BTCUSD Bybit Chart Analysis December 8

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 8th .

Recently continued, boring sideway move.

Privately yesterday,
This is only available to some members.

I marked the section 1 and 2 at the top.
The difference was about $20, couldn't touch it.

Afterwards, the downward-right sideway move ended.

And , the downtrend did not come out much.


I'll summarize this part.

It is a move that occurred yesterday.

3 hours chart.
At the top, touch the Bollinger Band resistance line -> Touch the support line.

3-hour chart Bollinger band resistance line,
within support line The move is finished.


In the pattern,

It will be a 1:1 ratio.


However, yesterday I explained that it was a downward advantage.

I'll tell you why.

It is a 4 hours chart.

Based on the Bollinger Band,

Yesterday ,

After touching the support line -> I could not touch the resistance line.

4 hour support line VS 3 hour resistance line
Therefore, the downtrend is stronger.

Every little pattern,
It will make a big wave.


This is very important.

if so ,

You can simply organize it.


Newly red parallel line, Was created.


Based on the resistance line at the top,

Uptrend upon breakthrough

If you can't break through,
There is a downtrend.


Is it easy?


Focusing on this part, I have come up with a trading strategy.

30 minutes chart, neutral strategy.


Due to the recent sideway move,
Today, I have been preparing a strategy in detail.


Check the convergence section of the green support line and the red resistance line.

On the left,
You will see a blue square box.

This section is the short position waiting section.
Until the last section 1 touch (uptrend safe section when touched)

On the condition that you do not touch the purple Uptrend,
Wait for the short position.


In subsequent adjustments,

*Entering short position / Entering long position Choice.

(See rising pattern, 5 minute trend shift.)


*Blue finger long position operation section.
*Red arrow short position operation section

Please check,

When vertically falls from the current position,
To the red support line at the bottom decline.


It is a spot exchange.


If, today Bitcoin Vertical rise
Run only "Bitcoin",

Or,

"Bitcoin SV"

It is recommended to operate with a mandatory stop loss.

Bitcoin SV, But current danger zone, Be careful.




Have a nice day.



Thank you for reading the long analysis again today.

Trade active:

In summary,

At the current location

*If you cannot touch the red resistance line
Vertical Fall Short position Waiting

*the red resistance line Touch
Long short two-way section
Pattern, position should be checked.

* Long position standby safely when touching section 1

*Possibility of vertical rise when touching purple uptrend



Good luck

Trade active:

Trade active: