Long

November 8 BTCUSD Bybit Chart Analysis

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 November 8.

Last week,
Private comment from approximate Top / Bottom section and
I drew a major parallel line.

it is a 15-minute chart.

I chose the red upward movement path

There was a strong rebound.

And , There was a big difference from the Gap retracement section that occurred on the weekend.

In general, gap retracement is
Sometimes it can take up to a week
There are cases where the trend changes without retracement, ignoring it altogether.

Which direction will you choose?

I'll take a look at the whole

This is the section just before the daily resistance line touch.

4 hour chart

Just now touched the BB daily chart resistance line.

Today too It should be one way...

When a movement like this comes out, most chart analysts will
Release your hand.
I can't draw parallel lines.
I'll try to fix it somehow , It's not an easy place

At least based on the analysis content from the present position
I think there is a distinction between experts and non-experts.

Today's Approximate Top Price / Bottom Price Check

I marked the red up/light blue down movement path,

At the bottom is the gap section

Based on the above, we have created today's trading strategy.

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

It's a troublesome place.

Everyone likes it, so I prepared it as a one-way

Today, if the green support line is broken, the strategy is a big failure.

It is unlikely, but if
If it breaks away from the red support line, it will not act as a support.
You can reach the Gap section, so be careful.

If there is a normal retracement without additional rise,
I think that it will be possible until tomorrow or the day after tomorrow.

* When the red arrow moves

long position strategy

It is a section where an upward trend is possible from the green support line.
I might miss it, so I proceeded a little more aggressively.

at this place,
How many analysts can boldly insist on a long position?
What kind of confidence am I too, I hate myself like this

as described

Because you may miss the entry to the long position
I focused on the strong rise of the purple parallel line,
(Daily chart MACD goal waiting)

Instead, the stop-loss is the green breakout line.

For those who are not in a position, from now on, from the purple support line touch section
you can focus

1) $65013 long position entry section / Stop loss price when leaving the green support line

2) 68876 long position target and short short position operation section /
The approximate route and price are displayed in the lower right corner.

As seen in the morning bitcoin rebound
Some adsorption methods have been performed.

Basically, the beat has to go up first.
Afterwards, you can know whether to take Alts or ETC Alts.

If today's strategy succeeds

Simultaneous operation of Bitcoin + Altcoin seems advantageous.
(Even if there is a suffocation method, the alt will follow from the sideways movement.)
Or you may miss it, so it would be advantageous to enter the altcoin in advance)

If it deviates from the green support line, there is a high probability of a retracement to the gap section.
you have to be careful

If you do not need to buy in principle / stop loss
It's a path to ruin.

Thanks for reading

Trade closed: target reached

Hello

Let's check the movement after the final finish.

It's a private comment.

* When the arrow moves down immediately after adjustment

*Light blue fingers when returning by bypassing the additional high point

Profit up to $2700

Daily MACD Golden Cross is in progress.
The highest price is being updated.

I'll try to take a closer look today.

thank you.

BitCoinGuide

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