Bitcoin (BTC) - October 7

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(USDT 1D Chart)

(USDC 1D Chart)

Funds flowed through USDT.

If funds continue to flow and rise above 68.468B, the coin market is likely to see an uptrend.

However, it is expected that the outflow of funds through USDC will stop and whether the uptrend can be continued will be determined by the inflow of funds.

An increase in the gap indicates an inflow of funds, and a decrease in the gap indicates an outflow of funds.

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(DXY 1M chart)

The key is whether we can find resistance near the 114.315 area and move below the 106.130-108.510 section.

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(NASDAQ100 1D Chart)

The key is whether it can be supported in the 11371.9-11495.5 section or more.

For this move to break out of the bearish channel, it needs to remain above at least 11371.9.

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(BTCUSDT 1D Chart)
The key is whether the volatility around October 6 (October 5-7) leads to a movement out of the 19695.87-20798.16 section.

If not, the question is whether the price can sustain above the uptrend line (2), 20131.46.


If it moves below 19695.87, we should see support near the uptrend channel (1), 19426.43.

If not, it is highly likely that it will fall to the 17659.38-18353.11 section.


In order to continue the uptrend, the price must rise above the HA-High indicator to maintain the price.

Therefore, it should rise around 20798.16.


However, I think the biggest turning point in this rise is the 20798.16-21838.98 section.

This is because if it breaks above this range, it will also turn into an uptrend on the 1W chart.


In the SR_R_C indicator, the Stoch RSI and CCI indicators are entering the overbought zone, so if you break out of the overbought zone, the trend may change.

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- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.

So, whether it rises or falls from its current position, both require a short-term response.

A full-fledged uptrend is expected to begin when it rises above 29K.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator contains indicators that indicate support and resistance points.

** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Comment:

(BTCUSDTPERP 1h Chart)

120EMA corresponds to 5EMA on a 1D chart.

Therefore, it is necessary to touch 120EMA and see if it is supported by moving above 19937.6.

If not, you should check to see if it is supported near 19805.3.


The price needs to remain above 20122.5 to continue the uptrend.

If not, there is a possibility that it will fall to the 19424.9 area.

Therefore, the 19424.9-20794.4 section is a section that requires a quick response.

Comment:

(1W chart)

From the SR_R_C indicator, the RSI and CCI indicators re-entered the oversold zone in the week of September 19th.

And, the support and resistance points are receiving resistance at 20798.16, which is the low point included in the MRHAB-T indicator.

So, the key is whether it can move higher than 20798.16.


(1D chart)

In the SR_R_C indicator, the Stoch RSI and CCI indicators entered the overbought zone, but the Stoch RSI indicator is showing a departure from the overbought zone.

At this time, the key is whether the support and resistance points can be supported by rising above the 20131.46 point, which is the -100 index point included in the MRHAB_T index.

If not, I expect to find resistance at 20131.46 and move lower.


No matter what method or format is analyzed, in the end, the win or loss of a trade will be different depending on how you create a trading strategy.

If you're making steady profits, it's likely that you've crafted a good trading strategy, not because you've been good at analytics.

You should invest more in the practice of creating a trading strategy that suits your investment style than the time you spend analyzing charts.

Comment:

(USDC 1D chart)