October 22 BTCUSD Bybit Chart Analysis

Updated

Hello ,

“Make it simple, make profit”
It’s BitcoinGuide.

Don’t forget to
“Follow” me and press “Likes”.

If you "follow" press,

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 22 th.

This is the movement after writing the analysis on the 21st.

Just looking at the flow
Downward than the expected path, I can see the movement in a pushed state.

I had work yesterday, so I ended it without a final finish.

Creating an additional downward wave at $64454.5
It went down to the final bottom section.

4 hours -> 6 hours -> 12 hours MACD dead cross connected

Stop loss because it broken the red support line.

Exactly 30 minutes after touching the resistance line
Downward decline after the downtrend

It seems to break through the orange resistance line explained in the video
while detouring and going to the bottom
The worst-case scenario has happened

I don't know if everyone followed the principles and operated well.

4 hour chart

Yesterday's movement broke the uptrend
The current rebound is due to lack of wave-like power.

I think In the end, won't the win be near the sky blue support line?

Ignoring the uptrend, whether it leads directly to the top price.
Keeping the uptrend, see if it reaches the sky blue support line.
Since the uptrend is broken, will it lead to the bottom in a downtrend?

Even if I briefly explain it, it's a headache, isn't it?

Today's approximate top price and bottom price are displayed

Red Up / Light Blue Down Check

It seems that the final direction will be decided before and after the breakout of the sky blue support line.

Created today's trading strategy

30 minute chart neutral strategy

Today , Too it's a one-way strategy

Once it falls to the bottom section, there may be further declines after tomorrow.

In case of keeping the green support line without breaking
Please check it as it can rise to the sky blue resistance line without adjusting to the right.

The pink line is the overshooting zone when breaking through.

* When the red arrow moves

Long -> Short Switching Strategy

Personally, I hold the long from the bottom in the morning.
You can start with those who hold a long position.

1) $64718.5 short position switching section / Stop loss when breaking through the red resistance line
Because the upward trend can be maintained without correction to the right
Those who cannot catch a stop loss, those who only operate the spot exchange, wait for the final long at the bottom

If successful, it will flow slightly downward to the right.

2) $62079 long position switching section / Stop loss when breaking the sky blue support line

The final $ 66058.5 becomes the long position target.
Follow the trend by using tracking stop loss or correcting stop loss
I think it would be good to run it short.

If today's strategy does not break the sky blue support line

It looks like a minor alt -> major alt fire

After seeing the movement today, I will come to leave a comment in the evening.

Principle trading / Stop loss required

Have a nice weekend

thank you

Trade active

Trade closed: stop reached

Blue support line Break away.

BitCoinGuide

*비트코인가이드 공식텔레그램 Telegram
t.me/BTG_Group

*빙엑스 BingX 50%DC+$5,000 (청산때,1회수수료)
bit.ly/3E8ZkAW

*바이비트 Bybit 20%DC+$5,020
bit.ly/3iBwXCd

*제로마켓 ZeroMarket ECN계좌 40%DC (해외선물,FX)
bit.ly/3pY0dUv

Also on:

Related publications

October 21 BTCUSD Bybit Chart Analysis

by BitCoinGuide

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.