january 20 BTCUSD Bybit Chart Analysis
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for January 20.
Since the last comment on January 19th, this is a move.
I marked the main sections with black fingers.
Yesterday was the place where the overshooting already came out once.
There was no place to eat until the purple resistance line.
There was no entry, so no separate counting was done.
From the high of $42531.5 short to long switching / $710.5 profit section
Long switching section at the bottom $41848.5 / $522.5 profit section
Because short-term trading is the main
It is forced to be in the $1240 profit section.
The peak swept that was expected as a variable did not come out.
Instead, check the rebounding section from the short high.
The standard was to keep
After that, the green support line cannot serve as a support.
up-ward sideway -> Extreme sideway move.
Let's take a look at it as a whole.
4 hour chart
Today's approximate Top and Bottom prices are displayed.
Today's main point
6 Hour MACD Golden Cross VS 12 Hour MACD Dead Cross
I think it will be about
In the case of today, when looking at the pattern
There is a possibility of a vertical rise.
Would it be good to try a chase long?
Of course, I don't mean to chase you right away.
When compared to chase trading in sideways
This is a description of the current situation.
Check the red up/light blue down movement path
I made today's trading strategy.
wow it's difficult
There were so many junctions.
After much deliberation, I proceeded with the 30-minute chart one-way long position strategy.
In case of failure, even the risk factor was left with a light blue finger section.
Ignoring the 12-hour chart dead cross,
progress, or divided into two.
I ignoring the dead cross make a stratagy.
I created a strategy to the up-ward.
But ,
It is a place where vertical rises and vertical declines can occur.
Especially today, there are so many branching points.
Please note.
* When the red arrow moves
Short -> Long Switching Strategy
Because the current position is a section where Red cloude is keeping thin
If you get off right from your current position,
you will fall vertically.
In the red resistance line section at the top, the adjustment can be connected to the right and down.
Among them, I made a strategy with a downward trend -> a rebound.
Because the green support line is two touches of the 12-hour support line.
I feel so bad
1) 42324.5 $ 42324.5 short position entry section / Stop loss when the red resistance line is broken
2) 41829.5 USD long position switching section / Stop loss when the purple support line is broken
The final target is $43282.5 at the top,
It is also possible to operate short positions for a short period of time.
The green support line is a crosswalk section.
Can't break the orange resistance line,
If the green support line is broken, it will be the bottom section, right?
Today's strategy ends here.
Unless you have already entered and maintained your position
When crossing the street, do not force yourself to enter in the morning.
We recommend that you proceed after the evening trend.
Don't forget to buy in principle / stop loss is essential
Fighting today
thank you.
