November 24 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.

Today is Nasdaq's early closing date,
There is an indicator announcement at 11:45.

I think there are some people who are maintaining long positions at $37,120 yesterday.
I think some people have liquidated it.

From my point of view, it is a one-way long position strategy.

I take full responsibility for the analysis I leave.





*Red finger movement path

Long position strategy

1. Chase buy at $37621.5 / stop loss when the green support line is broken

2. $38458.5 long position primary target -> great section secondary target


The purple vertical line on the far right is,
This is the section where a new main peak is created.
The gap section is the closing price of the futures market.

Also, the green stop loss was done the same way.

From the top section, it becomes a resistance line on the monthly chart.

If there is a strong rebound in the upper tail
It also looks good to operate a short position based on the highest point as a stop loss.

Instead, you can keep raising it with force,
Try it after the candle closes.




finally ,

Easy for investors to see
We are trying to make the analysis as simple as possible.

I have never proceeded carelessly or roughly.

Taking a short position in a rising market is contrarian trading and is very risky.
When you need to go short, of course you also operate a short position.

Rather than going short in a risky position
It is advantageous to hold a long position,

If you try it, you will know,
It is really not easy to make a profit through catch-up buying like today.

It's such a bold strategy, and of course a stop loss is left.

Long Short: Don't just follow it unconditionally,

The support resistance line, target price, and stop loss for each position are as indicated.
Please use this as a reference.



I hope there is absolutely no misunderstanding.

Please note that my analysis is just for reference.
I hope you operate safely with principled trading/stop loss required.



Thank you for your hard work this week, and I hope you all have a great weekend.


thank you

Trade closed manually:

Hello
it's a Bitcoin guide.

This is a movement since the analysis was written on November 24th.

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

Red Finger 16018.9 After long entry
Breaking out of the green support line -> to the light blue support line

Finished after falling to the right
A correction is occurring again ahead of the peak being surpassed.

Because it deviated from the 4-hour center line.
Operating a short position also seems advantageous as it can lead to further declines.

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

Red finger after $37621.5 long entry
Break through the orange resistance line -> Top section up to $38458.5
Unfortunately, I couldn't touch it due to the 8.5 dollar difference.

Because it is possible to modify the stop loss after entering a long

The strategy is manual liquidation.

If you link to the analysis article on the 23rd,
Starting with the purple finger section at the bottom left,
It was connected to a somewhat strong rise.


On the weekend, it is moving sideways after breaking out of the green->light blue support line.

A gap section of $37869.5 was created at the top.


Let's take a holistic look at the movements of Nasdaq.


Please refer to the main sections, and I will see you in the evening.


thank you