November 23 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
It is a one-way long position strategy.
There is no Nasdaq index release today.
The 12-hour chart MACD golden cross is in progress.
*Red finger movement path
Long position strategy
1. $37,120 long position entry zone / stop loss when breaking out of the green support line
2. $38485.5 long position 1st target -> Great section 2nd target
The important part here is,
Top section 38485.5 dollars
This is the position that touches the Bollinger Band resistance line on the monthly chart.
If the upper tail is left up to the Great section,
I think it would be a good idea to place a stop loss at the entry price and operate a short position.
The fluctuation range is not large
I deliberately set a generous stop loss.
If it breaks out of the purple support line, there may be a strong downward push, so be careful.
After checking the tether dominance movement,
In case of downward slope, up to the light blue support line indicated at the bottom ($36393.5)
Please note that it may be delayed.
Please keep in mind that my analysis up to this point is merely for reference.
I hope you operate safely with principled trading/stop loss required.
thank you
