December 22 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
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Bitcoin 30-minute chart.
I was so focused on just providing the drawing that I ended up analyzing it.
Due to time constraints, I had to leave right away.
I'll summarize it briefly and then I'll get to it.
*Sky blue finger movement path
Short -> Long switching strategy
1. Short position entry zone of $44213.5 / Stop loss when the orange resistance line is broken
If a short entry position does not appear,
Go long at the lower green support line
2. Long position switching at $43406.5 / Stop loss when the green support line breaks away
3. $44583.5 1st target -> Top section 2nd target
From the current location,
If there is a rebound to the previous high point breakthrough area
A whip saw may appear.
The green support line is a safe zone.
The pattern breaks from the light blue support line.
Downtrend over the weekend
It can be connected, so be careful.
Whether or not the MACD dead cross is engraved on the 4-hour chart is important.
Please keep in mind that my analysis up to this point is merely for reference.
I hope you operate safely with principled trading and stop loss required.
Thank you for your hard work this week too.
Happy Christmas, have a nice year-end~
I'll see you next Tuesday.
thank you
