January 7th BTCUSD Bybit Chart Analysis

7 Jan 2020

Hello,


It’s BitCoinGuide.

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

I will begin BTCUSD Bybit Chart Analysis for January 7th







This is 30m candle chart for yesterday.

I’ve checked the blue converging section.

I told you not to open short position.

As the price went down below the orange trend line, you can check out the final long position entry point at the blue finger pointer.

After, the price went up drastically after additional daily candle is created.

Congratulations for those who made profits.







This is daily candle chart.

The price perfectly broke through “blue cloud” and it is turning into “red cloud”.

As I explained yesterday, the price at daily candle chart today has much more possibility to rise compared to that of yesterday.

As the price in every timeline touched the resistance line of Bollinger bands, the price drastically rose.

Today, I brought a strategy based on this.







The trend already came out.
So I simply made the analysis.

It is long position strategy.

The trend has much chance of showing a big trend from today to tomorrow.
So it is very dangerous to take short position.

Today it is very important to see where to catch the long position.

Some correction is on-going.

And today it is Tuesday when there are much variables.

Already, the cloud has turned into “red cloud” in 30m/1H/4H candle charts.

So based on this uptrend, you can take long position.

And it is recommended to cope with long position at the final entry point of $7,688.

I don’t know whether the price would fall down to this level. But carefully look at the price in real time basis.

When you take long position, you can also buy BitcoinCash, and Bitcoin SV simultaneously.

Hope you have a good day.

I will come back to you with FX Margin , overseas furtures trading in the afternoon.

Thank you.



( Translation
Jae Ho Shin)