BTCUSD Bybit Chart Analysis October 21

Oct 20, 2020

Hello,

“Make it simple, make profit”

It’s BitcoinGuide.


Don’t forget to

“Follow” me and press “Likes”.


I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 21th .










This is a 30-minute chart created yesterday.


In real time, I created an orange parallel line.

Without touching the orange support line,
it was Indication of the possibility of a strong rise.

After breaking through all major sections
It is finished with the top right.

Congratulations to the profitable people.







Week candle chart.

According to yesterday's analysis,
After the MACD Golden Cross,
We are trying to proceed with a long position-oriented operation.


And , I marked the main section.

Section 1, today's final target.
Section 2 will be the final target by this week.


Pay attention to the resistance line of the pink parallel line.










This is today's trading strategy.

It's a 30-minute chart.

Displayed in a simpler way than yesterday.





Yesterday was upward, so in order,

It becomes a strong trend today.


Each major section is marked,


*Centered on the green parallel line. (Strong rise)
*When touching the orange line, it goes sideway move or upward
*Final red support line. (Normal pattern)



Blue finger / Purple finger section
After the wave, it becomes the entry point of the long position.

Pay attention to the purple finger section and entry price.


*Breaking the brown resistance line,
Strong overshooting may occur.

In section 1, you can use the Long Trailing stop function,

Depending on the situation, up to section 2 is also possible.


If there is no problem today,
Without break away the red support line
Will support you,

It is not recommended to operate the short position.

(Because the upward trend is strong, see the movement after today.)


The spot exchange,
A peculiar movement took place yesterday.

*With the condition that you do not touch the orange line,

"Bitcoin" only, operate the same


In case of touching or leaving the orange line,
At the red support line, after support

Other altcoins -> Major altcoins
You can operate it.


Thank you.

Oct 21, 2020

Trade closed: target reached

Please Check.

NEW Orange Parallel line / Purple Finger