December 18 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
There is no Nasdaq index release today.
Bitcoin touched 40715 dollars, which I checked in the morning.
It's moving sideways
If you push it just a little bit to the bottom, it can be pushed a lot.
There was no 5-minute trend reversal.
Anyone who sees a slump is in a short position.
I have a long and short two-way strategy.
Because today is a dangerous day
Please read carefully.
*Sky blue finger movement path
Long->Short->Long switching strategy
1. $40,806 long position entry zone / stop loss when breaking out of the green support line
2. Long position target of $41701.5
-> Short position switching / stop loss when breaking the red resistance line
3. Long position switching at $40856 / Stop loss when the green support line is broken
In case of Bitcoin
There has not yet been a 5-minute trend reversal.
Please check.
Section 1 marked at the top is the short position operation section.
Because there is no room to eat short.
There must be a minimum section.
That section is section 1, and if you fail to break through,
indicated at the bottom
It may fall to the light blue support line of $39824.5 or the bottom.
Conversely, although the possibility is low, there is even a gap section at the top.
You can upload it all at once, so be careful.
If the strategy is successful, it will appear near the central line of the daily chart.
Because it is established, a plunge can be avoided.
Check real-time Nasdaq movements
Brave people can pick up altcoins.
In general, places that seem likely to plummet often bottom out.
Increasing the number of Bitcoins in the water market rather than the fire market is also possible.
That's a good idea.
So far today, the chances are very low.
Please note that my analysis is merely for reference.
I hope you operate safely with principled trading and stop loss required.
thank you
