BTCUSD Bybit Chart Analysis October 4

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 October 4 th.




snapshot




This is the move after the final finish on October 1st.


At the final finish of the black finger section

Orange / purple resistance line overshooting section
It was completed after breaking through and achieving a maximum profit of 3830.5 dollars.


Sideways finish without major move on the weekend

Complete retracement to the closing price of the Gap futures market

Currently, it seems important whether the MACD dead cross on the Weekly chart is ignored or imprinted.


More details will be discussed in the analysis section.



snapshot


4 hour chart

MACD Dead Cross is engraved
The pattern is ambiguous

Today's approximate Top/Bottom price is displayed.
(Check the bottom section up to the maximum variable)

Based on the purple support line

red top / sky blue bottom

I made today's trading strategy.



snapshot




The current position is a position where there is a high possibility of a sideways trend.

It is a neutral strategy depending on the situation.


I focused on the light blue finger movement path.

Up to cheat, left arrow path


* When the red arrow moves

Short -> Long Switching Strategy

For those who are maintaining the existing long position,
I'll start with the long position.

A slight touch of the previous high and the possibility of whipsaw.

$49243 short entry section / Stop loss when the green resistance line is broken

47816 long position switching section / Stop loss when the purple support line is broken.


If there is no whip saw today, the final target will be the Top section.


* When the light blue finger moves

Short -> Long -> Short -> Long Switching Strategy


From the rebound at the breakout of the purple support line
It will be a short position entry section.

As long as it does not break the orange resistance line

Entering a short position or entering a short position after breaking the purple support line


$45901.5 Long position switching section / Stop loss when breaking the orange support line
(It should continue to flow to the right without a rebound, and if the rebound is weak, it may fall to the red support line)

$47,467 Long Take-off or Short Short / BB 30-minute chart, Stop-loss when the resistance line is breached

$46414.5 Long position switching / Stop loss when breaking the green support line




I hope you will take note today and operate safely.


I'll end this afternoon without any comments.

Have a good Korea holiday and see you tomorrow


thank you


Trade active
snapshot
Trade closed: target reached
snapshot


$1815 Profit
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