March 23 Bitcoin Bybit chart analysis
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Bitcoin 30 minute chart.
It is a one-way long position strategy.
*At the red arrow path
1. $27695.5 long position entry zone / stop loss when purple support line breaks -> long position target at $28520.5
Participation rates have been declining recently.
There are also unnecessary comments.
It also seems to have lost interest.
Depending on the situation tomorrow, we will proceed privately.
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential.
thank you.
Bybit
March 22 Bitcoin Bybit chart analysis
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This is a one-way short position strategy on the 30-minute chart.
(Depending on the strategy, some of the pink and green parallel lines have been changed from the original drawing.)
Unlike Nasdaq, in the case of Bit
There is still power left to shoot upwards.
Near the previous high or after breaking the previous high
Please note that it may fall.
*In light blue finger movement path
Short -> Long Switching Strategy
1. Entry into short position at $28243.5 / Stop loss when the orange resistance line is completely broken
2. $27600.5 long position switching / stop loss when breaking the light blue support line
Looking at the Nasdaq movement today, the possibility of sideways movement seems very high.
3:00 a.m. -> 3:30 a.m.
After the FOMC rate announcement, it could shake it up a lot.
I hope you operate well according to real-time movement.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential.
thank you.
What are the ways to profit from choosing an exchange wisely?Previously, we wrote about the free bonuses that exchanges provide us and how they ensure the speed of transactions and minimal slippage . In this idea we will talk about the interface of exchanges, the terminal and what are the main types of orders that should be on any terminal nowadays.
An interface of a cryptocurrency exchange should be user-friendly. We won’t use any product or service which repels us by its “packaging” on first impression. So let's check the most common mistakes and so called red-flags that exchanges make in their interface:
Cluttered Interface. This can make it difficult for us as users to navigate the exchange and find the information we need
Poor Navigation. If we can't easily find what we're looking for, we're likely to become frustrated and leave the exchange. It's important for exchanges to have clear and intuitive navigation
Lack of Mobile Optimization. You have already known all the importance of mobile-optimized interface. (Mobile devices were responsible for 43% of all cryptocurrency transactions in 2022)
Confusing Terminology. Cryptocurrency can be complex, especially for newbies. It's important to use clear and simple language to help everyone understand the exchange
Slow Load Times. Finally, slow load times can be a major issue for cryptocurrency exchanges. If we have to wait too long for pages to load, we are going to live very soon
In a current market with many “players” it's hard to get a user with only a quality design and interface and here we come to another important point for traders - types of orders and options for it . It is important to have many different types because it allows us to execute trades in a way that best suits trading strategy and risk tolerance. Here is the list of the most popular and in the meantime significant ones:
1. Market order: buy or sell a given instrument at the market price. The price for these types of orders is defined as the best price available on the market at the point of time the order is being placed. Since the price changes constantly, the total price and fees are provided as estimates rather than exact values.
2. Limit order: execute a trade at a specified price or better (limit price). A Limit order to buy would be at the limit price or lower, and a Limit order to sell would be at the limit price or higher.
Subtypes of limit orders:
Good-Till-Cancelled - lasts until the order is completed or canceled.
Day - automatically expires if not executed on the day the order was placed.
Good-Till-Date/Time - automatically expires at the specified date and time.
Fill-Or-Kill - must be executed immediately in its entirety; otherwise the entire order will be canceled
Immediate-Or-Cancel - must be executed immediately. Any part of an IOC order that cannot be filled immediately will be canceled.
3. Scaled orders: you can set multiple orders at once. This lets you implement the most sophisticated trading strategies with ease. For example, if you'd like to consistently sell portions of some currency in case its price is increasing. Usually, you would have to create a whole lot of sell orders manually, specifying the desired amount, and the price each time. With Scaled orders, you can noticeably speed up this process.
Now a little bit about options:
A Stop-loss option on your orders helps with minimising risks attached to trading. This option is available for Market and Limit orders with a preselected Stop option, which ensures that your order will be placed as soon as the price reaches a certain value, called the Trigger price.
