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I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 28th .
This is a 30 minute chart created yesterday.
It was a short -> long switching strategy.
However, it continued to rebound,
It looked suspicious.
In case of breaking through section 1,
Because it was a section where the upward trend was maintained,
Waiting , At the breakthrough point / timing of the purple arrow,
After entering the long position,
After breaking through the trend transition period,
In the previous section, profits were achieved.
Because it was a strong rise without adjustment,
On the spot exchange ,
A good move came out of Bitcoin .
Congratulations to all those who are profitable.
Entering, or To all those waiting to enter,
The current position is a section that is a lot of trouble.
In the history of Bitcoin ,
Because it is close to the highest section.
This is a week candle chart.
If you look at the left, the point of breaking through the previous high,
Yesterday, there was a strong overshoot,
Currently, The final, purple section, $13,916 remain.
And , At the highest point,
There is a resistance line in the Week candle parallel line.
Focusing on this part,
After much thought, I came up with a trading strategy.
This is a 30 minute chart, short position strategy.
To be precise, it's a short -> long switching strategy.
Instead, it requires several conditions.
I have marked all the major sections.
Centered on the green parallel line,
*There are sections No 1, No 2 and No 3.
This section is for each breakthrough,
This is the section to set the timing for entering the short position.
* Red finger section / Short entry at the short position entry section.
(Sky blue resistance line / If you strongly break through the dislike section,
Short position does not enter.)
If you break through,
Until the next section, wait for a long position.
Upon successful entry into the short position,
In subsequent adjustments,
It's a blue finger section / long position switching strategy.
If you support today at the green support line,
After tomorrow, the uptrend can be maintained smoothly.
The spot exchange,
When proceeding in the same way as the trading strategy,
Same as the long position entry section,
Bitcoin related stocks,
You can operate it with a major altcoin.
See you in the NASDAQ analysis in the afternoon.