November 29 Bitcoin Bybit chart analysis

29 พ.ย. 2023

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 10:30 tonight.

The beat is in a downward wave as it has slightly surpassed its previous high point.

Although it bounced more than expected,
I will proceed with the strategy following the final short position in the morning comment.


*Sky blue finger movement path

Long position strategy

1. $37812.5 long position entry zone / stop loss when breaking out of the green support line

2. $39266.5 long position primary target -> Great secondary target

I haven't touched the monthly chart yet,
I won't go short because I'm afraid of the upward trend.
Clearly, I don't think reverse trading is for me.


And today, the orange resistance line/green support line convergence zone is a sideways trend.

In case of departure from the green support line,
I left a light blue support zone at $37349 at the bottom.

I hope you make good use of it in each long and short position.


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

6 principles of trading / Operate safely with stop loss required


thank you

30 พ.ย. 2023

การซื้อขายยังคงดำเนินอยู่

Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on November 29th.




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

Red Finger 16047 It was a long waiting strategy.
Touch the high point at the top,
It was directly connected to the downward wave.

The purple support line indicated -> is breaking away from the green support line.

I explained it yesterday because I felt uncomfortable.
The daily chart Bollinger Band resistance line was far away.
As MACD Deadcross presses,

A whipsaw-like movement appeared.


This movement is also possible from a short position perspective.
Because it is before it is connected to a strong upward trend.
It's also difficult to get a place to enter.

If you are not short all the time, it can be a risky gamble.
It's a position I don't like.

Ahead of reaching the highest point, the battle for position is fierce.
What kind of movement will come out at the end of November?
Let's look at it overall.




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

Sky Blue Finger $37812.5 long position was a waiting strategy.
As the green support line is damaged
It's holding up well.

The strategy is active processing.

In case of sideways movement, about candle breakout
There is controversy.

As candles move in real time
Because the movement cannot be performed accurately.

Whether the Bollinger Band has broken out of the main support line and
You can see whether the support line at the bottom has been touched or not.
It will be easy to judge.

If so ,
It looks like the green support line is maintaining well without breaking away, right?

Also, yesterday there was a coupling with Nasdaq.
In double top conditions, taking a short position at the highest point is a gamble.

If you operate a short position,

After adjustment from the highest point ->
In the weak rebound that comes after touching the central line of the Bollinger Band,
Based on stop loss when breaking the previous high point
It is best to take a short position.

There was no strong rebound immediately, but
I'm glad it's holding up well near the entry position.

Danger signals such as MACD dead cross on the 4-hour chart continue.
I'm pressing it.

If you operate safely by requiring a stop loss in each position,
I hope so.


As a bonus, if it exceeds $38073.5, the short-term downward trend will stop.


See you in the evening


thank you