December 31 BTCUSD Bybit Chart analysis

Hello,

it’s BitcoinGuide.

There were lots of things in 2019.

I wish I could have done better, as I sincerely appreciate all your supports always.
I will continue all my efforts next year too.

Wish you all good luck and happy new year.

Today, don’t forget to “Follow” me and press “Likes”.

I will begin BTCUSD Bybit Chart analysis for December 31th






This is analysis for yesterday.

It was route B movement.

I’ve also mentioned about orange trend line.
As the price went down below the converging section, it dropped until the target point.

The price precisely touched the weekend gap difference and had a rebound.

It was about $170 movement. Congratulations.






This is 4H candle chart.

There was a weak rebound in the morning.

And I brought a strategy based on this.






This is 30m candle chart.

I will briefly explain.


1. Please refer to route A & B with A’s long position entry timing / B’s short position entry timing / with each price point of $7,242

2. In case of route A, please check it does not go down below the long position point
(If it does, follow route B) Finally, check whether the price touches final smile face line. We are at safe zone at this point

3. In case of route B, please check the price goes above short position point. (Typical short position entry point). If it does not go down, please check out route A. When the price goes down below green parallel line with an additional candle, please enter short position

This is it.

I’ve indicated 2 blue finger pointers, red finger pointer as bonus points.
Hope you cope well with it.

Hope you have a good day.

I will come back to you with FX margin trading, overseas futures analysis in the afternoon.

Thank you.


(Translation
Jae Ho Shin)