BitCoinGuide

January 26 Bitcoin Bybit chart analysis

Long
BitCoinGuide Updated   
BYBIT:BTCUSD.P   BTCUSD Perpetual Contract
Hello

It's a Bitcoinguide.

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The strategy was late because the trend continued to emerge.

Bitcoin 30 minute chart
This is a section where drawing is impossible.

The upward trend continues
Looking at today’s tether dominance conditions,
We implemented a long position strategy due to the possibility of a vertical decline.

*Red finger movement path

One-way long position strategy

1. $41249.5 long position entry area / stop loss when touching $40937 at the bottom
2. $42489 long position 1st target -> Good 2nd target -> Great 3rd target

Analyzing up to the weekend on one screen
There is not enough space above and below.
When it breaks through the Great or exits the Bottom, please check the main price by dragging.
And, the Great section is where the mid-term downward trend is broken.

Because of the sudden rise
If a full candle is created and it breaks out of the green support line by the end of the week,
It may fall strongly.

I don't know how far this rebound will lead.
As explained today,
The weekly chart MACD deadcross may remain connected until the Lunar New Year.

You said you wouldn't give me a seat if I opened my mouth at the bottom, right?
Charts are best selected in real time depending on real-time movement.

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

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


thank you
Trade closed manually:
Hello
it's a Bitcoin guide.
I will check the movement after writing the analysis on January 26th.


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

Sky Blue Finger 17370.7 In long-waiting strategy
Do not come down to the entry point

Gap retracement completed at the top 17521.4 target price without touching
It went down to the green support line.

Purple support line -> Orange resistance line -> Green support line
With the end of extreme horizontal protection,
A new gap section was created, but
The reversal was completed immediately.

After the recent sharp rebound in the Nasdaq trend, after a sharp decline
There is a lot of play around the previous high point due to the sideways market.

The pattern is partially broken
There is pressure on the MACD deadcross on the 12-hour chart.
There is a danger signal going on without a plunge.
That means the upward trend is strong, right?

I will explain more details in the afternoon analysis.



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

The purple finger section at the bottom left is $39,726.5.
After entering the long position for the first time, the sideways trend continued for two days from the 24th.
Ultimately, an upward trend was established.

For more details, please see before the movement begins.
Continue with real-time comments at the bottom of the analysis post
I've summarized it for you, so I think it would be a good idea to check it out.

During an upward trend
In the analysis post on Friday the 26th, the red finger is $41,249.5
It was an additional long position strategy.

The stop loss was set tightly in a position where drawing was impossible.
When a rising wave appears, touch the stop loss once.
Because the rise is connected
I want to sum it up as perfect, but
In good conscience, I proceeded with manual liquidation.

After entering a long position, maintaining or re-entering a long position
It was a section where it was possible to achieve profit.

Without breaking away from the green support line
After reaching the red resistance line of $42,489 in the top section,
It's finished.

41961 new gap sections were created over the weekend.
As new weekly and daily charts are created,
It has been moving sideways since the reversal.

I think the pressure from the MACD dead cross on the weekly chart will continue.
I think you will have to watch both ways until February 12th, which I explained.
Of course, the 35.9K support line also depends on the shape of the center line.
It changed to an upward section.

More details will be provided in the afternoon analysis article.

Have a nice Monday start
Fighting today too

thank you
Trade active:

Bitcoin 30-minute chart.

I have summarized the main construction sections.
I think the green support line section will be about 1+4.

There is pressure on the MACD deadcross on the 4-hour chart.

Purple parallel line strong uptrend condition
In case of breakaway, section 1 -> section 2 is the support line.
I think it would be good to use it in real time.

See you in the afternoon analysis.

thank you
Trade active:

Bitcoin 30-minute chart real-time movement.
After touching the purple support line, the rebound is maintained.

Even the MACD deadcross was engraved on the 4-hour chart.

I'll explain the details in an analysis post right away.


thank you

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