October 21 Bitcoin Bybit chart analysis

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

Bitcoin 4 hour chart

Today's approximate top price and bottom price are displayed.
The downtrend continues on the Nasdaq.
Bitcoin is also open on the downside.

in the present situation
It is best to somehow maintain the green support line.

If not,
There should be a V-shaped rebound on the Nasdaq.
So far, from the perspective of long positions in terms of patterns and flows,
Not very good.

created after 7 p.m.
Pay attention to the Nasdaq 12-hour chart support line.

Bitcoin is also in a downtrend.
-> Because I touched the 3 hour chart support line
After the Nasdaq broke the green support line,
If there is no V-shaped rebound

$18398.5 following the last uptrend line
It can keep going down.

Please note

Based on the above, we have created today's trading strategy.

Bitcoin 30 minute chart.

Arrow movement path long position strategy.

What I suddenly realized while analyzing today
I thought that if I analyzed like this every day in the future, I would not be able to live long.

I always feel it, but I don't think it's easy.




* When the red arrow moves

1. $18980.5 long position entry section / Stop loss when breaking the green support line

2. $19193 short position switching section / Stop loss when the purple resistance line is broken

3. 18953.5 USD long position switching / Stop loss when the green support line is broken

The final long position target is $19411.



The light blue finger at the bottom can go down if there is a correction on the Nasdaq.
It's the final match.

If it fails to rebound, it drops to around 18407.5 USD in a downward-right direction.
I think the upside and downside will be divided on the weekend.


It's a very difficult place.

I don't want to think too much about breaking the green support line.
Perhaps the Nasdaq will come down again.

personally
If there is no breakout from the green support line or no V-shaped rebound today.
Next week, we will take a break for a few days and operate with ease.

This is a choice to provide better information in the future, so please understand.



My analysis is for reference only.

We hope that you operate safely as a principle of trading / stop loss is essential.


thank you.

Trading ditutup: target tercapai:

This is the move after the Nasdaq analysis.
I marked the main sections with black fingers.

Ends after rebounding to the right without breaking the green support line

It reached the maximum 501.1 point profit zone / the pink resistance line indicated.
It even showed the retracement of the gap section that occurred over the weekend.

Last week was a dangerous section.
As the rebound was successful, the breakout progressed to the center line of the daily chart.

This is the movement after writing the Bitcoin analysis article.
I marked the main sections with black fingers.

An attempt was made to break away from the green support line.
A strong rebound followed the Nasdaq.

$18973.5 long -> $19193 short -> $18953.5 long
Successful rebound to the indicated Good price

That's about $1,000 round trip revenue.
Congratulations to all who made a profit.

It was difficult last week, but I think I was lucky enough to succeed.

Strategies take advantage of
There is a gap price of 19,142 dollars at the bottom.

I'll take a look at the whole

See you later in the analysis article.


thank you