Bitcoin (BTC) - October 17 (Trend Turn-4)
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You need to see where you'll be getting support around October 17th (October 16-18).
Also, you should check if the Volume is increasing.
A large drop in price with a large increase in volume can form a trend with a very large drop.
However, there are times when Volume needs to increase in order to rise.
I think that time is now.
This is because we think we need a volume to break through the 11748.20 point, the point of trend turning.
You should check if these movements appear during this period.
It may come out after this period, so you need to make sure you get support at 11071.35.
If it falls below the 11071.35 point, it is a short-term Stop Loss.
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(OKEX BTCUSDT 1D chart)
You need to make sure you can get support in the critical section, 11086.8-11381.6.
In order to change the trend, it must rise above 11762.7 points.
If it falls below the 11086.8 point, it is a short-term Stop Loss.
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(Bithumb BTCKRW 1D chart)
We need to see if we can gain support and break through the downtrend line in turn at the 13034000-13109000 section of the short-term volume profile.
In order to change the trend, it must rise above 13402000 points.
If it falls below the 12823000 point, it is a short-term stop loss.
If the long-term trend line (1) falls, it is Stop Loss.
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(USDT Dominance 1D Chart)
It is rising unexpectedly.
You should check for movement around October 17th that deviates from the downtrend line (1)-(3).
If it does not deviate from the downtrend line (1)-(3), it is expected to fall sideways within the trend line.
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(BTC Dominance 1D Chart)
It rose along the upward trend line (5) around October 15 (October 14-16).
It remains to be seen if it will touch the downtrend line (2).
In order to get an uptrend towards altcoins, I believe that BTC must rise to the point of transition.
In terms of preserving profit and loss and securing extra funds, I think that proper split trading is necessary.
Therefore, careful trading is necessary.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
You need to see where you'll be getting support around October 17th (October 16-18).
Also, you should check if the Volume is increasing.
A large drop in price with a large increase in volume can form a trend with a very large drop.
However, there are times when Volume needs to increase in order to rise.
I think that time is now.
This is because we think we need a volume to break through the 11748.20 point, the point of trend turning.
You should check if these movements appear during this period.
It may come out after this period, so you need to make sure you get support at 11071.35.
If it falls below the 11071.35 point, it is a short-term Stop Loss.
-------------------------------------------------- -----
(OKEX BTCUSDT 1D chart)
In order to change the trend, it must rise above 11762.7 points.
If it falls below the 11086.8 point, it is a short-term Stop Loss.
-------------------------------------------------- ---------
(Bithumb BTCKRW 1D chart)
In order to change the trend, it must rise above 13402000 points.
If it falls below the 12823000 point, it is a short-term stop loss.
If the long-term trend line (1) falls, it is Stop Loss.
-------------------------------------------------- --------
(USDT Dominance 1D Chart)
You should check for movement around October 17th that deviates from the downtrend line (1)-(3).
If it does not deviate from the downtrend line (1)-(3), it is expected to fall sideways within the trend line.
-------------------------------------------------- ------------
(BTC Dominance 1D Chart)
It remains to be seen if it will touch the downtrend line (2).
In order to get an uptrend towards altcoins, I believe that BTC must rise to the point of transition.
In terms of preserving profit and loss and securing extra funds, I think that proper split trading is necessary.
Therefore, careful trading is necessary.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
Comment:
Comment:
(XBTUSD 1h CHART)
CHECKING
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
