BTCUSD Bybit Chart Analysis December 20

Updated

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Only 30 Min chart ,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 20.

The upper part is the movement after the analysis on the 17th.

4 hours chart after MACD dead cross engraving
Direct downtrend

In the light blue finger movement path

$46321 After entering the final long position,
sidewalk is finished

Gap section return has been completed

'Cause I keep going sideways without a trend
It seems to be very tiring from an analyst's point of view or an investor's point of view.

I'll take a closer look at the whole thing.

4 hour chart

Today's approximate Top/Bottom price is displayed.

Because the pattern is broken
If you can't raise it to the right without adjustment
It will probably be difficult to break the red resistance level today.

When the green support line breaks
The bottom price is open to the bottom.
In the meantime, I have built a pretty solid support line while going sideways.

Red resistance/green support

I have shown the approximate route.

I made today's trading strategy

30 minute chart one-way neutral strategy

In fact, in a downtrend, it is convenient to think about short positions.

I think it would be better to judge that everything is a downtrend with the exception of the rebound.
I put my weight on the sidewalk.

All trading strategies will fail today if the red resistance level is broken or the green support line is broken.
Concentrated on counter-trading

1) $47084 short position entry section / Stop loss when the orange resistance line is broken

2) $45877.5 long position switching section / Stop loss when deviating from the green support line

3) $47981.5 long position target and short position operation section
After that, I think autonomous trading would be good.

Principle trading / Stop loss is essential, and operate safely.

thank you.

Trade closed: target reached

Hello.

Yesterday, short->long switching along the light blue finger movement path.
It was a neutral strategy.

I ended up with no add final comments

Luckily, it fits the strategy to some extent.
Short -> Long round trip It is a profit section with just under $3,000.

Conversely, the rebound from the green support line
I'm out of strength and I haven't reached the red resistance line target.

Unfortunately, it is a Perfect strategy failure.

I'm in pain because of sideways these days.

Today, we will look into the whole and come back with a hot strategy.

thank you

BitCoinGuide

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