BTCUSD Bybit Chart Analysis January 3rd

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I will begin Bybit BTCUSD Chart Analysis for January 3rd







This is 30m candle chart for yesterday.

It is Long -> Short switching strategy.
If it had reached the bottom line, it could have been better for a rebound.

I’ve explained about short position on live streaming.

Precisely, the price went up & down with the indicated entry points.

Congratulations for those who made profits.






This is daily candle chart.

MACD Dead Cross appeared due to yesterday’s movement.
I believe the daily candle chart’s parallel supporting line would be the maximum supporting line.

I brought a strategy based on this.







Today’s strategy.
It is 30m candle chart.

I will explain briefly,

1. Please check route A & B with A’s long position / B’s short position entry timing and price points

2. In case of route A, please check the price does not go down below long position entry point / If it does please check route B
When the price goes up, you have to see the price goes above the final parallel resistance line / if the price reaches the smile face line, we are at safe zone

3. Route B : Please check the price does not go above entry point
If it does, call it a day with no position / Please check the final long position entry point. If it goes down with an additional candle, call it a day with no position

This is it.

* I’ve indicated bonus points with finger pointers. (You can cope with it at night time)

* Parallel line is quite tight. And I believe the direction will be decided based on the way it breaks out

Hope you have a restful Friday.

I will come back to you with FX Margin trading Chart Analysis.

Thank you.




(Translation
Jae Ho Shin)