BTCUSD Perpetual Contract
Long
Updated

Bitcoin Bybit chart analysis JENUARY 21

234
Hello
It's a Bitcoin Guide.

If you "follow"
You can receive real-time movement paths and comment notifications on major sections.
If my analysis was helpful,
Please click the booster button at the bottom.


snapshot


This is a Bitcoin 30-minute chart.

The Nasdaq has been acting up lately.

As the Nasdaq is undergoing forced coupling,
please pay close attention to its movements.

*Long Position Strategy:

1. Confirm the touch of the purple finger at the top,
and then switch to a long position at $88,784 at the red finger at the bottom.

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

2. $91,612.7 long position initial target -> Top, then Good in that order.

If the strategy is successful, $90,566.3 is the long position re-entry point.

If the upper level falls immediately without touching the first point,

wait for a final long position at point 2. / If the green support line is broken, set a stop loss.

Today's bottom -> $86,977.3
is a major rebound point on the daily Bollinger Band chart.

Also, the orange resistance line at the top is the center line of the 4-hour Bollinger Band chart.

A strong breakout of this area is necessary for a true rebound.

Please use my analysis to this point for reference only.

I hope you operate safely, with a clear focus on principled trading and stop-loss orders.

Thank you.
Trade closed manually
Hello,
It's a Bitcoin Guide.

I'll check the movement after writing the analysis on January 21st.

snapshot

This is a 30-minute chart for the Nasdaq.
The key sections are marked with black fingers.

I followed the strategy in the order indicated by the light blue fingers.

The 2nd section at the bottom was first touched,
and a sharp rebound occurred after the previous low was broken.

After touching the 3rd Top section at the top,

after one wave,
the New Gap retracement was completed at the top,

and the Good section was touched and the price is now moving sideways.

In the case of XAUUSD gold, a correction occurred,
and then it is moving sideways again.

snapshot

This is a 30-minute chart for Bitcoin.
The key sections are marked with black fingers.

In the red finger long position strategy,

without touching the first section of the purple finger at the top,

a long position has been entered at the second section at the bottom.

Again, the first section is touched -> the price is pushed back to the bottom,
and is rebounding without breaking the green support line.

The position is ambiguous,
but a long->short->long switching is in progress.
The strategy is manual liquidation.

With the Nasdaq shaking, BTC is losing its composure,
and is not even able to follow the gap reversal.

The market has ended in an upward sideways market.

The Nasdaq has completed its gap reversal.
BTC is moving sideways, but from an analyst's perspective, the selective coupling is very frustrating.

100% coupling during declines, and selective coupling during rises.

While this is a significant disadvantage for analysts,
as long as the Nasdaq doesn't experience an unexplained plunge,
I believe BTC will follow suit and rise.

By the way, I think XAUUSD gold needs some strength.

Today won't be easy, but I'll try my best.

Thank you.

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