BitCoinGuide

October 25 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 will be an announcement of Nasdaq indicators at 9 o'clock and 11 o'clock in a while.

Powell's speech is at 5:35, but Nasdaq is closed.
Because it is a time zone, when the 7 o'clock daily chart is created
Please note that there may be a strong gap.


Today, we are using the same short->long switching strategy as yesterday.

We will maintain a long position.

*Red finger movement path

catch-up buying strategy

1. $34259.5 long position entry area / stop loss when breaking out of the green support line
($33345 in the light blue finger section at the bottom is yesterday's long position switching section)

2. $36877.5 long position 1st target -> Top section 2nd target

I think those who were going long yesterday should operate the same way.

There is currently pressure on the MACD deadcross on the 4-hour chart.
It is not good to touch or break away from the purple support line.

The pattern is broken up to the green support line, but it is a sideways section.
The light blue support line section becomes the safe support line 1+4 section.


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.

I will check the movement after writing the analysis on October 25th.



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

At the time of analysis, it was based on daily and weekly wages.
It was a double bottom, but the lower part slowly opened.

Light blue finger Bottom -> to the bottom support line
It has fallen.

As expected at the 5:35 indicator announcement
Gap 14369.2 at the top was created.

Bitcoin, gold, and crude oil are all rising.
Only the Nasdaq continues to fall.

Let's look at this in detail.



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

In the analysis article on the 24th,

Short->Long switching section / After entering the light blue finger at $33345 at the bottom left

Red Finger $34259.5 chase buy
Within the indicated orange resistance line/purple support line
The upward trend has ended.


It has continued to move sideways for two days without any significant movement.

The strategy is active processing.

The perspective is the same as yesterday.
For those who are entering, modify and maintain the stop loss.
I think it would be good if you could operate it.


I'll see you in the evening analysis article.


thank you

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