November 2th BTCUSD Bybit Chart Analysis

2 Nov 2020

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for November 2th .










This is a 30 minute chart created last week.

It was a long position strategy.

To be precise,

After breaking through the previous high,
It was a short position switching strategy.


Section 1 -> Section 2

Entering a long position.

Because the downward wave was stronger than expected,
On Friday, the upward-right sideway move finish.


Touching the purple section on the weekend,
($ 14113.5)
Accurately, the short position entry spot came out.


Congratulations to all the profitable people.










Today, XBTUSD Bitmax,

It is a monthly candle chart.



Bybit is,
Because the history is short
I brought a bitmax chart.


The highest section is 20165 dollars.

I have marked each major section.


*At your current location,
A strong uptrend when breaking through the purple section.

*The orange line is the bottom section of the candle in November.

*As the final target,
It becomes the blue section,

If a week's candle resistance breaks,
There may be a strong bullish trend.

If you can't break through,
Adjustment will come out,

I have come up with a trading strategy focusing on this part.








This is today's trading strategy.

This is a 30 minute chart, short position strategy.


To be precise
Short -> Long switching strategy.

There is a high possibility of sideway move going.



I have marked each major section.


* Within the convergence section of the green resistance line / red support line, made a strategy.

If leave this section,
A strong trend comes out.

(If you support within the sky blue support line
Sideways guarantee)


1. Red finger section on the top left.
$13867, if you can't touch
Falling strongly.

Breaking the green resistance line, trading strategy fails.
(Returning, waiting for a long position at the support line.)


2. Sky blue support line at the bottom, check if it deviates

3. Under the condition of not break through the green resistance line
Short position.

4. As a condition of supporting the red support line,
Long position operation

On the spot exchange, the " Ethereum " movement looks good.


Last week, Bitcoin Cash was not good.


The advantage of my analysis article is,
With a 30-minute chart, real-time replay is possible.


Check the position movement in real time
I hope you operate safely.


Thank you.