January 15 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.

It is a very difficult place to leave a gap at the top.
There are no Nasdaq index announcements.
Currently there are almost no waves.
It's difficult to understand the movement.

Among the many branching points
I came up with a low-probability step-up strategy.
Instead, there are many key points, so please read it.


*Sky blue finger movement path


Long -> Short -> Long switching strategy

1. $42561.5 long position entry area / stop loss when breaking out of the purple support line

2. Short position switching at $43434.5 / Stop loss when the red resistance line is broken

3. Long position switching at $42788 / Stop loss when the green support line is broken
Section 2 -> Target in the order of the top section.

Today's final stop loss was deliberately set with a generous margin.


Bitcoin is still in the midst of a 5-minute trend reversal.
I would like to recommend that you check the trend reversal and proceed with a long position.

Currently in Tetherdominance
The positive luck on the 4-hour chart is thin, and there is pressure on the MACD dead cross.
There is still an upward trend before it can be dropped in one fell swoop.

Overall, the green support line/orange resistance line convergence zone is
It is a sideways market.

Section 1 at the top is the 1-hour chart resistance line,
This is the short position operation period.
Section 2 is roughly the final target for today.

From the current wave
Pink resistance line -> Adjustment after touching the orange resistance line
The purple finger shown at the bottom
I think it would be good to view the green support line as a switching spot.

Because the support line is not clear when breaking away
You need to be careful because it can be connected to the bottom.


It's a very difficult position today.
If you hold on, it may rise strongly after tomorrow.
Wouldn’t it be better if Nasdaq also rebounds or holds on?

Even if you just maintain the green support line
I think altcoins will see an upward trend.
It's not good to leave.

Especially today, it is a strategy with a very low success rate.
Please keep in mind that my analysis up to this point is for reference only.

Please operate safely with principled trading and stop loss required.


thank you

Trade closed manually:

Hello.
it's Bitcoin guide.
I will check the movement after writing the analysis on January 15th.

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

It was a long strategy with the light blue finger at the bottom, but
Do not come down to the entry point
The green support line is maintained and a downward wave progresses.

As the light blue support line safety zone breaks,
The Bollinger Band is deviating from the center line on the 6-hour chart.

The pattern is broken and the 6-hour MACD dead cross engraving has been completed.
There is pressure on the MACD deadcross on the 12-hour chart.
There seems to be a high possibility of further decline.
We'll take a closer look at it in the evening.

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

Light Blue Finger After entering a long position of $42561.5
Completed extreme horizontal coverage.

Short position operation period indicated above
Pink resistance line: $42,788 -> After touching only $43,132 in section 1
The green parallel line is moving sideways within the support and resistance lines.

As the purple support line is damaged and broken away,
I couldn't touch the gap section right away, but
After touching $42,129 with the purple finger shown at the bottom

Without breaking away from the green support line
Successfully rebounded to section 1
The strategy was liquidated manually.

If only the one wave had come out larger and upward,
It would have been perfect, but it's a shame.
I expected a stepwise rise, but
I didn't have enough strength.

The perspective is the same as yesterday.
Breaking out of the green support line is not good.
I'll leave you with a real-time lifeline and see you in the evening analysis article.


thank you
​

Trade active:

It's late.

Bitcoin 30-minute chart is a real-time lifeline.
Those who maintained a long position of $42561.5 yesterday
We proceeded with the drawing centered on the

Number 3 at the top is the short-term goal range.
Numbers 1 and 2 at the bottom in that order
This is the main support line.

Anyway, I marked it today.
Do not deviate from the light blue support line.
Nasdaq is falling, which may be today's variable.

I couldn't reach it yesterday
I will run hard today based on gap retracement.

See you in the evening analysis article.

thank you