October 14th BTCUSD Chart Analysis

Oct 14, 2020

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 14th .












This is a 30 minute chart created yesterday.

Long purple at the bottom / Short purple at the top,
Without much movement, the sideways move ended.


Without break away the red support line, It's finished.


Overall, it seems to be related to yesterday's Nasdaq Up trend.



And, in general

If the monthly, Wednesday, and Friday trends come out,
Tuesday and Thursday are sideways move.

Today is the order of trends.











Day candle chart.

Generally ,
This is the same short position strategy as yesterday.

I have marked each major section.


And With yesterday's move,
The main section has been changed.












30 minute chart,
It is a one-way short position strategy.

If the direction is determined to some extent,
I'll show the route of movement.

And I marked the main section.


In summary,


* Check the convergence section at the green resistance line / orange trend line.
For today's strategy to be hugely successful,
It is better not to break through the green resistance line.


*Blue box section, no position waiting.

*Purple finger section at the bottom, long position
(Check if the green resistance line is break Through.
When breaking through, if you touch the purple section at the highest point, It is sideways move.)

* Purple finger section at the top, short position.
It is good to use the Short Trailing Stop function in the gap difference on weekends.

Check up to the maximum, section 2.

*At the bottom blue finger section,
This is a long position switching strategy.


The spot exchange,
At the bottom, if supported by purple fingers
Other altcoins, short-term trading operations.


Upon departure, in the final blue finger section,
It is a major altcoin.


I'll see you on the NASDAQ in a while. Thank you.

Oct 14, 2020

Note