A Take-profit option on your orders helps with consolidating your gains from trading. This condition is available for Market and Limit orders with a preselected 'Stop' condition — a condition that ensures that your order will be placed as soon as the price reaches a certain value, called the Trigger price.
A Post only option ensures that your limit order will be added to the order book and not match with a pre-existing order. If your order would cause a match with a pre-existing order, your post-only limit order will be canceled. The 'Post' only option guarantees that you will pay the maker fee and not the taker fee unless matched with a hidden order.
A Reduce only option enables you to create buy and sell orders meant to reduce an existing position without opening an opposite long or short position worth more than the current value of your leveraged assets. This essentially means that you will not be able to execute more than the size of your position, allowing you to trade without risking over-exposure of your assets.
In conclusion, it’s crucial for you to choose exchanges that have a user-friendly interface and a variety of order types. It can help execute trades more efficiently and with greater precision, leading to a better overall trading experience.
Thanks for reading! Write in a comment what other important points you pay attention to when choosing an exchange
March 21 Bitcoin Bybit chart analysis
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This is a one-way long position strategy on the 30-minute chart.
Fortunately, yesterday's stop loss standard,
The Bollinger Band 1-hour chart is holding up without breaking the support line.
from an analytical point of view
You may miss out on a seat like this right now.
Since the possibility of sideways movement is high, we try to provide reasonable information as much as possible.
There is an announcement of the Nasdaq indicator at 11:00 tonight.
As a pattern, Bitcoin should come out sideways.
Nasdaq is in a condition where a vertical rise or a strong rise can occur.
Created today's strategy.
*In arrow movement path
long position strategy
1. $27956.5 long position entry zone / stop loss when green support line breaks -> long position target $29236.5
An extreme case like yesterday
Possibility of finishing within the orange resistance/green support line
Following the upper tail or Nasdaq movement
When the previous high point is broken, the whipsaw condition is also established. (Near the 28779 light blue resistance line)
Ahead of the FOMC US interest rate announcement at 3:00 am on Thursday
There is no direction yet.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
Thank you for reading today.
BIT DAOIt can be interpreted as an inverted head and shoulders pattern, also we see a potential trend break. I have two entries, one at 0.543 and a limit order below 0.46
Best regards EXCAVO
Behind the scenes of exchanges. Speed of orders and slippageHello guys. Today we are sharing with you an idea about the impact of order speed and slippage. Why is it important and what exchanges could do to provide us with the best solutions?
First of all, fast order execution is essential for those of you who are looking to take advantage of market opportunities in real-time. If orders are executed too slowly you may miss out on profitable trades or be forced to accept less favorable prices. Unpredictable slippage can lead to unexpected losses, which can be particularly damaging in volatile markets.
On the other hand, high-speed trading can also increase the risk of market manipulation and other forms of unethical behavior. Traders who are able to execute orders more quickly than others may be able to manipulate prices in their favor, leading to unfair advantages and potentially harming other market participants.
What do exchanges do to ensure the best speed and lowest slippage?
1. Orders speed:
Exchanges make use of a combination of advanced technology and strategic partnerships to offer fast order execution. They are using high-performance servers and optimized software to process orders quickly
Some exchanges use machine learning algorithms to predict market trends and react to market movements more quickly. By analyzing large amounts of trade data, these algorithms can identify patterns and make predictions about future market conditions. This allows exchanges to offer faster and more accurate trading services to their users
2. Slippage
As we all know, slippage refers to the difference between the expected price of a trade and the actual price at which the trade is executed. To minimize slippage on orders, exchanges can use different strategies:
Employ advanced order matching algorithms that can quickly and accurately match buyers and sellers based on their preferences and available liquidity. These algorithms can help to reduce the likelihood of trades being executed at unfavorable prices, which can help to minimize slippage
Exchanges provide users with access to a deep liquidity pool. This can be achieved by partnering with market makers and other liquidity providers, who can help to ensure that there is always a reliable supply of buyers and sellers for each currency pair.
