I will begin Bybit BTCUSD Chart Analysis for January 3rd
This is 30m candle chart for yesterday.
It is Long -> Short switching strategy. If it had reached the bottom line, it could have been better for a rebound.
I’ve explained about short position on live streaming.
Precisely, the price went up & down with the indicated entry points.
Congratulations for those who made profits.
This is daily candle chart.
MACD Dead Cross appeared due to yesterday’s movement. I believe the daily candle chart’s parallel supporting line would be the maximum supporting line.
I brought a strategy based on this.
Today’s strategy. It is 30m candle chart.
I will explain briefly,
1. Please check route A & B with A’s long position / B’s short position entry timing and price points
2. In case of route A, please check the price does not go down below long position entry point / If it does please check route B When the price goes up, you have to see the price goes above the final parallel resistance line / if the price reaches the smile face line, we are at safe zone
3. Route B : Please check the price does not go above entry point If it does, call it a day with no position / Please check the final long position entry point. If it goes down with an additional candle, call it a day with no position
This is it.
* I’ve indicated bonus points with finger pointers. (You can cope with it at night time)
* Parallel line is quite tight. And I believe the direction will be decided based on the way it breaks out
Hope you have a restful Friday.
I will come back to you with FX Margin trading Chart Analysis.