BTCUSD Bybit Chart Analysis February 8

Updated

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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 February 8.

After the final closing on February 7th

It's a move after that.
More details are in the comments.

I marked the main sections with black fingers.

After clearing the short position, the red arrow was a one-way strategy.
42646 It was a long wait.

*First $43022 short entry section / Maximum $814.5 profit section
* $42646 long position entry section with upward wave / up to $1900 profit section
(I held it tight for fear of missing out on the long position, but I succeeded)

It is a profit section of about $2700 round trip.
Unfortunately, the gap retracement did not come out, so Perfect failed.

Since then, it has been moving upwards near the red resistance line.

Whether or not there will be a retracement by this week seems important.

I'll take a look at it in its entirety.

4 hour chart.

Approximate top price and bottom price are displayed.

Overall, the pattern is alive.
To go down to the gap retracement at once
still have the up-trend.

Check the red up/light blue down movement path

I made today's trading strategy.

This is a 30-minute chart one-way neutral strategy.

As a strategy for the final right-of-way
Today started with a chase shot potion.

The standard is 30 minutes + 1 hour chart rebound after adjustment due to dead cross

In general, short positions are taken from the center line of the ballvan.
Because it's a rebound that comes down
If the trend dies at the current position, it could be the best short spot.

The difference is the one hour MACD dead cross engraving from yesterday.

Even if it rebounds from the current position, it seems to be upward sloping.

Violet breakout of support line -> If it connects only to breaking above the orange resistance line

The strategy seems to work

Those who take shorts, please watch my stop loss video
Good luck with your position check.

* When the light blue finger moves

Short -> Long Switching Strategy

1) 43978.5 $ 43978.5 short position entry section / Stop loss when breaking through the blue wave resistance line

2) 42778.5 USD long position switching section / Stop loss when the red support line is broken

3) Maintain position with 45472.5 long position target and stop loss correction

There are a few things that are important to the success of today's strategy.

There are many divergences because the possibility of sideways crossing is high

Let me explain the most important part:

*Without breaking the orange resistance line
A breakout of the purple support line / a possible consolidation to the right when the orange resistance line is broken

* Without departing from the red support line,
(There is a possibility of a gap until dawn when leaving)

Orange -> Break through the dark blue resistance line
If it does not break through the dark blue resistance line, further corrections are possible after tomorrow.
(Jinparang short position operation section)

Today's strategy ends here.

Gap retracement seems to be the key this week
Those with a long position trend will depend on whether or not they break the red support line today.
You can operate

Thank you.

Trade closed: target reached

Hello

This is the movement after writing the analysis on February 8th.

1) $43978 short / $1201 profit
2) $42778.5 long / 1623.5 Profit

Congratulations on your Prifit.

Thank you.

BitCoinGuide

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