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USDCHF FX Chart Analysis for January 2nd Hello. It’s BitCoinGuide. Due to time difference, there were few which were closed till now. So it took me for sometime to write the analysis. Please don’t forget to “Follow” me and press “Likes”. I will begin ZeroMarket USDCHF Chart Analysis for January 2nd. This is USDCAD 30m candle chart for December 31st It was short position strategy. The price drastically fell at the long position entry point and blue finger pointer. The price also went down at the red finger pointer above. It was about $800 profit based on one contract. Congratulations. This is USDHCF 30m candle chart. For a long term, it is short position trading strategy. As you can see, there are 30m / 4H parallel resistance line above, and weekly/daily/4H candle chart’s parallel supporting line at the bottom. For today, we could see rebound at this point. But for a mid and long term, the downtrend is very strong. If the price does not go above “smile face” line or 2 parallel lines, Wait for the trend to lose power and enter short position. Also, you may check EURUSD and GBPUSD which move the opposite direction. Today the price might slowly go uptrend. So keep in mind. Hope you have a good day. I will come back to you tomorrow. Thank you. (Translation Jae Ho Shin)
Short
by BitCoinGuide
January 2nd BTCUSD Bybit Chart Analysis Hello. It’s BitcoinGuide. Happy New Year. Please don’t forget to “Follow” me and press “Likes”. I will begin BTCUSD Bybit Chart Analysis for January 2nd. For those who participated live on Tuesday might remember. So I will be brief. If you replay the view, it moved along with route B. We entered long position on $7,200 right at the red finger pointer. It left tail on route B(Can be an evidence for short position). Then it fell about $200. Lastly, it ended up drifting sideways. It was long -> short strategy along with route B. Congratulations for those who made profits. If you do the trading at the right position with a plan, You can make short position profit on uptrend, and long position profit on downtrend. Please remember. This is monthly candle chart. BTCUSD Bybit chart lacks history. So I brought XBTUSD BitMEX chart. New monthly candle is created a bit above the middle line. Based on daily candle chart’s parallel line, We need to breakout 1st trend line and 2nd resistance line in order for uptrend. I’ve indicated the major sections so please refer to them. I’ve mentioned about these sections several times, and I brought a strategy based on these. Today’s strategy. While writing, a trend came out. So, I only brought downtrend route B strategy. It is short position strategy. But you have to well recognize the major positions. 1. Please refer to route B. (Even though a rebound comes out, if it does not make it to the “smile face” line, the wave should be seen based on route B considering the whole price trend) Please check the first long position entry timing with price point. (The downtrend is strong, so operate long position shortly with tight stop-loss) 2. Please check short position entry point / Carefully watch whether the price goes above the green parallel resistance line with an additional candle If it does, do not enter short position and wait for the last entry point. After, if it does not make it to the smile face line, please refer to blue finger pointer with each timing * Please refer to each parallel supporting and resistance line and price reaction at these points * If the price goes down below green parallel supporting line, it could fall $6,800 * Please check bonus finger pointers This is it. Please keep in mind that the chart might end up drifting sideways. Make sure you put stop-loss and do your trading. Hope you have a good day. I will come back to you with FX / Overseas chart analysis in the afternoon. Thank you. (Translation Jae Ho Shin)
BYBIT:BTCUSD.PShort
by BitCoinGuide