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BitCoinGuide
Oct 6, 2020 6:34 AM

October 6th BTCUSD Bybit Chart Analysis 

Description








Hello,

“Make it simple, make profit”

It’s BitcoinGuide.


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“Follow” me and press “Likes”.


I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 6th .







This is a 30 minute chart created yesterday.

From the left, blue finger section,
It broke through the green resistance line upward.

It was an upward-right sideway move.

It flowed similarly to the NASDAQ movement.






Today Day chart.

This is the main section of the day.

This week, I will summarize the overall movement.


There are resistance lines 1 and 2.

Last week, due to a concomitant decline with the NASDAQ,
Currently, it is a danger zone.


Short-term resistance line #1
Up to the 2nd mid-term resistance line
Completely break through,
It becomes a safety zone,


Before breaking through section 1 and 2,
Each , Strong adjustment may occur.


For this part, I brought a trading strategy.









This is today's trading strategy.

It's a 30-minute chart.

Today is a new version tried it.

Dear Investors, I hope it helps.

If you have anything need, let us know in the comments.


First, I deleted the complicated, moving path.

In the daily movement,
It has been summarized as briefly as possible.


* Convergence section of red resistance line and green support line.
*Orange center line check.
To rise strongly, can't touch.

*In the yellow box,
First break through No 1 or Touch No 2 , in case of departure
Please refer to the blue and red paths respectively.

* Top and bottom, long position, short position
The trailing stop section has been set.
(In both directions, if this section cannot be reached, it is sideways move Finish)

*At the bottom of the first, check the weekend gap.


The spot exchange,

In case of blue movement path, major altcoin / bitcoin related coin.

In the red path,
At the bottom, in the red finger section
Other altcoins.


Thank you.
Comments
PolarHusk
A very detailed post. Thanks for sharing your idea 🐻‍❄️😃
BitCoinGuide
@PolarHusk, Thank you
Rule72
Very clear and specific TA. Thanks.
BitCoinGuide
@Rule72, Thank you
Rule72
@BitCoinGuide, My pleasure
khtto2004
Thank you
BitCoinGuide
@khtto2004, Thank you
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