[OCTOBER 8 Bitcoin chart analysis]
BTCUSD 30Min Chart
*My analysis is optimized for TradingView.
If you press the replay button, you can check real-time movements.
On the left, I have maintained the strategy for the long position entry point at $83,120.7 (marked by the light blue finger), which was established on October 7.
*Long position strategy regarding the touch of the zone marked by the purple finger (Zone 1):
1) After confirming the touch of the purple finger zone (Zone 1):
Long position entry point at $82,511.3 (red finger);
Stop-loss level if the green support line is broken (this stop-loss level also applies to those currently holding the $83.1K long position).
2) First target for the long position: $84,157;
-> I have provided a simulation with pink finger markers showing the target levels in the order of "Top," "Good," and "Great" for the weekend,
so please refer to that.
3) If the price drops directly without touching the purple finger zone (Zone 1):
Long position entry point at the "Bottom" zone of $80,946.5;
Stop-loss level if the light blue support line is broken.
If the "Bottom" zone is breached, the price could fall as far as Zone 2;
given the possibility of further Nasdaq corrections and the fact that the low of the Bitcoin monthly candle has been broken,
there is a high likelihood of continued volatility (swings in both directions) this month.
Please note that the medium-term pattern can be maintained
as long as the green support line holds.
Please use my analysis solely for reference and guidance.
I urge you to trade based on principles and always use stop-loss orders to ensure safety.
Thank you.
(You can find the link on my profile.)
- Click Follow to receive faster information every day.
- Check the results using the replay button on TradingView.
#Crypto #BTC Price Analysis# #Altcoin Season# #ETH $XRP $USDT $BTC $ETH
BTCUSD 30Min Chart
*My analysis is optimized for TradingView.
If you press the replay button, you can check real-time movements.
On the left, I have maintained the strategy for the long position entry point at $83,120.7 (marked by the light blue finger), which was established on October 7.
*Long position strategy regarding the touch of the zone marked by the purple finger (Zone 1):
1) After confirming the touch of the purple finger zone (Zone 1):
Long position entry point at $82,511.3 (red finger);
Stop-loss level if the green support line is broken (this stop-loss level also applies to those currently holding the $83.1K long position).
2) First target for the long position: $84,157;
-> I have provided a simulation with pink finger markers showing the target levels in the order of "Top," "Good," and "Great" for the weekend,
so please refer to that.
3) If the price drops directly without touching the purple finger zone (Zone 1):
Long position entry point at the "Bottom" zone of $80,946.5;
Stop-loss level if the light blue support line is broken.
If the "Bottom" zone is breached, the price could fall as far as Zone 2;
given the possibility of further Nasdaq corrections and the fact that the low of the Bitcoin monthly candle has been broken,
there is a high likelihood of continued volatility (swings in both directions) this month.
Please note that the medium-term pattern can be maintained
as long as the green support line holds.
Please use my analysis solely for reference and guidance.
I urge you to trade based on principles and always use stop-loss orders to ensure safety.
Thank you.
(You can find the link on my profile.)
- Click Follow to receive faster information every day.
- Check the results using the replay button on TradingView.
#Crypto #BTC Price Analysis# #Altcoin Season# #ETH $XRP $USDT $BTC $ETH