BitCoinGuide

November 8 Bitcoin Bybit chart analysis

Long
BitCoinGuide Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract

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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for November 8.



This is the Nasdaq 30-minute chart.
I think the Nasdaq move will be important today,
Share your analysis.

Nasdaq 30-minute chart analysis.


30 + 1 pattern in progress so far
The pattern is not broken and there is a rebound.

Proceed to 1 hour MACD deadcross / strong ascent condition
In particular, there is no announcement of a risk signal resistance line indicator.


*Bollinger Band 12-hour center / Long position target to the touch of the daily center line

If you continue to push with force,
Because the phonology is thin on the 12-hour chart Ichimoku Equilibrium
You can climb to the top section.

Depending on the situation, the 12-hour chart -> Daily chart MACD Golden Cross
Please note that it may be connected.


*If the rebound fails, the red resistance line becomes the target price.


When adjustments and declines occur at the current position

* Light blue finger section at the bottom / light blue support line when breaking
It may be related to the end of the season.


The red resistance line/purple support line could lead to a polar sideways movement.

Please note


It has been substituted for Bitcoin.





Bitcoin 30 minute chart.

It is a one-way long position strategy.
Downtrend and sideways were ignored.

Today's topic is Miracle Miracle.
I bet on the 1% condition that a miracle can happen.


Arrow movement path one-way long position strategy

Ignoring the chart due to Nasdaq coupling and variables, see the part where additional lows may be broken (Bottom light blue finger section)
Because the daily chart MACD dead cross is pressing all day
A rebound can be tricky.

Any strategy that breaks below the purple support level today is considered a failure.




* When the red arrow moves

long position strategy

1. 19766.5-dollar chase / Stop loss when the purple support line is broken

Depending on the situation, near the orange resistance line (1st target) -> Green resistance line (2nd target)
The ultimate goal is to reach the Gap retracement price depending on the Nasdaq conditions or the size of the rebound.

Even if it breaks out of the bright sky blue support line

It's good if you go up strong.


12 + Daily pattern in progress, one candle in Bollinger Bands ignoring resistance / support / center line
Because it is almost impossible to break it all at once,

Based on the Bitcoin chart, the current bottom cannot be broken.

Because Nasdaq is a variable

Keep it open up to the bottom, and if you reach the bottom early
It is a V-shaped rebound condition, but

After a clumsy rebound following the Nasdaq movement from the current position
If you break the support and lows slowly at dawn

It may continue to fall after tomorrow, so be careful.


With today's decline, the gap between the Nasdaq and the Nasdaq of last week
I followed the same path as the Nasdaq. (Bit and Nasdaq are both below the center line of the daily Bollinger Bands chart)


Currently, the Nasdaq movement is that important, so please focus on it.


My analysis is for reference only.


We hope that you operate safely as a principle of trading / stop loss is essential.


thank you.




Trade closed: stop reached:

This is the movement after writing the Nasdaq analysis article.
I marked the main sections with black fingers.

The wave came out in a different beat

10987.6 long -> 11168 short
Sideways close within the purple support/red resistance line

The 12-hour MACD Golden Cross did not proceed.

As a result, when the sky blue support line deviates from
It was the end of the season, but it ended safely within the purple support line.

The important part is at 1:30 in the morning.
That was part of the downtrend.

Please remember this part.



This is the movement after writing the Bitcoin analysis article.
I marked the main sections with black fingers.

From the first 19766.5 long to $20675
The rebound was good

At 1:30 in the morning, a sudden downtrend was made.
It went down to $16800.

Since the purple support line is broken, the strategy is Stop Loss.

Entry price, target price, stop loss price, up to switching

I checked the main sections,
I think you did well in long and short positions.





* There are people here who say that they hit the jackpot with shorts.
To be precise, it rebounded from 19K to $20,675.
Close most of the shorts
It was a movement that kills both sides of the long position as well.

*There are people who are trying to get rid of bad news such as FTT.
Did I explain earlier that you should check the Nasdaq 1:30 movement?
At the same time, Nasdaq, Crude Oil, Gold, Bitcoin, etc.
If you go to the world's major shipping lines or indices,
The world is not shaken by the bad news of Bitcoin.
You can check.


Yesterday I explained most of the contents.
To summarize further,

On the daily chart, one candle from the center line to the support line
There was movement.

In this case, it is a rare move.

If you go to the daily -> weekly chart
There was a touch up to the ballvan support line.

On the weekly chart, which is more influential than the daily
When I press hard, the daily chart is ignored.
(This is the part I explained yesterday, and it's a really rare move)

Because there were no important indicators announced yesterday.
Due to the strong influence, stock markets around the world were shaken in an instant.

We hope that our followers did well without any major damage.
As you can see, stop loss is a must at all times.

Please follow the trading principle.


Let's look at it as a whole.


thank you

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