October 11 BTCUSD Bybit Chart Analysis Long

Description

⋅ Oct 11, 2021 2:53 AM

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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 11 th.

This is the move after the final finish on October 8th.

It was a long -> short -> long neutral strategy.

From the left, I left the main entry point in the black finger section.

$54294.5 long / $2024.5 profit section

$56214 short whip saw switching / up to $2607.5 profit section

That's a total of $ 4600.

Congratulations to all who made a profit.

4 hour chart.

Today's approximate Top/Bottom price is displayed.
Because the top price is on an upward trend
I opened it up as wide as I could.

I couldn't touch the gap difference section on the weekend.
The standard will be about the red support line

Check the red up/light blue down movement path

I made today's trading strategy.

Arrow movement path one-way long position strategy

Even if it moves sideway move or is pushed down,
the maximum gap price / sky blue finger is displayed

Pink overshooting section / Purple parallel line vertical rise / Orange downtrend check

* When the red arrow moves

long position strategy

It seems advantageous to ignore the short and focus on taking a long position.

*$55881 long position entry price / Stop loss price when the purple support line is broken

The final target will be the Top price

60115.5 long position target and trailing stop loss utilization section

Depending on the situation, if the upper tail comes out
Short position entry.

Of course, it is Bitcoin + major altcoins.

If it fails to break through the top sky blue resistance line
This week is going to be a major + ETC alt circulation pumping section going up or sideways.

In case of failure to rebound,

It is the maximum gap section / 54432 dollars long position entry price according to the light blue finger movement path.

If only the orange parallel line resistance is broken
Today, it is not possible to go down to the bottom section or break out of the red support line.
It's not difficult, but it's my personal opinion.

I'll end today without further comments here.

Don't forget to buy in principle / stop loss is essential

Have a good rest of your holidays

thank you.

Trade closed: target reached

⋅ Oct 12, 2021 12:40 AM

long -> Short -> long switching.

$ 4920 Profit