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I will begin BTCUSD Bybit Bitcoin Chart analysis for January 15th
This is 30m candle chart for yesterday.
“To the Moon”
It was the topic for yesterday’s live streaming.
Quite embarrassing though.
It was long position strategy.
As the wave came out from the original analysis, we entered the long position while the wave was ongoing.
I’ve check the converging section,
And the price broke out 30m/daily/4H parallel resistance lines.
The wave lacked a little bit, but it ended up following the route precisely.
It was maximum $431 movement.
And Bitcoin Cash , it is about 40% profit.
This is daily candle chart.
The new parallel line is made.
For today, both the top & bottom lines are broken, but still we have uptrend ongoing.
I brought strategy based on this idea.
This is 30m candle chart.
It is long position strategy.
During uptrend, it is better not to open short position.
To be brief,
1. Please check route A & B with long position entry timing and price point
2. In case of route A, please check the price does not go down below the entry point
If it does, please put stop-loss on the route B’s final entry point (And make sure stop your loss when the price goes down below with an additional candle)
Check whether the price goes above small smile face line, and then finally big smile face line.
3. In case of route B, please check the price does not go down below long position entry point with an additional candle
If it does, call it a day with no position
After entering long position, please refer to route A
I’ve checked route A & B’s bonus points with finger pointers.
You can also enter Bitcoin Cash when you enter Bitcoin right at the long position entry point.
Hope you have a good day.
Jae Ho Shin)