Hello
It’s a Bitcoin Guide.
I will check the movement after writing the analysis article on October 10th.
This is the Nasdaq 30-minute chart.
The main sections are marked with black fingers.
In the blue finger long -> short switching strategy,
the purple finger 20.2K marked at the top
(wave section for successful long position)
was not touched by 0.7 points
and the long position entry section at the bottom
20206.3 -> touched the 2nd section.
It failed to break through the orange resistance line
and ended in an upward sideways movement.
Yesterday, a sideways movement was expected
but the adjustment was strongly connected, and the rebound point was pushed to 2.
Since the rebound was not good,
the signal or pattern
created conditions for a strong decline today.
Let’s break it down in detail in the analysis article.
This is a 30-minute Bitcoin chart.
I marked the main sections with black fingers.
In the red finger long position strategy,
without touching the purple finger minimum wave section 61.3K at the top,
it couples with Nasdaq as it is
while touching the long position entry section of 60,895.5 dollars
it broke away from the purple support line.
I cut my loss briefly.
It touched the best short / vertical decline section of 60,895.5 dollars near the center line of the Bollinger Band
and then fell to the bottom -> 58,934.5 dollars.
I skipped over the above content since it was explained in the video yesterday.
Since Bitcoin had already touched the 30-minute chart resistance line in the afternoon,
the possibility of a decline was low,
but as it was coupled with Nasdaq, the vertical decline that should have occurred in Tether Dominance
was connected to the vertical decline in Bitcoin,
and eventually reached $58,934.5,
as explained before the movement yesterday.
The vertical decline movement that I explained yesterday
was applied to Bitcoin as is,
so I am glad that those who watched the video well managed it well.
I am satisfied with the result because I tightly set the stop loss price even for the Nasdaq variable in preparation for the vertical decline in Tether Dominance.
The final rebound is also coming out well.
After touching 58.9K, it is currently rebounding strongly to around $1,925,
but the reason for the strong rebound is that it was not in the place to fall yesterday,
so I adjusted it again.
In the end, it came back to its original place.
I will watch to see what kind of movement will occur depending on the movement of Nasdaq.
Thank you.