BitCoinGuide

November 20 Bitcoin Bybit chart analysis

Long
BitCoinGuide Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.

This is a one-way long position strategy.


*Red finger movement path

Long position strategy

1. $37,140 long position entry area / stop loss when breaking out of the purple support line

2. $38458.5 long position primary target -> Great section secondary target
Because it is the Wolbong resistance line section.

Starting from the top section, it may be a good idea to operate a short position depending on the situation.

The price shown at the green support line is
It's $36,587, which is the 1+4 safety zone.

Please note that in case of sideways movement, it may go down to the green support line.

From the current position, once the pink resistance line is broken,
It's an upward trend.


Please keep in mind that my analysis up to this point is merely for reference.

I hope you operate safely with principled trading/stop loss required.


thank you
Trade active:
Hello
it's a Bitcoin guide.

This is a movement since the analysis was written on November 20th.


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

After entering the red finger 15856.2 long position,
The pink resistance line indicated -> The orange resistance line was broken through.

It has risen to the top section.

Due to yesterday's movement, the MACD deadcross on the 12-hour chart was ignored.
We are close to breaking the peak.


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

After entering the red finger $37,140 long position,
Break through the pink resistance line -> End of upward trend sideways without breaking away from the purple support line.

Precariously, making a lower tail
The purple support line is maintained.

The strategy is active processing.

The pattern is partially broken
I touched the center line for 12 hours.

The 12-hour chart MACD golden cross is in progress.

I'll see you in the evening analysis article for more details.


thank you

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