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I will begin BTCUSD Bybit Chart Analysis for December 27th
This is 30m candle chart for yesterday.
I’ve deleted unnecessary parts.
After the price went up along with route A, I’ve pointed out the orange below and $7,261 price point. And you can also check out the converging section between them.
The price had a rebound at the location where red finger pointer is at. It broke out $7,261 strongly and then touched the smile face line once with a correction.
The price correction was stronger than expected. I also emphasized several times how to cope with the situation in real time. So I believe you must have dealt with it well.
It was about $260 movement.
Yesterday my trading strategy for BTCUSD & USDCAD was turned out to be perfect, however, the actual trading ended up with stop-loss.
It was very hard to do the live streaming and simultaneously do my trading.
I had to show you and explain about everything. So lack of time enabled me to freely switch and change my positions for the trading.
If I were not able to analyze, I won’t be regretful.
But not being able to just follow the perfect strategy I’ve made was a bit irritating.
However, It’s my decision so I have to deal with it.
This is BTCUSD daily candle chart.
The new candle is made right at the middle line of .
And today is the last day for .
We often see two kinds of movement on the last day.
A strong movement comes out when the balance is broken.
Or the price ends up with drifting sideways.
Currently we have a candle precisely at the middle line.
So I brought a strategy based on this.
This is 30m candle chart for today.
I will briefly explain.
1. Please check route A & B with entry timing / A’s long position entry timing / B’s short position entry timing with the price point ($7,273)
2. Route A : Please check whether the price goes down below the entry point.
If it does please follow route B / Carefully check whether the price touches the final smile face line
3. Route B : Please check whether the price goes down below $7,161 with an additional candle
If it does, please enter short position / When the price falls at this point, it could go down to $6,800
4. Finally check out the bonus entry points, blue finger for route A and red finger for route B
This is it.
I’ve indicated converging section between two orange . So I hope you cope well with it.
Hope you have a good day.
I will come back to you with FX margin trading, overseas analysis.
Jae Ho Shin)