December 8 Bitcoin Bybit chart analysis

Dec 8, 2023

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is a Nasdaq index announcement at 10:30.


Some patterns are broken, but they are still holding up well.
Successful 5-minute trend reversal
So far, there are no danger signals other than the 12-hour chart.

Today, the Nasdaq looks highly likely to rise.
There is also a possibility of some vertical decline in Taederdominance.

Above all, if you have written an analysis,
We have to take responsibility and cut up the radish.

I will maintain the same perspective as yesterday without changing my perspective.


*Red finger movement path

1. Long chasing $43177 / stop loss when breaking out of the green support line

2. 1st section extreme lateral protection -> Top section 2nd target -> Good 3rd target

There is a short entry near the pink resistance line.
You have to be careful.
The resistance line is pressing in the middle, so it is difficult to go up in one go.
It can be difficult.


The light blue support line at the bottom is about the center line of the Bollinger Band 6-hour chart.
To continue the upward trend,

It is best not to go down to this section.
When touched, it may continue to fall to the right.
$42,627 shown -> Please refer to the bottom price until the weekend.

Even if only the green support line is maintained
Altcoin circulation pumping will continue, right?


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 for your hard work this week too.


Thank you for reading today.

Dec 11, 2023

Trade closed: target reached

Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on December 8th.



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

I marked it
Red finger 16005.2 After long entry,
An upward wave occurs at 15909.8 near the green support line at the bottom.

Finish after touching section 1 at the top
There was an upward sideways movement.

After the weekend, the reversal of the gap that occurred in the middle was completed.
It's moving sideways

Because the pattern is partially broken
For further rise,
The overall high score at the top must be updated unconditionally.




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

After the red finger chase purchase of $43,177,
Break through all major resistance lines

$44448.5 Clean up to the Good section
Perfect finish.

The strategy worked.

A new Gap section of $44583.5 has been created at the top.





After the weekend,
In the case of yesterday, I also had a short -> long delusion.

As the downward wave and downward trend are strongly connected,

From the bottom,
Shown at the bottom
The downward tail rebound is continuing up to the pink support line.

There was a movement of about $4,000 falling at once.
I hope everyone was able to do well in principled trading with a mandatory stop loss without any damage.


The place where the rebound occurred
According to the pattern, it is a 12+ daily range.

The MACD pressure on the daily chart appears to be connected.

Bitcoin only rose alone

The overall flow of the NASDAQ movement is
I think I'll follow along, but I'll look at it as a whole.

See you in the evening analysis article.


I think this week will be especially busy.

Have a nice Monday

See you in the evening


thank you

Dec 11, 2023

Trade active

In the section explaining the pattern,
There was a mistake.

In section 6+12
It is not the next pattern, 12+ daily candle.
Because only the central line of the daily chart was touched
The medium-term pattern is broken,

When pattern recovery and rebound fails
Daily chart MACD dead cross pressure
Please note that there is a possibility of further decline.


thank you