BTCUSD Bybit Chart Analysis for January 6th

Hello,

“Make it simple and make profit”

“BitCoinGuide”



Hope you had a great weekend.

Please don’t forget to “Follow” me and press “Likes”.

I will begin BTCUSD Bybit Chart Analysis for January 6th






This is 30m candle chart for last week.

I’ve indicated the red pointer.

I explained how to cope with short position for those who lost chance to enter long position.

I’ve updated an idea too.
And with precise point, the price fell $156 and ended up drifting sideways.






This is daily candle chart.

Due to last week’s movement, the Bollinger band’s width is getting tight.

And we are at position where the price is about to touch the resistance line.

I’ve brought the strategy based on this idea.

For those who recently got to know my analysis, or don’t know about it,

I do not focus on day or swing trading.

Recently, the daily candle Bollinger band’s width became tight and the price is touch up and down the resistance & supporting line.

In fact, I focus on the trend.

From today, it is okay to operate Bitcoin + Altcoins simultaneously.

This is the great advantage of Bitcoin.
As I mentioned in my educational videos,
It is now time to catch three birds with one stone.






This is 30m candle chart for BTCUSD.

While I was writing, the trend appeared.

So it took for a while to rewrite the strategy.

The price in daily candle chart touched the resistance line once.

I am writing the analysis based on 30m candle chart for those who are trying to newly enter the market. And it indicates route, entry timing, and danger zones.

But for those who trade in mid & long term basis can do the trailing to continue profiting from the trend.

Now I will briefly explain.

It is uptrend. So I brought only route A.

The trend already came out and it is very strong.

The power still remains and might go up once more.
I’ve indicated the maximum price point with smile face line.

Today, I indicated entry points for the trend.

And it is more profitable to only operate long position as a whole.

I shortly entered short position.

And the reason is due to daily candle chart.

Also, the weekly CME Gap is already filled right after the market is opened, so the uptrend might continue.

For Altcoin, I recommend Bitcoin Cash and Bitcoin SV (After the correction).

Hope you have a good day,

I will come back to you with FX Margin trading and overseas analysis.

Thank you.




(Translation
Jae Ho Shin)