November 6 Bitcoin Bybit chart analysis

6 Nov 2023

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.

There are no important indicator announcements today.
There is a strong upward trend and there are no problems with the signal.


*It is a two-way neutral strategy when using the light blue finger movement path.

Long -> Short -> Long switching strategy


1. $35,235 long position entry zone / stop loss when breaking out of the green support line

2. $36,411 long position primary target -> Top section secondary target
Short position switching period depending on overshooting / Stop loss when breaking the bright sky blue resistance line

3. Long position switching at $34914.5 / Stop loss when breaking out of the light blue support line


Nasdaq's movements are suspicious for it to rise like this.
There are some uncomfortable parts, so the strategy is to whipsaw according to the conditions.
(Whipsaw)

At the bottom is the $34615.5 gap created last week.
Depending on the movements of Nasdaq, extreme sideways trading may occur.

In the case of a small whipsaw, at the red resistance line
It can come down strongly, so pay attention to sideways markets and small waves.


Please use my analysis as a reference only.

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


thank you

7 Nov 2023

Trade aktif

Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on November 6th.



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

Light blue finger 15136.2 After short entry
The extreme sideways trading ended without touching the bottom 15045.6.

After a new daily candle is created,
The bottom is touched first.




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

After entering long position at $35,235
End of extreme horizontal protection
Unable to break through the pink resistance line
It is trading sideways near the green support line.

There was almost no up and down movement.
Because it moved sideways and broke out of the green support line,
The strategy is active processing.

Please pay attention to the gap section ($34615.5) and the pink convergence section at the bottom.


I'll see you later on today's strategy.


thank you