January 17th BTCUSD Bybit Bitcoin Chart Analysis

17 Jan 2020

Hello,

“Make it simple and make profit”

It’s BitcoinGuide.

Don’t forget to “Follow” me and press “Likes”.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for January 17th







This is 30m candle chart for yesterday.

I’ve explained on live so I think I don’t have to explain everything.

We saw entry timing right at the position.

However, there was a risk signal.
And we lacked power for the wave pattern.

It ended up with slow uptrend.
It was $200 profit at maximum.

Congratulations for the profits.

Minor altcoins tend to have movement when Bitcoin is at danger zone.
Yesterday it was not that dangerous.
So we are still waiting for the moment.







This is daily candle chart.

It left long tail and the new candle is made at the top part.

I made strategy based on this fact.







This is 30m candle chart.

I will try to be more brief and precise.

It is long position strategy.

To sum up,

Please refer to long position entry timing and price point.

Please check the price movement at the small & big smile face line.

In case you enter at the first long position entry point, please put stop loss below green parallel supporting line. And cut it when it breaks down with an additional candle.

It will be very rare but if it goes down,
Please check out the blue finger pointer as a bonus point.
Do not enter short position.

For today, try to operate major altcoins.
(Both Bitcoin Cash and EOS)

I know most of you are interested in minor altcoin picks.

If the price strongly goes up until tomorrow morning(Before CME exchange closes)

After the correction period during weekend, and Bitcoin price reaches purple supporting line below, please carefully look at Power Ledger.

Today I will analyze FX Margin and Overseas Futures Analysis in the afternoon.

Thank you.



(Translation
Jae Ho Shin)