December 2 BTCUSD Bybit Chart Analysis

Updated

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 2.

It is a move after the final finish on December 1st.

In a short position strategy,

Checked for supportive movements. strategy modification.

Arrow on the path

It was a long -> short -> long switching strategy.

Achieved a total profit of about $2000

The purple support broke off the last long switching.
Unfortunately, it was pushed to the green support line.

Basically, the 4-hour chart MACD dead cross was engraved.

Fortunately, I didn't deviate too much.

Let's take a closer look at the details

4 hour chart

Approximate top price and bottom price are displayed.

It's still a dangerous section.

6 hours -> 12 hours if MACD deadcross is connected
It could go down to the bottom section, or even the dark blue support line.

It's still going sideways, But so the pattern is being maintained.
It is good to remember the risk factors.

The recent trend is correction after a rebound.
Apparently today's candle ,
Since there is no wave yet, the possibility of a sideways movement is high.
I'm trying to put some weight on the sidewalk and move on.

around the green support line

Check the red up/light blue down movement path

I made today's trading strategy

A 30-minute chart one-way neutral strategy.

It is a section with many variables.
One insurance is planted at the highest and lowest points, so please refer to it.

(red arrow / purple finger)

* When the light blue finger moves

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

This is an area where a sudden trend may appear.
Still, I put weight on the possibility of sideways

1) $55308 long position entry section / Stop-loss price when breaking the orange support line

2) $56269.5 short position entry section / Stop loss when the orange resistance line is broken

-> The important part here is, if the orange resistance line is broken
Because it is a strong rebound section, it can be connected to the red arrow section at the top.

3) $53244.5 long position switching section / Stop loss when breaking off the sky blue support line

-> This is the strategy for the possibility of sideways movement.
After the retracement, the degree of finishing to the right is expected

4) The final rebound section that comes out when reaching the light blue finger and purple finger sections

$58661.5 Long position target and short position entry section / Stop loss when breaking the sky blue resistance line

5) $54300 short position target and long position switching section / Stop loss, refer to the shape of the support line

I think it will be like this

If you reach the purple finger zone today
On the main chart, there are major support lines and danger signals in the danger zone.

Even if there is a strong rebound
Because it is a MACD dead cross on the main chart.
Until an additional main stick is created, keep pressing or shaking it until the next week.

Afterwards, an upward trend can occur

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

Thanks for reading

Trade active

Order cancelled

extreme side way move.

BitCoinGuide

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