BitCoinGuide

November 23 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.

It is a one-way long position strategy.

There is no Nasdaq index release today.
The 12-hour chart MACD golden cross is in progress.


*Red finger movement path

Long position strategy

1. $37,120 long position entry zone / stop loss when breaking out of the green support line

2. $38485.5 long position 1st target -> Great section 2nd target

The important part here is,
Top section 38485.5 dollars
This is the position that touches the Bollinger Band resistance line on the monthly chart.

If the upper tail is left up to the Great section,
I think it would be a good idea to place a stop loss at the entry price and operate a short position.

The fluctuation range is not large
I deliberately set a generous stop loss.
If it breaks out of the purple support line, there may be a strong downward push, so be careful.

After checking the tether dominance movement,
In case of downward slope, up to the light blue support line indicated at the bottom ($36393.5)
Please note that it may be delayed.



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 November 23rd.


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

Within the light blue fingers/red fingers
End of extreme horizontal protection

It is moving sideways and breaking away from the pink resistance line -> the purple support line.

Due to the US market being closed,
It ended without any significant movement.



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

After entering the red finger $37,120 long position
The extreme sideways trend ended without touching the green support line.

The profit is low and the strategy is active processing.

Like Nasdaq, without much movement.
It ended on a sideways note.

Once the orange resistance line is crossed,
There is strong overshooting, but it is frustrating.


As explained in yesterday's strategy, the perspective is the same.

Those holding long positions
Pay attention to the green support line.

I'll see you later in the analysis article.


thank you

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