Bitcoin (BTC) - October 20

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(USDT 1D Chart)

(USDC 1D Chart)

The rise of the candles of stablecoins such as USDT and USDC means an increase in stablecoins generated by selling coins in the coin market.

In stablecoins, the inflow of new funds is expressed as a rise in the gap.


(NAS100USD 1D Chart)

The key is to find support and move up in the 1.13-0.886 range, the right-hand Fibonacci ratio range.

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(BTCUSDT 1D Chart)
Bollinger Bands (60) are starting to converge.

Therefore, the key is whether the price can be sustained above the 60 SMA, the central line of the Bollinger Bands.


For that, it is important to be supported and rise in the section 19176.93-19530.09, which is the volume pfofile section that has been created recently.

If it rises, you should check to see if it is supported by rising above 20050.02-20131.46.


If it fails to do so, it is expected to decline to around 18535.11.

At this point, you need to be careful as it may touch the downtrend line (2) and move up.


In the HA SRRC indicator, the StochRSI indicator is showing a downward trend in the overbought zone.

Therefore, it is necessary to check where support and resistance are found when a decline occurs in the overbought zone.


Since the HA-Low and MS-Signal indicators are passing in the 19176.93-19530.09 section, if support is confirmed in this section, an aggressive buying is possible.

This aggressive buy
Primary resistance: 20050.02-20131.46
Secondary resistance: 20798.16-21838.98
It is expected to receive resistance in either of the two resistance intervals.


The next volatility period is around October 23 (October 22-24).

Therefore, it is necessary to check the movement of volatility that occurs at this time.

The Bollinger Bands (60) span 18353.11-21475.02, so if you don't deviate from that range, you're going to have a boring sidewalk anyway.

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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.

** HA SRRC indicators are expressed 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)

As the width of the MS-Signal indicator becomes thinner, it is more likely to lead to a bullish breakout.

At this time, the key is whether the price can be maintained by rising above the 19216.3-19260.9 section.

Comment:

If it rises above 19216.3 and is supported, it is possible to enter the 'LONG' position.

However, as there is a possibility of resistance at 0.382 (19260.9) and section 1, it is expected that split profit will be realized.

On the 1D chart, it needs to move higher than 19424.9 to turn into an uptrend.