October 29th BTCUSD Chart Analysis

29 oct. 2020

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I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 29th .










This is a 30 minute chart created yesterday.

It was a short position strategy.

Because we couldn't break through section 1,
There was a strong decline.


Red finger section / short position timing
There was a decline.

(In the Bollinger Band wave, the entry price may vary, but
The timing is similar.)

Congratulations to all the profitable people.







This is a 30-minute chart.

In yesterday's analysis,
there was one part that was unfortunate.

It was the support line for the parallel line on the 1-hour chart.
(Red parallel line support line)

As for yesterday's strategy,
Shortly marked and operated in section No 1.


But,

Section No 2, in the normal section

Since we reach section No 3,
Candle didn't break the red support line.

please check.







12 hour chart.

At the top, at the red finger
The Bollinger band resistance wire could not be touched.

At the bottom, there was also a MACD dead cross.









(In the chart analysis on the 27th, the last 12 hours chart)

This is on the 27 th analysis article.

12 hours dead cross does not occur immediately,

After further rise,
It happened yesterday.

Because I couldn't touch the resistance wire
strongly deviated.






Day candle chart.

Each major section has been marked.


*Purple line, overshooting and uptrend section
*Orange line, possibility of danger zone when touched.
*Sky blue line, major support line.

Focusing on this part,
I brought a trading strategy.









This is today's trading strategy.

It's a 30-minute chart, a long position strategy.


Each major section has been marked.


* This week,
Red parallel line support / resistance Depending on whether
Direction is determined.


Today, the green resistance line 1 and,
I marked the convergence section of the 2nd brown support line.

* In the little blue box,
If cannot touch section No 1,
of break away section No 2,

Additional downtrend may occur today.



*Red finger, blue finger
Please refer to the short position, long position entry and operation section.


When you reach the purple section,
It's a safety zone again.


If the red support line break away,
It can go down to 12287 dollars,
Please refer to it.


The spot exchange,

There is a long time to spare,
I checked the chart.


"Bitcoin Cash"

It looks like a good move will come out of the sport.

Today, only in the BTCUSD long position operation section
It would be nice to proceed in the same way








Because it is a 30-minute chart, Due to lack of space,


Full screen public.


Thank you.