BTCUSD Bybit Chart Analysis November 11

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for November 11th .







At the top, I left it in real time yesterday.

It was a sideway move finish.

I found one fact.


There was a further downtrend than expected,

The reason seems to be related to the Bybit competition.

Most of them are short-position-oriented investors,
Because , The downtrend is strong.

Please refer to it.








4 hours chart.

This is the main section of the day.

Recently, near the center line of the Bollinger Band
There is a continuing sideway move.


See red convergence interval.

For an uptrend to come out,

Marked,

must Break Through section 1 and section 2 at most.


If not, you can reach further adjustments and support lines.


Focusing on this part, I brought a trading strategy.







It is a 30-minute chart, two-way long position strategy.

I even marked the route of movement on purpose.


Wait until the wave increases, then
It is better to operate.


Check each major section,


Within the green support line / red resistance line
It's an upward move strategy.


Green support line,
Or break away the red resistance line
There may be a trend, so be careful.


Each long short, section only Switch,
It seems advantageous to operate mainly for short-term investment.


If break through both sections 1 and 2,
There will be an uptrend.


The spot exchange,

Due to the recent bitcoin sideways
It's not fun.


Only in Bitcoin long position operating section,

It is good to run it with "Ethereum".


The reason is that Ethereum,
It is in the safest section.


Stop loss is required!
Operate safely!


See you in the Nasdaq analysis in the afternoon.


Thank you.