BTCUSD Bybit Chart Analysis November 2

2 nov 2021

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Only 30 Min chart ,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.

I will begin BTCUSD Bybit Bitcoin Chart Analysis for November 2.








After the private comment on November 1st, it's a move.



Yesterday I missed the first gap short entry section

Counting only the $60632.5 gap
Up to $1912 rebound success

Afterwards, it aimed for a final rebound from $61814.5.
But , Finished with a Down-trend move.


In the final convergence section of the red resistance line / light blue support line ,There appears to be direction.

More details will be discussed in the analysis section.









4 hour chart

I did several calculations.

It's still hard today
Because there is a high possibility of sideway move.

All MACD-based dangerous signals have been deleted.
still up to the major support line.

I think it's important to know how you can achieve a rebound.

In fact, the top price and bottom price are calculated.
It takes quite a while
It's the last line of defense, so you shouldn't make a mistake.

Today's approximate top price / bottom price

Check the red resistance line / light blue support line convergence section
Green support line

Check the red up/light blue down movement path

Created today's trading strategy








Today, of course, long position one-way strategy.


The bottom section at the bottom is where it connects with yesterday's low.
When looking at the shape and pattern of the support line at the present time
judged to be difficult to reach


I created a strategy based on the right-hand side.

Focused on the green support line



Add to ,
A purple parallel line was created to see the flow.


Before and after breaking the red resistance line

I think there will be any big shaking movements.



* When the red arrow moves

It seems that there are many people who are maintaining long positions.

From this point on, a long start on the condition that it does not deviate from the purple support line.
(stop loss when break away, right?)

1) 62409.5 $ 62409.5 short position entry section / Stop loss when the red resistance line is broken

2) $60987 long position switching section / Stop loss when the green support line is broken

3) Final target $64075 / With tracking stop loss or stop loss correction
You can keep the trend going.

If the trend stops today,

Up-ward basis ,
It looks like the final target will close near the red resistance line.


The red resistance line must be broken.


If today's strategy is successful,

ETC Alt -> Switch to major altcoin when entering long position

I think the red light is not visible to some extent in the stuffy chapter.


No further comments today because of the competition

I think it should end here.



Principle trading / Stop loss is essential, I hope that you operate safely.

thank you.

2 nov 2021

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