November 4 Bitcoin Bybit chart analysis

เมื่อวานซืน

Hello
It's a Bitcoin Guide.

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This is the Bitcoin 30-minute chart.
The Nasdaq indicators will be released shortly at noon.
Due to the end of Daylight Savings Time, we need to move back an hour from the previous chart.

Based on the pattern, the weekly chart reached the Bollinger Band support line,
which is a major support line.
However,
there's also pressure from the MACD dead cross on the monthly chart,
and the possibility of a Nasdaq coupling appears high during a decline.
So,
I developed today's strategy centered on the Nasdaq's lower gap retracement.

*When the red finger moves,
this is a conditional long position strategy.

1. Confirm that the purple finger touches the first section (autonomous short).

$103,375.7 long position entry point / stop loss if the light blue support line is broken.

2. $108,010.4 long position primary target -> Target prices are set at Top, then Good in that order. If the strategy is successful, 106.8K will be the point where you can re-enter a long position.

If the price falls immediately without touching the first point at the top, then the second point is the final long position.

The second point is a double bottom based on the low of this uptrend.

Based on the lower tail, the price is open from the bottom to 98.5K.

It would be wise to prepare for a failure of the Nasdaq decline and rebound.

Please use my analysis to this point for reference only.

I hope you operate safely, with a strict trading strategy and stop-loss orders.

Thank you.

เมื่อวาน

ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน

Hello,
It's a Bitcoin Guide.

I'll check the movement since the analysis was written on November 4th.



This is the Nasdaq 30-minute chart.
I've marked the key areas with black fingers.

Yesterday, the strategy involved entering a short position at the top with the light blue finger,
and then switching to a long position near Gap 5.

After touching the light blue finger at point 1,
it continued to point 2 -> Gap 5, and then adjusted near the bottom before closing.

Today, a new daily candlestick was created, and the price has fallen to point 3 and is now moving sideways.

Yesterday's movement
repeated the Nasdaq's medium-term pattern,
and the MACD death cross has been imprinted on the daily chart.



This is the Bitcoin 30-minute chart. I've marked the key areas with black fingers.

In the red finger long position strategy,
after entering a short position at the top (purple finger 1st section),

the price reached $103,375.7 at the bottom, and

after breaking through the light blue support line at the second long position switching section,

it was pushed back to the bottom.

The strategy was to cut losses.

The top section (1st section) was the best short entry point,

and a double bottom was expected at the final section (2nd section),

but as expected, it coupled with the Nasdaq,

and fell sharply before rebounding.

I tried to figure out the direction, but the Nasdaq is in chaos again.

As I explained yesterday,

the current position is the major support line on the weekly Bollinger Bands,

and since the weekly candlestick is valid for one week,

it would be good to watch to see how the price moves this week.

From the current breakout, there will be pressure from the MACD dead cross on the monthly chart, so please be careful. Good luck today!

Thank you.

6 ชั่วโมงที่ผ่านมา

บันทึก

Hello,
It's a Bitcoin Guide.

I'll check the movement after writing the analysis on November 5th.



This is the Nasdaq 30-minute chart.
I don't write separate analysis articles,
but I did check the patterns and trends for this Bitcoin analysis.

If you look at the black fingers,
the market opened in the first section, and at the noon indicator release,
it touched the top section with a strong upward movement and closed.
It is currently moving sideways.

Based on Bollinger Bands, it reached the center line of the 4-hour chart, but with the intermediate-term pattern broken,
it first touched the lower Bollinger Band and is moving sideways.
It looks like further upside or downside will be determined until dawn.



This is the Bitcoin 30-minute chart. I've marked the key sections with black fingers.

In the red finger long position strategy,
after touching the first section (purple finger) at the top,

unfortunately, the long position entry section (marked with a red finger at the bottom) reached the top section target price without touching the $101,939.7 entry point.

After that, the price corrected and moved sideways.
If all goes well, there seems to be a possibility of a rebound from the current long position re-entry section (section 1).

I'll take a closer look at the overall situation.

Since the entry point was not touched, the strategy has been canceled.

I'll proceed quickly today.

Thank you.