BitCoinGuide

December 1 Bitcoin Bybit chart analysis

Long
BitCoinGuide Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
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It's a Bitcoinguide.

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Bitcoin 30-minute chart
Today, Nasdaq has indicator announcements at 12 o'clock, 1 o'clock, and 4 o'clock in that order.

Because the trend was ongoing, analysis was a bit difficult.

There is some good movement on Nasdaq today.
Even if it moves sideways, the beat appears to move freely.

Considering tether dominance, patterns and waves, etc.
We proceeded with the drawing.

I think it has already risen as much as it has.

It’s a long position strategy again today.

You may think I'm crazy, but
By my standards, it is the safest
I think it's a reasonable strategy.

We operated with a focus on trend following.





*Red finger movement path

Long position strategy

1. $38,438 long position entry area / stop loss when breaking out of the purple support line

2. Long position target of $39,670

The purple vertical line on the right is centered around the weekend period.
During the weekend, the final target for the Good section is displayed in the upper right corner.
Gap sections are indicated.

Instead of operating aggressively, I set my stop loss close to the entry price.

It seems that some people are having difficulty adjusting the stop loss.
Those who have been long since yesterday
How about running it as I left the analysis?

If it breaks away from the purple support line, it goes into the green support line.
We marked the sideways trend at $37,870.

Bottom price -> We left the true blue and support line sections.


For those who read the analysis
Long and short, I hope you manage your positions well.


Please operate safely with principled trading/stop loss required.


It's been a while, so I'll leave you with a word.
“In the end, everything goes according to the chart.”


Have a nice weekend.

thank you


Trade closed: target reached:
Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on December 1st.



This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.

Red finger 15946.8 After long entry,
Breaking out of the green support line -> Near the deep blue support line at the bottom
It ended after a rebound at the indicated 15833.1 point.


After the double bottom,
At the top, we have reached the center line of the 4-hour chart in section 1.

It appears that good news was applied in last week's indicator announcement.

Gap section 15994.2 was created at the top.



Bitcoin 30-minute chart.
Major sections are marked with black fingers.

After entering the red finger $38,438 long position
Top right finish.

It was going sideways during the weekend
I touched the marked Top section -> Good section.


The strategy has been completed.


The purple support line was broken while moving sideways in the middle.
Then, without touching the green support line,
It is rising smoothly.


A new gap section of $38,802.5 has been created at the bottom.
Please check.


As of November 30th
The purple finger at the bottom left starts from $37,599.
After entering long position
I mentioned the business class seats on the Tteoksang Train.

In most cases of rise or fall
From the risk zone, the trend is connected.

No pain no gain. You remember, right?

Those who have been holding it since then
I hope you can follow the trend by adjusting the stop loss until the end of the profit.

I think the difficulty of today’s analysis will be considerable.
I feel good because Bitcoin is rising.


I'll see you later in the analysis article.


thank you
Trade active:


Great section indicated / Touch $42,144.5

Absolutely perfect!

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