January 31 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is an FOMC indicator announcement at 4 am.

It seems 99% certain that the US interest rate will be frozen at 5.50%.
It was the same as in the last indicator announcement, but ended in a sideways trend.
Today we focused on chart patterns and waves.

I'll leave you with the market situation in the morning.
The purple finger shown at the top is $42,914.5
I am entering a short position in section 1.

Bollinger Band 4-hour center + 6-hour center simultaneous touch
The pattern is broken
6-hour chart MACD deadcross in progress
Nasdaq is a section that can be connected to a vertical decline if circumstances arise.


*Sky blue finger movement path

It is a two-way neutral strategy.
Long -> Short switching strategy

1. $42224 long position entry zone / stop loss when breaking out of the green support line
2. Switching short position at $43369 / Stop loss when breaking the red resistance line

I think the profit price of the short position will be approximately $42914.5.
Tomorrow morning, we even proceeded to connect the long position switching positions.

The green support line can be pushed strongly.
I would like to recommend that only brave people use it.

This is a strategy that expects an upward wave from the current 5-minute trend reversal.

For those who are short in section 1,
I think it would be a good idea to operate with a stop loss when the orange resistance line is broken.

Here the variable part is
If the purple parallel line rises without breaking away
You can rise to the top
When the green support line breaks away, it bottoms at the bottom -> up to $39,923.
It may decline.

Because the MACD deadcross on the weekly chart continues to press down.
Because the level of difficulty is high,
I recommend short-term trading with a short stop loss rather than the trend.

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

Please 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 31st.

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

Red finger 17267.1 after long entry
Light blue finger 17303.9 short switching

It ended in a downward trend to the right without touching 17082.7 at the bottom.
FOMC interest rate announcement was frozen
There was a big wave once, but
A sideways market without any significant movement.

A 17158.4 Gap section has been created at the bottom.

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


Yesterday was a long->short switching strategy.

As indicated, $42224 light blue finger long position ->
It was a short switching of $43369.
Unfortunately, it doesn't come down to the entry point.
It rose to the top range without breaking away from the purple support line.

Afterwards, it takes a detour and creates a strong downward trend.

The long entry point touch failed, but
From the top section to short entry, the movement is as expected.

The strategy is manual liquidation.

NASDAQ bottom gap section and
Bitcoin 12-hour chart MACD deadcross pressure
I'm shaking it mercilessly this week.

Everyone in their respective positions
Please operate safely through principled trading.


thank you