January 4 Bitcoin Bybit chart analysis

4 Jan 2024

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is an indicator announcement today around 10:30.
As expected, what I'm most worried about is Nasdaq.

In the case of bits
The MACD dead cross on the 12-hour chart is not engraved.
Looking at the tether dominance pattern
It seems like it can be ignored.

I will explain the details later.


*Sky blue finger movement path

Long position strategy, or short position depending on the situation


1. $42831 long position entry area / stop loss when breaking away from the purple support line

2. Long position target in the $45,016 top section / stop loss when the red resistance line is broken

Section 1 at the top is the wave section for entering long positions.
The orange resistance line of $44393 is a sideways trend.
When breaking out of the purple support line,
Green support line section 2, $42213.5, is a safe zone.


Because even the bottom double bottom section remains
Please refer to it

As long as the Nasdaq doesn't crash
It's a good enough place.
Today, the beat is operated in a reasonably safe manner.
I'll have to buy an altcoin or something.

Please keep in mind that my analysis up to this point is merely for reference.

I hope you operate safely with principled trading and stop loss required.


thank you

4 Jan 2024

Trade aktif

Oh, I'm still here to guide you.
I raised the purple finger entry point a little.

please note.

5 Jan 2024

Order dibatalkan

Hello
it's a Bitcoin guide.
I will check the movement after writing the analysis on January 4th.




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

After entering the light blue finger short,
There was a rebound once, but
Failed to break through the pink resistance line (short entry position in the central line section explained)
It ended up going downhill.

A new gap section was created, but
There was a reversal.

Until yesterday, I had hopes for the recovery of the daily chart's central line, but
As it fails, the likelihood of further declines increases.
We will discuss the details together in the evening.




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

Sky Blue Finger $42,831 long position was a waiting strategy, but
It rises without adjustment in section 1.

Since there was no touch at the entry point, the strategy was cancelled.

As it rises without wavering
Unable to reach the top section,
There was a decline up to section 2 as indicated.

As a result, what I explained yesterday
It ended at the sideways section within the orange resistance line/green support line.
There is pressure from the MACD deadcross on the 12-hour chart.

One thing you need to remember here is

Without basic waves, don't ask long or don't ask short.
It's back to its original place.
It is good for your health to throw away these places without any hesitation.

The perspective is similar to yesterday.
In case of support while moving sideways to some extent
This means that good movements can occur in altcoins.
Instead, if it breaks out of the green support line
There must be a double bottom waiting for you at the bottom, right?

Yesterday’s analysis once again
Please refer to it and see you in the evening analysis article.


thank you