it is a strong adjustment condition
I think it would be good to run a short position confidently at the high point at the top.


The red arrow is literally today's insurance.




* When the light blue finger moves

Short -> Long -> Short -> Long -> Short Switching Strategy


As indicated, starting with a short

One more step than the previous one.


1) 57283.5 USD short position entry section / Stop loss when breaking through the blue wave resistance line

(I think it is difficult to break the orange resistance line in the current wave)
There may be tricks, so it would be better to take the first shot with Jin Pa-Rang or personal ability)


2) $55457.5 long switching / Stop loss when the orange support line is broken

(Check whether the gap section returns or not, beginners in the next section
Wait for additional shorts, touch the gap section and strongly break through the orange resistance line to ensure the right-of-way)


3) $56287.5 short position entry section / Stop loss when the orange resistance line is broken

(There is a possibility that the entrance price may not be reached, so I grabbed it a little tight)


4) $53311 long position switching section / Stop loss when breaking the sky blue support line

(Utilize the 1st long position target $57262 tracking stop loss -> up to $57536.5
After a short short, it will start again tomorrow)


It's too complicated to explain in writing.


Please refer to the whole

Principle trading / Stop loss required






thank you



Trade active
snapshot
Trade closed: target reached
snapshot


* $56950 long position entry section / $1903.5 profit
* $58812.5 short position entry section / $1051.5 profit

It broke the final purple support and reached the green support.
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