BTCUSD Bybit Chart Analysis February 7

Updated

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for February 7.

This is a move after the final finish on February 4th.

The details are summarized in the comments at the bottom of the analysis.

After the buy after $37304, we chose a smooth rebound.
A purple parallel line danger zone was newly constructed.
The red support line was a safe support line through the weekend.

There were two main circumstances.

In the daily chart center line touch battle

* Hit the upper side first, and see if there will be a adjustment
After the adjustment, will there be a final rebound

It was the final long position response strategy.

BTC chose the lower one first.
A strong overshooting occurred in the area where the daliy BB center line was touched.

I explained that I would go as far as the green resistance line.
Rather, over shuting.

Without departing from the marked purple support line, the danger zone
From the first $37304.5 chase/buy position
After reaching the maximum profit section of $ 4663.5
It finished upward without breaking the purple support line.

The long-awaited Real Rebounds has been achieved

Before and after retracement of the weekend gap gap shown on the right
It looks like the direction will be decided this week.

More details will be discussed in the analysis section.

4 hour chart.

Today's approximate Top and Bottom prices are displayed.

Focusing on the return of the gap indicated at the bottom
It looks like the direction of the week will be decided.

Check the red up/light blue down movement path centered on the purple support line

I made today's trading strategy.

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

I would like to see a strong uptrend by ignoring the weekend gap retracement.
I made the strategy as realistic as possible.

I think the 4 hour chart resistance line / MACD dead cross could be the main point.

Because it is difficult to drop in one shot from the current position
This is a strategy that can be achieved by creating a downward wave and dropping it down.

* When the red arrow moves

Short -> Long Switching Strategy

1) $43022 short position entry section / Stop loss when the purple resistance line is broken

2) 40571.5 dollars long position switching section / Stop loss when the green support line is broken

I don't know how far the final target will go.
Basically, I focused on the green resistance line.

A strong rebound after today's Gap retracement is the point.

Those who could not board the long position / rice cakes train last week
I kept explaining why you don't have to be sorry.

In the correction after the rebound that came out last week

Because it was a long-term survival of bit + major altcoins based on the spot exchange
Can you prepare from today?

My strategy is just for reference.

Principle trading / Stop loss is essential, I hope that you operate safely.

thank you

Trade closed: target reached

Hello

We will check the movement after the final finish on February 7th.

private comment on February 7th.

Yesterday's live broadcast orange / purple parallel line been drawing

After entering the $43022 short

It doesn't look like I'm going to fall
Focused on the red arrow one-way long position.

It's a move after that.

*First $43022 short entry section / Maximum $814.5 profit section
*Right upward wave, $42646 long position entry section / 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 trading to the right near the red resistance line.

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

thank you.

BitCoinGuide

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