BTCUSD Bybit Chart Analysis November 20

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for November 20th .

This is a 30 minute chart created yesterday.
It is summarized by real-time comment.


For the 4-hour chart MACD dead cross,
It was a strategy for rebound -> adjustment, but

The adjustment was stronger than expected.

At the top left, from the red arrow
Up to the orange support line,
A strong Down trend has occurred.


After Orange support line rebound,

The final short position target is not reached,
It is going sideway move.



Yesterday, Ripple and Bitcoin SV took a good move.

Congratulations to all the profitable people.

6 hours chart.

MACD dead cross is waiting at the bottom.

Main on the convergence section of the red resistance line / light blue support line,


Movement is important today.


I came up with a trading strategy focusing on this part.

This is a 30-minute chart, short position strategy.

(While writing the analysis , A rebound came out.
Please check to the newly marked, purple arrow section.)

Short -> Long switching strategy.


Green resistance line / red support line convergence , It seems that the direction will be decided.

Overall today,
It seems difficult to break through the green resistance line.

*If you support within the red support line
Side way move / 6-hour dead cross check.
*Strong adjustment in case of deviating from red support line.


There are two paths.


Check the main section and entry timing for each.




It is today's altcoin.

Perhaps, in the direction of the purple arrow
It is highly likely to proceed.

Only in the long position entry section,
Ripple operation.

Bitcoin SV
You can proceed with overshooting and Short-term trading.


See you in the Nasdaq analysis in the afternoon.

Thank you.

Comment:

Trade closed: stop reached:

Trade active:

Trade closed: stop reached:

Trade active: