BTCUSD Bybit Bitcoin Chart Analysis for January 22th

(Sorry.

yesterday ,The translator was busy.
So , analysis could not be uploaded.

Please understand.)




Hello,

“Make it simple, make profit”

It’s BitcoinGuide.

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for January 22th






This is 1H chart.
(I normally use 30m candle chart, however, there was an important movement from this, so I’m using 1H candle chart)

It was long position strategy.

In our streaming, we entered long position right at the entry point of $8,580.

After a suspicious movement came out around 9PM.

And the strategy was modified.

As you can see from the 1H candle chart,
I’ve mentioned the importance of MACD Dead Cross. And it touched the sad face line with the signal and then highly went up with a rebound.

It would have been much better if we could see dead cross signal on daily candle chart.

Currently, we are at the moment where any risky parts are resolved and the wave pattern seems positive.

I also mentioned that you can operate short position shortly.
And in terms of minor Altcoins, there were much profits (some of them went over 100%).

If we see a heavy rebound from this point, then it would be major Altcoins that we should operate.

I’ve indicated several times that you should not chase the market price.
And you always should cope with the trend.

Do not be greedy.

Also yesterday, I’ve mentioned that I always think of the investors as a whole when I recommend the strategy.

Eventually it was a rebound yesterday.

For those who entered short position must have been very surprised for the heavy rebound.

So that is why I always concentrate on explaining the simple way of analysis for all of us.

Do not depend upon the price point, however, always remember to understand the situation and cope with it in real time basis.

And lastly congratulations for those who made profits.






This is daily candle chart.
We now see a new candle and you can also see the Weekend CME Gap.

As you can see below, MACD Dead Cross is waiting.
However, do not be scared of this simple indicator.

If you see on each timeframe, you won’t have to be scared of the future.

If Bitcoin goes down below again, there will be circulation of profit-making among minor altcoins.
Whereas, if we see a rebound until the Weekend GAP, then we’ll se a rise in major altcoins.

You should always remember to cope with it in advance.
And I have already entered major altcoins.






Today’s strategy.

It is 30m candle chart.

I believe yesterday’s rebound was very meaningful.
And I made a strategy which brings about a possibility of going up until Weekend GAP.
And this is based on 30m and 1H candle chart’s red clouds.

It is long position strategy.

Please refer to long position entry timing and price point.

You can also check out red finger pointers as a bonus points.

If the price seems hesitant to go above the green parallel resistance line, you can enter short position with a stop loss.

But I will only use long position today.

And today, I believe there are not much chance that the price will breakout the supporting line of green parallel line.

So I will be waiting for another long position chance.

If the price breaks the bottom part of daily candle chart,you can consider the possibility of drifting sideways. And you can close your position according to your taste.

This is it for today.

Thank you for reading this.





(Translation
Jae Ho Shin)