january 20 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
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This is the Bitcoin 30-minute chart.
Today, Nasdaq is closed and there is a high possibility of sideways movement.
In the case of Bitcoin, the report is being updated,
and the movement is coming out as expected before.
The most important part is whether the weekly chart MACD dead cross is in progress.
If the Bollinger band weekly chart resistance line is touched,
the dead cross is ignored and can continue to rise,
but if it is not touched,
the dead cross must be imprinted while moving sideways,
so the sideways movement period may be long in the mid-term.
Today, based on trend following
* One-way long position strategy when the red finger moves
1. $ 107,086.5 long position entry section / stop loss price when the green support line is broken
2. $ 113,417 long position 1st target -> Good 2nd target
The Good section at the top is the weekly chart Bollinger band resistance line. From this section touch, you can operate a short position autonomously,
and from the update of the report, it can shake up and down greatly,
so you must proceed with the stop loss price unconditionally.
From the green support line -> Bottom, a long bullish candle is in progress,
and since it is a full candle,
even if it moves sideways,
it should not go down to the bottom and
should be supported.
Up to this point, I ask that you simply refer to and use my analysis,
and I hope that you operate safely with principle trading and stop loss price.
Thank you.
