BTCUSD Bybit Chart Analysis October 17

17 Okt 2022

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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 17.





Bitcoin 4 hour chart

Today's approximate Top and Bottom prices are displayed.

There are no signs of danger at all.
The pattern is also well maintained with an uptrend.

Again, Nasdaq is the problem.

The bottom is connected below the green support line.
Exactly with last week's moves
The upper and lower parts were divided.

at the center,

Check the upward red movement path and the downward light blue movement path


I made today's trading strategy.





30 minute chart arrow one way long position strategy.
Depending on the real-time strategy, some positions have been changed.

Because we succeeded in rebounding the lower tail last week
In the case of the beat, up to today's Bottom is not a bad position from a long position standpoint.

There is also a support line coming up at the bottom,
There are no significant indicators.
Nasdaq 12 + daily chart MACD Golden Cross is in progress

The pattern is alive, there are no dangerous signals
I have to take long.

If it is a normal movement, it should continue to rebound to the right.

After a V-shaped rebound in the CPI last week,
Unless it's the Don't Ask drop that came out on Friday.



* When the red arrow moves

long position strategy

1. 19336 long position entry section / Stop loss price when departing from the green support line

The main resistance line and target are marked at the top.
Please note

The orange resistance line is the upward crossing section / the danger zone when the green support line deviates / the bright blue support line is the downward right sideways section.

If you are short-term traders, you may want to target the area near the red resistance line.

displayed up to the maximum.

The Nasdaq movement is the most important, so please refer to the movement.

My analysis is for reference only.


Principle trading / Stop loss is essential, I hope that you operate safely.


Thanks for reading.

17 Okt 2022

Trade aktif

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

Following the pink parallel line
right-hand finish

You have reached the marked Top section.
There is a bottom gap.




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

Along the purple parallel line
The right-hand side is finished.

There was no big rise in the Nasdaq.
The pattern is not broken and even touches the pink resistance wire.
It has been moderately finished.

After the long entry of 19329.5 dollars, it is the maximum profit section of 333 dollars.

Strategy is active processing

Let's take a look at the Nasdaq movement as a whole.

thank you