Bitcoin (BTC) - October 28 (Trend Expansion-3)
Hello?
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.
-------------------------------------------------- -----
It is on the rise, breaking above the uptrend line (8).
You need to see if you can get support at the uptrend line (8) or at 13500.0.
If it rises above 13970.0 and then falls, it is expected that further gains will be possible only after support at 13500.0.
If it falls at the uptrend line (9), it is a short-term Stop Loss.
Altcoins need to rise to give more power to the BTC price rise.
We will see if there can be a section for that.
It is getting closer to the expected target range of 14919.51-15459.99.
-------------------------------------------------- -----
(Coinbase BTCUSD 1D chart)
It is breaking above the uptrend line (3).
You need to see if you can get support at the uptrend line (3).
If it falls at the uptrend line (4), it is a short-term Stop Loss.
It is rising above the 13660.56 point of the Fibonacci retracement rate.
It remains to be seen whether the Fibonacci retracement ratio range, 13660.56-14247.46, will form a support zone for strength.
So, we have to see if we can climb above the 13868.44 point.
-------------------------------------------------- ------
(OKEX BTCUSDT 1D chart)
It breaks above the uptrend line (3) and is rising along the trend line.
It remains to be seen if the large gains on October 27 could rise above 13971.4 points around October 30.
Also, if you go down, you should also check if you get support at 13150.0.
If it falls from the newly formed uptrend line (4), it is a short-term stop loss.
-------------------------------------------------- -----
(BTC Dominance 1D Chart)
You need to make sure you can get resistance at point 63.38.
We will also see if it will fill the previous gap segment 66.39-64.63.
We look forward to seeing resistance at 63.38 and falling, allowing altcoins to create an uptrend as well.
-------------------------------------------------- ------
(USDT Dominance 1D Chart)
It is declining at 4.163 points due to volatility around October 27th.
It remains to be seen if it can fall below the uptrend line (4).
Also, if you go up, you should see if you can get resistance at the downtrend line (1) or at 4.163 points.
-------------------------------------------------- -------------------------------------------
** 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 must 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.
-------------------------------------------------- -----
It is on the rise, breaking above the uptrend line (8).
You need to see if you can get support at the uptrend line (8) or at 13500.0.
If it rises above 13970.0 and then falls, it is expected that further gains will be possible only after support at 13500.0.
If it falls at the uptrend line (9), it is a short-term Stop Loss.
Altcoins need to rise to give more power to the BTC price rise.
We will see if there can be a section for that.
It is getting closer to the expected target range of 14919.51-15459.99.
-------------------------------------------------- -----
(Coinbase BTCUSD 1D chart)
You need to see if you can get support at the uptrend line (3).
If it falls at the uptrend line (4), it is a short-term Stop Loss.
It is rising above the 13660.56 point of the Fibonacci retracement rate.
It remains to be seen whether the Fibonacci retracement ratio range, 13660.56-14247.46, will form a support zone for strength.
So, we have to see if we can climb above the 13868.44 point.
-------------------------------------------------- ------
(OKEX BTCUSDT 1D chart)
It remains to be seen if the large gains on October 27 could rise above 13971.4 points around October 30.
Also, if you go down, you should also check if you get support at 13150.0.
If it falls from the newly formed uptrend line (4), it is a short-term stop loss.
-------------------------------------------------- -----
(BTC Dominance 1D Chart)
We will also see if it will fill the previous gap segment 66.39-64.63.
We look forward to seeing resistance at 63.38 and falling, allowing altcoins to create an uptrend as well.
-------------------------------------------------- ------
(USDT Dominance 1D Chart)
It remains to be seen if it can fall below the uptrend line (4).
Also, if you go up, you should see if you can get resistance at the downtrend line (1) or at 4.163 points.
-------------------------------------------------- -------------------------------------------
** 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 must trade from a short-term investment perspective.)
[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/
You need to make sure you can get resistance at point 63.38.
If it rises above the 63.38 point, altcoins are expected to record further declines.
(USDT Dominance 1D Chart)
It remains to be seen if it will touch the downtrend line (2).