October 30 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

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If my analysis is helpful,

Please would like one booster button at the bottom.

Bitcoin 30-minute chart.

There are no important indicator announcements today.
At the bottom, a gap of $33,849 was created last week.


*Red arrow movement path

It is a one-way short position strategy.
To be precise, it is a long -> short -> long switching strategy.

Since it is unlikely that all movements will be correct today,
Please be sure to use this as a reference only.


1. Chase buy at $34471.5 / Stop loss when the green support line is broken

2. $35620.5 long position primary target -> Old Gap2 secondary target
Short position switching / stop loss when brightly colored resistance line is broken

I was aiming for the upper tail short entry section.
If it ends in the top section, a sideways upward trend is expected.

3. Long position switching at $33715 / stop loss when the deep blue support line breaks away


Please note that my analysis up to this point is merely for reference.

In the case of the green support line,
Because it intersects with the main center line
From a long position perspective, it is most important not to break away.


Until here, don’t forget the principle trading/stop loss required.

I hope you operate safely.


thank you

Trade closed manually:

Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on October 30th.

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

Light blue finger 14300.3 after short entry
Completed extreme horizontal coverage.

There was no separate indicator announcement yesterday.
It ended without much movement.

I could not touch the resistance line on the Bollinger Band 4-hour chart.
A gap section remains at the bottom.

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

After entering the red finger $34471.5 long position
Red resistance line -> extreme horizontal protection ends within the green support line

I came up with a two-way whipsaw strategy.
It ended without much movement.

The strategy is manual liquidation.

The perspective is the same as yesterday, from the point of departure from the green support line,
This is not good for long positions.

Please check the Gap retracement range of $33849 at the bottom.

There is an important indicator announcement today,
Let's solve it together in the evening.


thank you