And last but not least, exchanges offer users the ability to place limit orders, which allow them to specify the maximum price they are willing to pay for a particular currency. This can help to minimize slippage by ensuring that trades are only executed when the desired price is available.
So what was the main purpose of this idea? To reflect the importance of transaction speed and slippage on exchanges, because the outcome of transactions and their convenience for us as users directly depends on it. If you want to make a profit in this market, you should understand exactly what exchanges are doing to give you the best options. With this knowledge you are able to choose exchanges to trade with more wisely.
Thank you for reading, don’t forget to check the links below. Check the speed of transactions and slippage on our terminal, as we are constantly working on it! We are ready to drop you some bonuses for testing our platform and sharing your feedback! Contact us here on TradingView or any other way that is convenient for you
March 20 Bitcoin Bybit chart analysis
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Bitcoin 30 minute chart.
It is an arrow movement path one-way long position strategy.
No danger signs so far.
It is just before an uptrend.
The strategy was carried out in line with the Nasdaq movement.
*In arrow movement path
Long position strategy.
1. $28131.5 entry into long position / stop loss when breaking the green support line
-> 1st target of 29131 dollars -> 2nd target of 30070.5 dollars
If it goes down to the green support line today, it could end with a sideways move.
Please pay attention to the Nasdaq movement.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
thank you.
March 13 Bitcoin Bybit chart analysis
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Bitcoin 30 minute chart.
This is a long position strategy.
To be precise, it is a short -> long switching or long waiting strategy depending on the Nasdaq situation.
*At the red arrow path
1. 22554 dollars short position / stop loss when orange resistance line or previous high is broken
2. Switch long position at $21,449 / Stop loss when breaking the green support line / Target long position at $23,670
Short-> long switching strategy when reaching section 1 first
If section 2 is reached first, long waiting strategy / orange resistance line -> Top section becomes the target.
Purple support line or green support line from the current position
The point of support (long waiting period) may be the order of job altcoin circulation pumping
I hope you are doing well while watching the Nasdaq movement.
There is no separate indicator announcement from Nasdaq today.
There is a high possibility of crossing
Tomorrow night at 9:30 CPI, even if I'm not there, I hope the operation goes well.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
After recharging, I
I'll be back next Monday, March 20th
thank you.
March 10 Bitcoin Bybit chart analysis
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This is a one-way long position strategy on the 30-minute chart.
The vertical decline has progressed to some extent.
Today at 10:30, there are too many Nasdaq indicator announcements and branching points.
It is said that the indicator announcement at 10:30 is an important indicator with a name.
Please note.
To put it simply,
Bitcoin is best off not touching the green support line until next Monday.
It's because of the weekly chart candle.
The lowest true wave support line is ,
It would be nice to see it as the last line of support for Bitcoin.
So far, there is no justification for raising it.
The tone is thick, the signal is off
Because it touched the downside first based on the 30-minute chart
The downside is open and further declines are possible.
If, from today's breakout of the purple support line,
You need to prepare for the purple finger section at the bottom.
Gap2 retracement came out in the afternoon, and in preparation for the possibility of good news on the NASDAQ today
I focused on the arrow movement path.
*At the red arrow path
long position strategy
1. 19806.5 dollar long position / stop loss when breaking the green support line
20622 dollars 1st target -> 2nd target top price by the weekend -> 3rd target Great section
(Short-term traders can challenge both directions as much as they can.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
thank you.
March 9 Bitcoin Bybit chart analysis
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Bitcoin 30 minute chart.
It's a one-way neutral strategy.
There are no particularly dangerous signs,
It is in a downtrend, and I bet on the possibility that it will be shaken enough according to the Nasdaq movement.
*In light blue finger movement path
Short -> Long Switching Strategy
1. Entry into short position at $21762 / stop loss when pink resistance line is broken
2. Switch long position at $21319 / stop loss when green support line completely breaks or major Bollinger band support line breaks / final long position target at $21985
Keep an eye on the Nasdaq movement.
