December 20 Bitcoin Bybit chart analysis

Dec 20, 2023

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There will be a Nasdaq indicator announcement at 12 o'clock tonight.

In the past few days, there has been a decline and a rebound without asking.

not a normal movement
Bollinger Band 1-hour chart within support and resistance lines
A sideways market is emerging.

This is a difficult section to make profits in both long and short terms.
With the Nasdaq reaching its highest point,
Substitute tether dominance movement
We have brought you the safest trading method.

You need to prepare a strategy according to the real-time situation.
Today is not hot,
I think it would be good to think of it as a lukewarm strategy.


*Sky blue finger movement path

Long position strategy

1. Section 1 at the top is only for the brave.
Short entry zone / Stop loss when the pink resistance line is broken (autonomous trading)

Wait for long position at $42229.5 / Stop loss when the light blue support line is broken

2. $43844 long position 1st target -> Good 2nd target -> Gap7 3rd target


There is an immediate upward trend at the current position or
If it does not break away from the purple support line
Please note that there may be a strong rise.
(Refer to those currently holding long positions.)


Yesterday, if you had taken a long stop loss
This is the long position profit zone.
It was a large and dangerous position.
Today is a day of reflection,
Stop loss is safe but tight
Now that we've done it, I think it would be nice to praise it if it succeeds.

After the current Nasdaq decline,
I'm supporting it

Please operate safely by checking real-time movement.


Please keep in mind that my analysis up to this point is merely for reference.

I hope you operate safely with principled trading/stop loss required.


thank you

Dec 21, 2023

Order cancelled

Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on December 20th.



This is the NASDAQ 30-minute chart.
Major sections are marked with black fingers.

Red finger 16766.8 After long entry,
Touch section 1 indicated at the top
It plummeted strongly after the downtrend.

After leaving the indicated Bottom section,
At the very bottom, we have reached the support line section.
A new lower gap section was also created.

I was watching the double top movement on the monthly chart.
If you touch section 1, even in small waves
I made my own double top.

Yesterday's big drop was due to the 4->6->12 hour MACD deadcross.
It appears to be linked.

Leaving until section 1+4
For long positions, the danger zone has been reached.
The current situation has become very complicated.
Let's look at it overall.



Bitcoin 30-minute chart.
Major sections are marked with black fingers.

Sky Blue Finger was a long position waiting strategy at $4229.5.
Break through the pink resistance line -> A strong rise occurs without breaking away from the purple support line.

Up to $44,345.5 in the Good section indicated above.
It arrived accurately.

Since there was no touch at the entry point, the strategy was cancelled.

Even if I usually overdo it
The reason for pursuing long and short positions is because of movements like yesterday.
I should have gone hot, but I went lukewarm

I missed this great entry point.

I reflect.


It seems that Bit will also be affected to some extent by the Nasdaq adjustment.
Take a close look at the overall
See you soon in the analysis article.

The weather has become really cold.
If you show off your pride, you might catch a cold.
Please wear two layers of underwear.

thank you