BYBIT:BTCUSD Bitcoin / U.S. Dollar
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Only 30 Min chart ,
In real time, you can check major sections and move,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for January 20th .
This is a 30 minute chart created yesterday.
In the purple finger section, entered a long position.
(Korea chart analysis comment progress)
But , The sideway move ended.
Orange support break away-> green support line finish.
It was sideway move, but
Break through the red resistance line -> can not break the pink line.
For this part, I thought about it.
4 hours chart.
If you look at the orange resistance line at the top,
This is a normal resistance line.
At the light blue resistance line, the rise stopped.
It's a very suspicious move.
4 Hour Chart Golden Cross -> 6 Hour Chart Golden Cross
-> 12 Hour Chart Goldnd Cross
But , It is a 12-hour Golden Cross, which is why we could not connect.
It is a section that can be dangerous,
Rise and fall
I have come up with two trading strategies.
This is a 30 minute chart short position strategy.
Because it's a dangerous place,
It is focused on short position.
Pay attention to the convergence of the blue support line and the red resistance line.
*Red arrow on the path of movement
Long position strategy.
We believe that a strong rise is difficult to come out.
Liquidation price displayed at the top.
*When the sky blue finger moves,
Short->long switching strategy.
Depending on the rebound or pattern,
Light blue / purple short position entry section indication.
It could go down to the maximum red support of $32453.
Nasdaq is rebounding,
Please pay attention to what variables will come out.
It is a spot exchange.
Same as yesterday,
If Bitcoin doesn't rise strongly
Other altcoins and short-term trading are advantageous.
Also, if the blue support line deviates
Because it can be dangerous, stop loss is essential.
Rather than being forced to operate
After confirming the movement and proceeding to cash
At the final red support line / sky blue finger section
Operated as a major altcoin.
I think two are good.
That’s it for today, and we’ll see you in the Nasdaq analysis in the afternoon.
Thanks for reading.