January 8th BTCUSD Bybit Chart Analysis

8 Jan 2020

Hello,


it’s BitCoinGuide.

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

I will begin BTCUSD Bybit Chart Analysis for January 8th







This is 30m candle chart for yesterday.

It lacked the wave power,

But the route was correct.
I’ve indicated the entry timing with vertical red line.
And the price went up strongly.

It’s about $730 profit.

I also recommended altcoins which are Bitcoin Cash and Bitcoin SV.

Both in total had 10% profit.

(The reason I recommended Bitcoin Cash, and Bitcoin SV will be found out this week)

Congratulations for those who participated live streaming yesterday.







This is weekly candle chart.

We have reached the middle line of Bollinger band and mid term trend line.

We have MACD Golden Cross waiting.

We are about to break out ‘blue cloud’.
And there are a rule based on the middle line as there is one candle made in a week.

I brought a strategy based on this factor.







This is 30m candle chart.

When the trend comes out strong early, it is very hard to analyze the chart.

It took me for a long time.

I will be brief.

First, the uptrend is very strong. So I indicated a strong pattern
(breaking out 30m candle / 4H candle parallel lines)

Based on route A, if a shooting comes out, there will be a short position entry point.
(If there is a tall shadow)

In route B, I believe there will be two long position entry points like yesterday.

If Bitcoin starts correction and supports well,
There would be successive rise in altcoins.
Hope you cope well with it.

Also please check out bonus points.

As a whole, there are 2 scenarios, one with correction, and the other with strong rise and short position entry.

In case of route B, we might face slow uptrend.

Also please keep in mind it would end up drifting sideways as the price continuously rose for a moment.

This is it for today.

Thank you.



(Translation
Jae Ho Shin)