Bitcoin Bybit chart analysis October 28

前天

Hello
It's a Bitcoin Guide.

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This is Bitcoin's 30-minute chart.
There's a Nasdaq indicator release coming up at 11:00 AM.
Bit has broken its short-term pattern by touching the center line of the 3-hour Bollinger Bands chart.

On the left, the purple finger indicates the entry point for the long position at $114,507.8, which we entered yesterday.

I've followed the same strategy. *Red Finger Movement Path:
Long Position Strategy

1. Confirm that the purple finger touches the first section at the top.

Red finger: $113,799.4 is the entry point for a long position.

/ If the green support line is broken, set a stop loss.

2. $117,065.1 is the first target for a long position. Target prices are set at Top and Good in that order.
If the strategy is successful, 115.9K is the point where the long position can be re-entered.

If the good section is reached before tomorrow's daily candlestick formation,

a correction may occur at the daily Bollinger Band resistance line.

A short position switch can be made.

If the price touches Section 1 at the top and rebounds strongly,

or if Section 2 is touched and rebounds within the purple support line,

a vertical rise is expected.

When the green support line breaks,
I've marked the support line from Bottom to up to Section 3.

Those who entered long yesterday at 114.5K should follow the same stop-loss order today when the green support line breaks.
I hope you'll continue to operate effectively, starting with Section 1 above.

By organizing this,
those who are long, those without a position, and those who are short
will all be able to utilize it.

Please use my analysis to this extent for reference only.

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

Thank you.

前天

交易结束：到达止损

Hello,
It's a Bitcoin Guide.

I'll check the movement after writing the analysis on October 28th.



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

On the left, with purple fingers,
I've linked the strategy to the long position entry point at $114,507.8, which I entered on the 27th.

In the red finger long position strategy,

the upper point 1 -> the long position re-entry point at $115,995.3
touched it in one go,
and then a downward wave occurred.

The lower point is the long position entry point at $113,799.4
The price broke through the green support line
and fell to the indicated point 3.

The strategy is a stop loss.

The Nasdaq ended with an upward rebound,
but Bitcoin is playing it safe again.

Fortunately, those who entered long positions at 114.5K on the 27th
should have made a good exit, as the price rose to around $1,500 before a correction.

It will be crucial to see whether a retracement to the Gap 8 level at the bottom occurs.

Yesterday's correction was strong,
but chart analysis should be conducted using trend following.

In a volatile market,
managing with principled trading and stop-loss orders is essential,
and ultimately, it is highly likely to lead to profit.

The FOMC meeting is in the morning,
so I'll keep working hard today.

Thank you.