There is one thing I would like to ask you.
misunderstanding the analysis itself, or
It seems that there are people who leave comments without reading the article itself.
The reason I write analysis articles every day is not that the long, short, and neutral directions are right, but
Please use my analysis
According to the target section of the support resistance line, it is said to be used for each position, long and short.
I don't want to talk about whether it's right or wrong based on any standard.
I hope that those who are actually trading can refer to it and help.
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential.
thank you.
March 8 Bitcoin Bybit chart analysis
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Bitcoin 30 minute chart.
It is an arrow movement path one-way long position strategy.
Because there is an announcement of Powell's testimony at 12 o'clock tonight
In contrast to the variables, the fluctuation range was not large up to the bottom, so I took plenty of stop loss and proceeded.
In the case of the beat, there was a downward wave in the afternoon.
Since the bottom is open,
It is not good if there is an upward wave (touch down and rise).
*At the red arrow path
long position strategy
1. $22064.5 long position / stop loss when breaking the light blue support line
22418 dollars 1st target -> 22551 Top section 2nd target
Nasdaq movement is the most important, so while watching real-time movement
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential
thank you.
March 7 Bitcoin Bybit chart analysis
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Bitcoin 30 minute chart.
I'm going to the extreme today, but it's very difficult to analyze.
A slight uptrend is underway.
Somehow, I'm concerned about the Gap section at the bottom.
There is still a very high chance of
Today's up and down fluctuations are not large
There is also a Nasdaq index announcement at 12:00,
We will proceed with the strategy of opening the mouth from the bottom without overdoing it.
I will not proceed with chasing shorts or reverse trades.
Instead, those who operate the spot exchange
At the bottom of the long position entry timing
It might be a good idea to lose your hand in the same way and aim for minor altcoins.
*In light blue finger movement path
long position strategy
1. Entry into long position at $22,147 / Stop loss when breaking the green support line / Target long position at $22,544
According to Nasdaq variables today
In the event of a favorable situation, after breaking through the orange resistance line, you can reach the indicated $22839.5 -> Top price.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
thank you.
[2023-03-07] [BYBIT:LTCUSDT] [LONG]Practice good risk management!
Anything can happen.
In order to make money, it is not necessary to know what will happen in the next moment in time.
For any given set of variables that define competitive advantage, there is a random distribution of failures and successes.
Competitive advantage is nothing more than an expression of a higher probability of the course of events developing in a certain way.
Every moment of the market is unique in its own way.
You alone are responsible for your trading – both gains and losses.
Good luck and happy trading!
March 6 Bitcoin Bybit chart analysis
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It's a Bitcoinguide.
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I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
It is a one-way long position strategy.
Today is a day with many diverging points and a high possibility of sideways movement.
There were many difficulties in the analysis.
When viewed in terms of pattern or gap section
It ended with a moderate right-handed sidewalk.
It is a long waiting strategy at the bottom waiting after sideways movement.
*In light blue finger movement path
long position strategy
1. Entry into long position at $22234 / stop loss when breaking the green support line
-> $22591 long position target
If it rebounds from the current position without adjustment
It can rise up to the top price.
You can rock it up and down in both directions.
Opposite trading or long or short wait strategies seem more advantageous than chase trading.
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential
thank you.
March 3 Bitcoin Bybit chart analysis
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Bitcoin 30 minute chart.
It is a one-way long position strategy.
It seems that the direction will be determined in the middle wave according to the Nasdaq movement.
In the case of maintaining the % purple support line without breaking away, the target is up to the Top -> Great section
Movement within the red resistance line / green support line is sideways
*At the red arrow path
long position strategy
$22368.5 long position entry zone / Stop loss when breaking the green support line / $23431.5 long position target price
Because there is a possibility of a rebound without adjustment
After the initial long entry, we focused only on long positions that were maintained or returned depending on the situation.
