Bitcoin Bybit chart analysis December 8

2 days ago

Hello
It's a Bitcoin Guide.

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Here's a 30-minute Bitcoin chart.
There are no separate indicators released today.
I've developed a long position strategy based on Nasdaq movements.

*Conditional long position strategy based on the red finger movement path.
- If the price touches the top once or twice and rebounds within the purple support line, it's a vertical rise.

1. If the price falls immediately without touching the top once, the lower level is $91,308.2, the entry point for a long position. / If the green support line is broken, the stop-loss price is $91,308.2.

2. $93,432.7, the first target price for a long position -> the top is the second target price.
If the strategy is successful, $92,961.4 is the point at which to re-enter a long position.

If the price reaches the top before the 9:00 AM candlestick tomorrow, you can enter a short position and then wait for a long position. (Bollinger Band daily chart resistance zone)

The green support line held tight,
but after breaking out, it opened to the bottom, reaching 3 levels.

Please note that my analysis is for reference only.

I hope you will operate safely, with a focus on principled trading and stop-loss orders.

Thank you.

yesterday

Trade closed: stop reached

Hello,
It's a Bitcoin Guide.

I'll check the movement after writing the analysis on December 8th.



This is a 30-minute chart of the Nasdaq.
I've marked the major sections with black dots.

While I don't upload separate Nasdaq analysis articles,

I do keep track of patterns and movements to some extent for Bitcoin analysis.

I followed a strategy roughly in numerical order,
and switched from short to long.

I waited for the 30-minute support + 1-hour support pattern.

However, a downward wave appeared in the first section,
ignoring the support line,
and immediately plummeted to the third digit.

Yesterday, there were no separate indicators released,
and seeing a sharp drop just before an uptrend,
it's a truly bizarre Nasdaq.

Yesterday's movement broke the mid-term pattern,
and the weekly MACD is forming a golden cross,
but it keeps making serious moves just before an uptrend.



This is a 30-minute Bitcoin chart.
The key areas are marked with black fingers.

In the red finger long position strategy,
after entering a long position at $91,308.2,
the green support line candlestick broke,

and fell to the bottom->3 level,
marked below.

After a rebound,
it touched the deep blue support line again and is now moving sideways.

The strategy is to cut losses.

Yesterday, Bitcoin's short-term patterns were all intact,
and the strategy was to wait long around the 30+1 pattern.
But it ignored all patterns and support lines,

and at 11:30 PM, it was 100% forced to couple with the Nasdaq.

These days, it's been moving very erratically.

As I explained in the last video,

with a long position bottoming at $83,795.4,

the overall direction was upward,

and I expected some up-and-down movement.

However, the forced coupling,
ignoring the fundamental patterns, support lines, and even the wave patterns,

made analysis more difficult.

In fact, in this situation, a defensive approach is far more advantageous than an offensive one.

It's crucial to wait long or short at the very last position.

While I maintain a long-term perspective,
participation rates are gradually declining and interest is waning,
and I'm losing energy.

Daily analysis itself isn't easy.

Creating entry points, stop-loss prices, and target prices while plotting is more challenging than I expected.

For the time being, I'll take a break and focus on personal development.

Thank you.