Bitcoin Bybit chart analysis October 23

23 ott

Hello
It's a Bitcoin Guide.

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This is Bitcoin's 30-minute chart.
There's a Nasdaq release coming up at 11:00 AM.

At the bottom left, with the purple finger,
I've linked the strategy to yesterday's long position entry point, $107,146.8.

The Nasdaq is correcting after its medium-term pattern has broken,
and Bitcoin is on track for a golden cross on the 4-hour and daily MACD charts.

XAUUSD is losing strength in gold,
and yesterday, there was some decoupling on the Nasdaq.

It will be important to see whether Bitcoin gains strength.

*When the red finger moves,
I'm considering a one-way long position strategy.

1. $108,136.7 long position entry point / Stop loss price if the green support line is broken

2. $110,837.9 long position primary target -> Top, Good, in that order.
If the strategy is successful, 110.2K is the long position re-entry point.

If a successful rebound occurs within the purple support line of the first section above, a vertical rise is possible, so please keep this in mind.

Due to the Nasdaq correction today,
we will operate a little more safely.

If the bottom section is pushed today,
the mid-term uptrend line will also break,
which is not good for a long position.

Since points 2 and 3 are both double bottoms, they can be risky.

Since a touchdown could trigger a variable,
we recommend utilizing a 5-minute trend reversal.

Please note that my analysis so far is for reference only.

I hope you operate safely, adhering to principled trading and stop loss orders.

Thank you.

24 ott

Ordine annullato

Hello,
It's a Bitcoin Guide.

I'll check the movement after writing the analysis on October 23rd.



This is a 30-minute chart for the Nasdaq.
Key areas are marked with black fingers.

In the red finger long position strategy,
without touching the purple rising wave area at the top,

it touched 24,843.1 points and ended the sharp rebound.

It broke through the upper area marked above,
and is now hitting a new high.

As expected, the Nasdaq is truly underwhelming.



This is a 30-minute chart for Bitcoin.
Key areas are marked with black fingers.

In the bottom left, the strategy was linked to the long position entry point (purple finger) at $107,146.8 in the analysis article on the 22nd.

In the long position strategy (red finger),
it did not reach the entry point at $108,136.7 at the bottom,
but rather rose strongly from the first point (108.9K) described yesterday and closed.

Unfortunately, the strategy on the 23rd did not reach the entry point,
so it has been canceled.

After the analysis article on the 22nd, the price moved sideways and is now rising around $4,400,
and a perfect is in progress.

The target price of $110,837.9 is reached at the top,

and a rebound is occurring at the long position re-entry point at $110,250 at the bottom.

With the top point approaching,
it would be worth watching to see what the CPI moves today.

For those of you holding long positions, please adjust your stop-loss price and I hope you'll manage your positions well.

Thank you.

27 ott

Nota

Hello,
It's a Bitcoin Guide.

I'll check the movement since writing the analysis on October 24th.



This is the Nasdaq 30-minute chart.
I've marked the key areas with black fingers.

With the red finger long position strategy,
it didn't fall to the lower point of 25,161.9 points,
but rather rose strongly without breaking the purple parallel line support line and closed.

Unfortunately, I canceled the position because it didn't touch the entry point.

The target price marked at the top, "Great," was reached,
and last week's movement created a Gap 5 area below.

The Nasdaq continues its upward trend,
and the presence of a Gap retracement below this week seems crucial.



This is the Bitcoin 30-minute chart. I've marked key areas with black fingers.

At the bottom left, I've linked the long position entry point, $107,146.8, with a purple finger, on the bottom left.

*The CPI data was released on Friday the 24th.

Similar to the NASDAQ, the red finger long position strategy

entered a long position at $110,794.7.

After falling to the marked first area,

the price closed after breaking the purple parallel line support line.

After trading sideways over the weekend,

a strong rebound began on Sunday evening,

with new daily and weekly candlesticks forming at 9:00 AM today.

The price touched the "Good" target price at the top,

and finished cleanly.

The strategy was taken profit.

For those who have maintained long positions since the 22nd,

a rebound around $9,200 is underway.

Don't forget to adjust your stop-loss.

We're on a perfect streak for the first time in a while,
and luckily, we're seeing some good results in the CPI.

Last week's movements created a new Gap8 zone at the bottom,
so the Nasdaq's movements will be important this week as well, right?

I hope you have a pleasant start to your Monday.

Thank you.

28 ott

Nota

Hello,
It's a Bitcoin Guide.

I'll check the movement after writing the analysis on October 27th.



This is a 30-minute chart of the Nasdaq.
I've marked the major sections with black fingers.

In the red finger long position strategy,
the entry point at 25,644.9 points at the bottom was not touched,
following the purple parallel line support line,
and the target price in the good section was reached.

The long position entry point was slightly untouched.

(15+30 pattern)
The strategy has been canceled.

A new daily candlestick has formed,
first touching the Bollinger Band support line and moving sideways.

The Nasdaq appears to be continuing its upward trend without any significant issues.



This is a 30-minute chart of Bitcoin. I've marked the key areas with black fingers.

Similar to the Nasdaq,
in the red finger long position strategy,
since the first area was not touched at the top,

we waited long at the second area marked below.

After entering the second long position at $114,252.3,

the price closed in a downward sideways movement.

The rebound was sluggish,

but the green support line was damaged, and the bottom area was not touched.

The price is currently moving sideways near the second entry point.

We will proceed with the active strategy and see it through to the end.

Yesterday's movement signaled a MACD dead cross on the 4-hour chart, a red flag.

I will discuss this in more detail in the analysis.

Thank you.