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Bitcoin (BTC) - October 21 (Keep the trend)

BINANCE:BTCUSDT   Bitcoin / TetherUS
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If it falls, you need to make sure you get support at 11748.20.
We need to see if it can rise along the uptrend line (3).

If it falls from the uptrend line (3) or (7), it is a short-term Stop Loss.

You need to make sure it rises, like the flow of A plotted on the Volume indicator.

We need to break above the breakthrough point of 12123.46 and see if it gives altcoins time to rise.

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(OKEX BTCUSDT 1D chart)
If it falls, we need to make sure we get support at 11762.7.
From around October 24th, we should also see if it moves up along the uptrend line (2).
If it falls from the uptrend line (2), it is a short-term Stop Loss.

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(Coinbase BTCUSD 1D chart)
If it falls, we need to make sure it is supported at 11753.85.
From around October 23rd, we should also watch the upward trend line (2).
If it falls from the uptrend line (2), it is a short-term Stop Loss.

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( BTC Dominance 1D Chart)
It is rising above 61.20 points.
The concentration of funds is being maximized with BTC coins.
You'll have to keep rising and see if it touches the 63.38 point.
Also, we need to see if it could fall below the downtrend line (3) around October 24th.

In order for altcoins to start rising, it is expected that BTC price must enter the 12K range.

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(USDT Dominance 1D Chart)
It shows a lot of volatility .
We need to see if there is any flow that deviates from the downtrend line (1)-(3).

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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.

Comments

New to Trade View, and to cryptocurrencies for that matter. However, I liked your style of analysis, covered all relevant points of entry, long and short, thorough as can be, while remaining concise, not wasting anyone’s time, including your own, flawless execution of presentation. I’ll be paying attention to your posts.
+1 Reply
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