November 22 BTCUSD Bybit Chart Analysis
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for November 22.
This is the movement after the analysis on November 19th.
Last week was a short position strategy.
To be precise, it was a long -> short switching strategy.
Those who are entering a long position / or operating a spot exchange
The goal was to keep up with the trend as much as possible by correcting Stop Loss.
I wish it was connected to Real Rebounds
The gap section is also on the lower side.
Was there a little bit of a rebound.
accurately indicated Touch the Top price
It is being adjusted, and pink gap section touch.
The main content was turning into cash at the final top highs indicated.
After that, we decided to solve the movement together in the analysis.
From the long position entry section at the end of the cliff at $56155.5 on the lower left
It rebounded upward without breaking the orange support line.
Achieved up to $2031 profit section
In the middle of the red resistance line section, in the short position switching section
Since it broke the resistance, the strategy is marked as a failure.
In the state of not being able to break through the phonology based on the 4 hour chart
This is the order in which the MACD deadcross will proceed.
4 hour chart
while writing analysis
It is a rebound after touching the gap section that was accurately marked.
Today, consider the purple support line as a lifeline.
Approximate Top Price / Bottom Price Check
red top / sky blue bottom
I made today's trading strategy.
30 minute chart short position strategy
From a chart analyst point of view
It's better to take a break from writing analysis at a place like this.
It's a one-way strategy.
maybe , I think too It seems to me that I am not sane.
Among the many junctions and possibilities,
I thought it was the closest strategy.
Because the one-way strategy significantly reduces the chances
Maintaining a long position just in case
Note to those who operate spot exchanges
The current weekend gap difference retracement has been completed,
If it doesn't break the purple support line
When rebounding to the right, arrow movement path short -> long switching section
I have one accident insurance left.
When the light blue finger moves
Long -> Short -> Long -> Short Switching Strategy
For those who are not in a position, it seems advantageous to operate from a short position for the first time.
In the mean time, I checked the price.
Today, it is a strategy focusing on a downward trend rather than a plunge.
1) 57429.5 long position entry section / Stop-loss price when departing from the orange support line
2) $58235 short position entry section / Stop loss when the green resistance line is broken
(If the green resistance line is breached, a lateral guarantee may come out.)
3) $54803 long position switching section / Stop loss when breaking the sky blue support line
4) 57449 final target and short position switching section / Stop loss when breaking through the green resistance line
Subsequent movements depend on whether the green resistance line is broken or not.
I think it's better to do it again after tomorrow.
As you can see, analysis in this kind of place doesn't make sense, so in each position
Please note only the main support and resistance lines and movements
For those who are entering the spot exchange and long positions, there is no answer if the purple support line is broken today.
Principle trading / Stop loss is essential, operate safely
As I explained last week, starting today, I will finish without additional comments.
thank you
