October 16 Bitcoin Bybit chart analysis Long
BTCUSD Perpetual ContractBybit
Description
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Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
It is a one-way long position strategy.
There is no Nasdaq indicator announcement today,
Even if it falls to the bottom, there is a chance of some degree of rebound.
In case of beat,
This is a place where you can connect from the 12-hour chart MACD Golden Cross to the daily chart.
While operating passively last week,
I missed the entry point today, but I tried to proceed a little aggressively.
*Red finger movement path
Long position strategy
1. $27696 long position entry zone / stop loss when breaking out of the green support line
2. $28456.5 Long position primary target -> Good section secondary target
You can try to take a short position, but
After breaking the red resistance line, there is a possibility that it will continue to rise thereafter.
We recommend modifying the stop loss.
Please note that my analysis up to this point is merely for reference.
6 principles of trading / Please operate safely with stop loss required.
thank you
Trade closed: target reached
⋅ Hello
it'a a Bitcoin guide.
I will check the movement after writing the analysis on October 16th.
This is the Nasdaq 30-minute chart.
Major sections are marked with black fingers.
Sky Blue Finger 14919.1 It was a long waiting strategy.
It ended after a rebound without breaking away from the purple support line.
I reached the marked 15150.5 section.
We reached the center line of the 4-hour chart exactly.
After the bottom gap retracement yesterday
Today we are in the midst of further rise and fall.
I'll look at it overall.
Bitcoin 30-minute chart
Major sections are marked with black fingers.
After touching the red finger $27,696 long position entry zone
After Top -> Good section
Checking how far it has risen
At the pink resistance line at the top
There was a strong rebound up to the indicated $20623.
There was a strong overshoot of close to $3,000.
It was a strategy operated by adjusting the stop loss.
I don't know if everyone did a good job.
The strategy is to take advantage of it.
After that, it is slowly moving sideways to the right.
A gap of $26,972.5 awaits at the bottom.
Let’s take a holistic look at the Nasdaq movements.
See you in a moment.
thank you