BTCUSD Bybit Bitcoin Chart Analysis January 10th

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I will begin BTCUSD Bitcoin Chart Analysis for January 10th






This is 30m candle chart for yesterday.

I’ve wanted to enter following route B, however, it did not come out as I wanted.

I ended up with a slow downtrend.

As you can see, the downtrend signal is at the red arrow pointer.
The price slightly went up at the entry point for blue arrow pointer, however, we came back where we were now.






This is daily candle chart.

It’s been a long time to see red cloud at daily candle chart.

However, it is about to change into blue cloud again due to this correction.

Also, MACD Dead Cross is about to come out.

I brought strategy based on this.






This is 30m candle chart.

It is long position strategy.

Today the parallel line width is very tight.
So the routes may seem very dizzy.

To briefly explain,

1. Please refer to route A & B with long position entry timing with each price point

2. Route A : Check long position entry point and whether the price goes down below orange trend line / If it does, please follow route B
Carefully watch the price goes above parallel resistance line. If it goes above smile face line, it is safe zone.

3. Route B : check the price does not go down below parallel supporting line of $7,677 with an additional candle / If it does, call it a day with no position.

This is it for today.

Please remember route A & B with each bonus point with finger pointers.

Yesterday, as Bitcoin reached danger zone, Altcoins started to react.

At long position entry timing of Bitcoin,
You can also enter Bitcoin SV / Bitcoin Cash / EOS at this sequence.

Target point is between 8~15%.
Move on to next one if TP is met. And this is only when Bitcoin does not break out its highest record of $8,463.

When CME exchange is closed, it is hard to give you information but you can also enter other Altcoins too.

Hope you have a good day.

I will come back to you in the afternoon.

Thank you.



(Translation
Jae Ho Shin)