For the strategy to be successful, a V-shaped rebound is required.
There should be a strong rise or vertical rise in the Nasdaq.
It should be connected from the 12 o'clock indicator announcement to favorable news and rising waves.
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential.
You worked hard this week too
thank you.
[2023-02-28] [BYBIT:MATICUSDT] [LONG]Hello fellow traders,
Practice good risk management!
Anything can happen.
In order to make money, it is not necessary to know what will happen in the next moment in time.
For any given set of variables that define competitive advantage, there is a random distribution of failures and successes.
Competitive advantage is nothing more than an expression of a higher probability of the course of events developing in a certain way.
Every moment of the market is unique in its own way.
You alone are responsible for your trading – both gains and losses.
Good luck and happy trading!
March 2 Bitcoin Bybit chart analysis
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It's a Bitcoinguide.
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You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
I would like one booster button at the bottom, please.
Bitcoin 30 -minute chart.
Today, no matter how much I look at
The possibility of sideways is very high.
It will be seen as if there will be a sideways guarantee in the orange resistance line / Sky
As marked, it is the opposite trading neutral strategy.
If you come up, the shot / long when you come down
*Red arrow moving path
Short-> Long Switching Strategy
1. 23606.5 Fall short position entry section / Orange color resistance
2. 23325.5 Bull long position switching
*When the light blue finger movement path
1. 22968 Bull Long Position entry section / Sky blue support
If you are currently entering a long or short,
It would be nice to use it for switching according to the strategy you left.
I simply ask for my analysis.
Principles, please operate safely.
thank you.
February 28 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
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Bitcoin 30 minute chart.
It's a two-way neutral strategy.
Today, the possibility of sideways movement is very high.
*At the red arrow path
1. Entry into long position at $23,120 / stop loss when breaking the green support line
$23550 short position / stop loss when the red resistance line is broken
Whichever of the two arrives first
You may want to enter.
(From the current position, if there is no place to enter the bottom long, from the top short in case of a rebound)
2. $23258.5 long position switching / stop loss when breaking the green support line
-> 1st target of red resistance line -> 2nd target of final $23910.5
In case of maintaining without breaking the final green support line
Circulation pumping may occur in job altcoins, so check it.
There is an indicator announcement at 12:00 tonight, so please refer to it.
Please pay attention to the Nasdaq movement.
My analysis is for reference only.
I hope you will operate safely with principle trading and stop loss essential.
I'll take off tomorrow Wednesday and see you on Thursday.
thank you.
February 27 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
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I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
It's been a long time since it's a short position strategy.
To be precise, it is a short -> long switching strategy.
centered on the bottom gap
I made a strategy based on patterns and signals in the current situation.
Due to the recent Nasdaq variable, Bitcoin movements are unpredictable.
Real-time selection seems to be the most important according to real-time movement.
*In light blue finger movement path
Short-> Long Switching Strategy
1. Entry into short position at $23363 / stop loss when orange resistance line is broken
2. 22993 long position switching / stop loss when breaking the green support line
The final long position target is $23554.
The next target is $23907.5 -> Top price.
Breaking the orange resistance line until dawn is good.
Because the downtrend remains
It started with a chase shot.
If it breaks through the orange resistance line at once
Nasdaq seems to have the biggest impact.
These days, it is not easy to analyze the Nasdaq sideways including sideways.
My analysis so far is for reference only.
I hope you operate safely with principle trading / stop loss essential
thank you.
Short DOT - 24% targetWe're reaching the top of a very well-respected parallel channel. This top also aligns with the Fibonacci golden pocket (in yellow), providing extra resistance. Price wicked above the golden pocket, trapping some longs. I'm expecting a reversal to the lower golden pocket (taking profit along the way).
Price and volume are diverging. This is a sign of weakness, as apparently less people are willing to trade at these higher levels. This makes a reversal even more likely.
The horizontal channel is being well-respected. The many touches of this channel validate that the channel is drawn correctly. Price is struggling to break above it, showing weakness.