October 28 Bitcoin Bybit chart analysis

Hello.

“Make it simple, make profit”
It’s BitcoinGuide.

Don’t forget to
“Follow” me and press “Likes”.

If you "follow" press,

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 October 28.

Bitcoin 4 hour chart.

Today's approximate Top and Bottom prices are displayed.

around the purple support line

red top / sky blue bottom
(Failure to break through the pink resistance line -> Bottom when falling vertically)


Following the Nasdaq movement, we created a Bitcoin strategy.

Bitcoin 30 minute chart.

It's a one-way neutral strategy.
To be precise, it is a long -> short -> long switching strategy.

Following the Nasdaq move
I think it would be good to skip the second short and operate only the third, 19699.6 dollars long position.

The Nasdaq has no red flags.
In case of departure from the current position, based on the 12-hour chart
It can be dangerous because it is a condition for a vertical decline.

Even in Bitcoin,
Because the pattern was broken while touching the center line for 6 hours
I decided to play on the green support line.

There is a very low probability that the Nasdaq may see a rebound.
When that happens, the beat can also be coupled and forced to rise to the Top.


In case of failure to touch the resistance wire for 30 minutes at the current location,
Please note that it cannot break through the pink resistance line and may be connected to the sky blue finger.

9:30 / 11 o'clock It's not a very important indicator announcement, but
I put a wave in the analysis.




* When the red arrow moves

Long -> Short -> Long Switching Strategy

1. 20102 dollar long position entry section / Stop loss when leaving the green support line

2. $20367 short position entry section / Stop loss when breaking the orange resistance line

3. 19699.5 long position switching / Stop loss when the green support line is broken


Personally, when a strong decline on the Nasdaq,
Because the downtrend may continue into next week and next month

There was no short position operation.

Check the 30-minute chart whether the resistance line is touched or not, and the Nasdaq movement
Short entry -> Pay attention to the blue finger bottom section.


If there is a drop to the bottom or additional departure from today to the weekend
I will take a break from analysis on Monday.

Personally, I think it would be very annoying.
Please forgive me

My analysis is for reference only.

In principle, trading / stop loss is essential, so please operate safely.


Have a good weekend.


thank you.

Trade closed: stop reached:

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

Following the purple parallel line I marked
The ignorant long came out.

It was a very embarrassing long like a plain short.

Top price -> successful rebound to red resistance line
After creating a gap section at the top, it is finished.

There is still no pattern and the atmosphere looks good.

Let's look at it as a whole.

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

After entering the 20102 long position for the first time
Orange Resistance Break -> After Breaking the Top
We have reached the pink resistance line we marked.

coupled with the Nasdaq
Ignoring the downtrend signal, the ignorance rebound came out.

The strategy is in short position switching,
Break the orange resistance line, so it's a stop loss

Those who entered while maintaining a long position
Because it succeeded in rebounding without breaking the green support line.
It is the maximum profit section of 986.5 dollars after entry.


Compare it to the Nasdaq.
See you in the analysis.


thank you