October 24 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
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Here is the Bitcoin 30-minute chart.
There is a Nasdaq index announcement at 9:30 and 11:00.
As I left in the comment on the analysis article on the 23rd a little while ago,
From yesterday's long->short->long switching position,
I moved the purple finger long position to $66,775.
Due to the Bollinger Band 12-hour chart support line touching alone,
(12+ not a daily pattern. The mid-term pattern is broken)
The daily chart MACD dead cross is holding it down.
Because there are many parts that are not good for an immediate upward trend,
There are too many branching points at the current position,
I thought about it a lot.
The result is the same strategy as yesterday.
I deleted all the ambiguous positions in the middle.
*When the blue finger moves
Bidirectional neutral
Short->Long->Short switching strategy
1. 67691.5 dollars short position entry section / Pink resistance line breakout or Top section touch stop loss price
2. 66835.5 dollars long position switching / Purple support line breakout
Or Bottom section touch stop loss price
3. 68498 dollars short position switching / Orange resistance line breakout stop loss price
Or Good section touch stop loss price
(Because there is an ambiguous support resistance price in the middle
The stop loss price goes clearly into two cases.)
If the strategy is ultimately successful,
I will aim for the long position switching position after tomorrow.
And currently, the MACD dead cross imprint on the daily chart is important. 1) Daily chart resistance line touch -> Ignore dead cross
2) Sideways dead cross imprint possibility
3) Downward and adjusted dead cross 100% imprint)
Even if it ends sideways today
If there is a rebound tomorrow, the daily chart MACD dead cross
It seems like it will be harassing until tomorrow
The most important part is
Ignoring the *pattern and Nasdaq's ignorant coupling
Or a normal mid-term pattern recovery (6+12 retouch or 12+ daily chart).
In my experience, since there were many couplings after the unique pattern of the beat was recovered
I think it will shake a lot today and tomorrow
So, each position should cut losses and fasten their seat belts.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you will operate safely with the 6 principles of trading and the cut-off price.
Thank you for participating and reading today.
