January 10 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 is no Nasdaq indicator announcement.
Instead we have the CPI tomorrow.

There is no movement,
It's moving sideways to the right without any waves.
Creating a strategy was tricky.

Through voting, most people focused on long position strategies.
I came with a strategy centered on long positions.

Within the convergence zone of the orange resistance line and green support line indicated above and below.
Please note that this is a position with a high possibility of sideways movement.
This section also has many junctions.


*Red finger movement path
It is a two-way neutral strategy.

Long -> Short switching strategy

1. $44718 long position entry zone / stop loss when breaking out of the green support line
2. 46123.5 Bull short position switching / Stop loss when the orange resistance line is broken

Lastly, if short switching is successful
I think it would be good to proceed with a strategy depending on the movements after tomorrow.
When the support line is broken
Today we used a sideways strategy.

When the green support line breaks out
At the bottom, section 1 -> Bottom section main support line and
I have shown the price.

If it does not break out of the purple support line,
Please pay attention to the light blue finger short position entry section at the top.

Likewise, if you succeed in entering a short position
You can check the purple support line at the bottom -> the green support line.

There may be Nasdaq variables today.
Pay attention to real-time movement

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


thank you

Trade closed: target reached:

Hello
it's a Bitcoin guide.

I will check the movement after writing the analysis on January 10th.

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

Red Finger 16712.4 points
After entering a long position,

Without breaking away from the purple support line
Breaking through the pink resistance line

It finished upward to the orange resistance line.
The main resistance line has not been touched yet.
So far, the atmosphere looks good.

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

red fingers
It was a long->short switching strategy.

Bottom left red finger after entering long position at $44718
46123.5$ short position switching successful

I was planning to proceed with additional entry positions after today.

Short position target section
Touch the green support line and until the final top section rebounds

Even excluding long switching
It turned out absolutely perfect.

The strategy was carried out as expected.

Also, there is a long-awaited altcoin bull market due to yesterday's movement.

After waiting for the reply,
To the Ethereum brothers who were holding their breath
First of all, good movement is emerging.

The main section of the beat is
Due to yesterday's rebound, the 6-hour chart MACD deadcrossed.
It's still in progress
There is a CPI indicator announcement tonight.
We will work hard to come up with an overall strategy.


See you in the evening


thank you