November 30 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
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Bitcoin 30-minute chart
There are two NASDAQ indicator announcements today at 10:30 and 12:00.
It is also the end of the month, and the overall possibility of sideways movement is very high.
The current position is
4-hour chart -> 6-hour chart MACD deadcross is pressing.
It's a place where anyone would fall.
The short-term downward trend was broken, but
When there is a rebound, there is an adjustment.
This is a position where you could be pushed out if you don't hold on.
Because there was almost no movement, it was difficult to analyze it.
There were some people holding long positions yesterday.
We also proceeded aggressively based on the opinions of several people.
*Sky blue finger movement path
Long position strategy
1. $37599 long position entry zone / stop loss when the green support line is completely broken away
2. $38057.5 long position 1st target -> Top section 2nd target
-> Great section 3rd target
The rebound should not come first,
A double-bottomed movement is required.
Because 1+4 is not completed and the pattern is partially broken.
The strategy is to hold on to the 4-hour central line.
Even if there is a rebound from the current position
Be careful as a short position may appear at the orange resistance line.
Also, the MACD deadcross on the 4-hour chart can continue to press.
The possibility of sideways movement increases.
Instead, the long position stop loss is the same as the green support line.
In the event of a breakaway, if it is downward to the right, at the light blue support line at the bottom ($37,250)
You need to be careful because it can be connected to the bottom.
Please keep in mind that my analysis up to this point is merely for reference.
I hope you operate safely with principled trading/stop loss required.
thank you
