January 16 BTCUSD Bybit Chart Analysis

16 Jan 2020

(This analysis was written in the morning.
I think , Determining that all risk areas have been eliminated,
I entered the long position.

Today only operate long positions today.

and ,Notice the blue finger at the bottom.)



Hello,

it’s BitcoinGuide.

It is said to have violated the Trading View policy yesterday.
So I couldn't write an analysis.

24 hour penalty.

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

I will begin BTCUSD Bybit Chart Analysis for January 16th







This is for yesterday.

The price drastically fell, however, it followed the original route.

The price did not fall until the revised entry point.

Accordingly, the wave lacked power to break through the previous high.
And it ended up with drifting sideways.

I entered long position in the midst of time.

I was so tired as I had to give you information.
So I just closed the position shortly.

Congratulations for those who made profits.

Lastly, in the morning, the price went down below the orange supporting line.







This is 4H chart.

The price could not break through the previous high. And MADE Dead Cross is about to come out.

As a whole, the uptrend is strong and,
I previously mentioned several times that the price does not fall strongly when it is on the red cloud.

In order to fall heavily, rather than this signal,
It comes down strong when the price makes a detour and the cloud changes from red cloud to green cloud.

For those who only simply look at indicators,
You should refer to the movement this time and try to understand the entire trend.







Today’s strategy.

As the price broke both high and low,
it is expected to be drifting sideways.

It is long position strategy.

I will make it brief.

Following the arrow, right at or near the smile face line, you would be able to open short position.
If the price touches smile face line, you can keep your long position.
Lastly, you should close the position at the final big smile face line.

I’ve mentioned the final long position entry point.

Also, according to the Bitcoin trend,
It is rather good to operate altcoins other than major altcoins.

I would like to recommend a "POWR" at the Bitcoin long position entry point.
I’ve recommended one item at our chat room.




Hope you have a good day.

In relation to time, I will rest FX analysis.
Please understand.


Thank you.



(Translation
Jae Ho Shin)