January 2 Bitcoin Bybit chart analysis

2 Jan 2024

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 11:45.
Nasdaq is in a strong decline.

Today's variable is NASDAQ,
On the contrary, stay safe in dangerous areas for fear of missing the entry point.
I created a strategy.

Tether Dominance is waiting for a short position.
The 1-hour chart signal is a bit disappointing, though.
The beat is on the verge of an upward trend,
The daily chart MACD golden cross is in progress.



*Sky blue finger movement path

One-way long position strategy

1. $45048.5 long position entry zone / stop loss when breaking out of the green support line
2. Long position target range of $47720.5

The convergence section is between the red resistance line and the green support line.
Top, it is a sideways movement within the stop loss range.
If it breaks out of the green support line today
This is not good for long positions after tomorrow.

Just maintain the green support line.
There will be a sea of altcoin fire tonight.


Please keep in mind that my analysis up to this point is merely for reference.
Principle trading, stop loss required
Please operate safely.


thank you
​

3 Jan 2024

Trade aktif

Hello
it's a Bitcoin guide.
I will check the movement after writing the analysis on January 2nd.



This is the Nasdaq 30-minute chart.
Major sections are marked with black fingers.

Light blue finger 16531.4 After long wait
End of extreme horizontal protection
After the downward wave occurred yesterday,
Gap2 retracement -> A vertical decline occurred up to the green support line.

Fortunately, it reached 12+ daily peak.
The broken pattern was restored.
What kind of movement will there be?
We will have to consider them one by one.




Bitcoin 30-minute chart.
Major sections are marked with black fingers.

Sky Blue Finger $45,048.5 in long-holding strategy
Follow the orange resistance line indicated.
Extreme horizontal protection is maintained without breaking out of the green support line.

It was a sideways market with no movement at all.
The strategy is active processing.


After touching the resistance line on the 30-minute chart,
A downward wave is occurring.
Unlike yesterday, from the current location
This is a section where short positions can also be operated.

Overall, under the influence of the Nasdaq decline,
There was no significant movement in altcoins either.
Unfortunately, Stax has not yet been selected for circulatory pumping.

More details will be continued in the analysis article.

See you in a moment.


thank you