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I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 8th .
Recently continued, boring sideway move.
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 resistance line -> Touch the support line.
3-hour chart 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 ,
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
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",
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.
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