BitCoinGuide

October 7 BTCUSD Bybit Chart Analysis

Long
BYBIT:BTCUSD   Bitcoin / U.S. Dollar










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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 7 th.







This is the move after the final finish on October 6th .


Sky blue finger movement path progress

short -> long switching strategy is a great success.

In a shorter time than expected, it strongly hit the indicated Top price.
it's finished

Up to $5027.5 profit section

Congratulations to all who made a profit.


Due to yesterday's movement, the MACD dead cross was ignored on the weekenly chart.

More details will be discussed in the analysis section.





4 hour chart.

Today's approximate Top/Bottom price is displayed.

*Green parallel line strong rise
*Red parallel line to the right
*Sky blue parallel line to the right

Red up / light blue down movement path check

I made today's trading strategy.








This is a 30-minute chart one-way long position strategy.

Maybe ,After some adjustment, it will rebound.

based on the weekly chart
This week, because we have reached our target to some extent
Possibly, a good move will come out of a strong correction / miscellaneous altcoin while raising it to the right.

Today, the trading strategy is a failure if the red support line breaks.


It is a one-way strategy, but
I left a red arrow moving path for the possibility of vertical ascent.

Whipsaw may come out, so be careful.


* When the light blue finger moves

Short -> Long Switching Strategy

Long, short, and long sessions are also possible depending on the situation, but I recommend it only to those who have spare time or are confident in switching.
Beginners or those who use spot exchanges
I think it would be better to focus only on long position operation.



*$54833 short position entry section / Stop loss when the ball van crosses the 30-minute resistance line (it is not a touch, it is a break through the additional bar, even the trick is counted)

*53925 USD long position switching / Stop loss when the red support line is broken

*The final target is $57930.5 in the upper right corner,
Short position operation seems good after using tracking stop loss / after designating stop loss price


Maybe this week, Bitcoin has up trend enough.
I think that circulation pumping is mainly coming out of ETC Altcoins.


STPT still has power.
Because the fortune is thin, it can come off strongly if the strength is lost.

Overall, Dogecoin seems to be reasonably safe, so please be careful.

I've been lucky lately, and the one-way strategy is working well.
Never blindly trust, buy in principle / stop loss is essential
I want you to set your own standards and trade.



thank you



Trade active:
Comment:

Side way move finish.

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