January 23 Bitcoin Bybit chart analysis

Hello

It's a Bitcoinguide.

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Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today.

Since yesterday without even providing a short entry position.
It continues to fall vertically.
Because it broke through the main resistance line in Tether dominance.
On the contrary, the beat is in a stepwise decline.

Now, anyone can see that it is 35.9K Bollinger Band, up to the center line of the weekly chart.
It looks like it will decline.
But it doesn't come down to where we want it to be.
There is also a NASDAQ variable.

Moreover, as the vertical decline continues,
This is a section where there is no room to short and a minimum rebound is needed.
We came up with a niche strategy for that.


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

Short -> Long -> Short -> Long switching strategy

1. Short position entry zone of $39,433 / Stop loss when the orange resistance line is broken

2. Long position switching at $38430.5 / Stop loss when the green support line breaks away

3. Switching short position at $40050 / Stop loss when breaking the red resistance line
Afterwards, it appears to be roughly a long position switching of $39,433 as indicated.

Target long position up to the top section again tomorrow
It looks like short position-centered operations will proceed.

I intentionally did not enter a long position.
When adjustments are made immediately at the current location
(Vertical decline entry zone shown in the 5-minute chart resistance line diagram)
Until today, number 1 displayed at the bottom -> Bottom position

The final falling range this week is $35921.5 at the bottom.

Because it's not over until it's over
Weekly chart MACD dead cross engraving
I will do my best to hold on until next week at the earliest.

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

I hope you 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 23rd.

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

Sky Blue Finger 17266.4 points It was a long-standing strategy, but
Without touching the entry point

It ends after a rebound at the purple support line.

The red resistance line looks slightly upward.
Maintaining an upward trend as it surpasses the previous high point

A 17424.3 Gap section has been created at the bottom.
It looks like there will be direction before and after this section retracement.

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

From Gap 6 that was marked yesterday
After the reversal, the sideways trend continued.
(Gap section during the last upward trend)

Maintaining 35K without breaking away from the green support line
Breaking through the pink -> orange resistance line
The final red resistance line has been reached.

The light blue finger at the top was a short position waiting strategy of $39,433, but
As we reached late in the morning, around 2 o'clock,
Waves and patterns have changed,
I just touched the $40050 target price indicated at the top.

The strategy is manual liquidation.

As expected yesterday, it broke through the pink resistance line.
We need to make room for a short meal.
The movement will be determined by whether there will be a strong decline or an upward trend.
That’s how important today’s direction is, right?

Short-term trading is more advantageous than trend trading.
We will work hard to overcome this difficult situation with you all.

Yesterday, long position was maintained from Gap6 section.
It seems like there were a lot of brave people.
I think it was a very difficult section.

From the current location, the top section becomes the final goal.
The price I explained yesterday is approximately 40.6K, or $40683 to be exact.

For those who are long
Refer to the support line at the bottom
I hope you operate safely.
​

Trade active:

Bitcoin 30-minute chart.
Before there was any movement in the morning, we displayed the main construction sections and prices.

This is the next move.

After touching $40050
The final goal, the top price of 40.6K, was not reached.
It is trading sideways near the purple support line.

The perspective is the same

I'll see you later in the analysis article.


thank you