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I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 30th .
At the top is a 30-minute chart maked yesterday.
Because it did not reach section 1,
There was a stronger downward wave than expected.
Finally, without break away the sky blue support line,
There was a rebound in the purple finger range.
After that, didn't reach the purple safety zone
It was finished in the small arrow section.
Congratulations to the profitable people.
Bitcoin Cash ,
Due to the Bitcoin downtrend,
For other altcoins, a good move came out.
It was a little disappointing.
Month candle chart.
October has two days left until today.
Before the additional November candles are created,
If you break through the purple section,
If it breaks through next month,
Over and over, it can rise strongly.
There is no me on the weekends, so please refer to it.
12 hour chart.
The support resistance line and the convergence section are created in brown.
Due to the characteristics of the ,
Today , If do not reach the purple section,
At the current position, adjustment occurs based on the orange line.
Focusing on this part,
I brought a trading strategy.
This is a 30-minute chart.
It's a long position strategy.
I have marked each major section.
Red parallel line move
Afterwards, the direction is determined.
*In the blue box,
With sections No 1 and No 2,
I prepared for a small wave.
*If reach section No 1 first,
*Can not reach section No 1,
First, when you reach section No 2,
If you don’t reach the red support line
The uptrend remains.
Also, when breaking through the purple section,
There may be strong adjustments unconditionally,
Please be careful. (Red Arrow note)
In each, finger section, arrow section
Long position, short position entry timing / entry line
I marked it with a light blue line.
The spot exchange,
According to the timing of entering the long position
You can operate it with "Bitcoin Cash".
Except for Bitcoin Cash ,
I can't see any coins to uptrend.
Upon reaching the red support line,
Other altcoins and,
You can operate the same with major altcoins.
Today is the red support line,
If the sky blue support line deviates,
According to the green support line
It may continue to decline.
Have a nice weekend everyone.
I'll see you in the NASDAQ analysis in a moment.