October 23 Bitcoin Bybit chart analysis

前天

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.

昨天

订单已取消

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.