readCrypto

Bitcoin (BTC) - November 7

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(USDT 1D Chart)

(USDC 1D Chart)

(USDT.D 1D Chart)
The key is to find resistance near the 6.90 area and continue the decline towards 6.21.


(NAS100USD 1D Chart)
We need to see if it can hold above the downtrend line (1) and above the 0.618 (10829.6).

If it doesn't, there's a good chance it will drop below 10478.6.

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(BTCUSDT 1W Chart)
The key is to maintain the price in the 20798.16-21838.98 zone and move above 22579.68.

If not, you should see if you can keep the price above 20050.02.


(1D chart)
It is necessary to check if there is any movement out of the 20798.16-21475.02 section between around November 7 (November 6-8).

If the price is maintained above 21475.02, it is expected that it will lead to an attempt to break through the M-Signal line of the 1W chart in the near future.

At this point, the important thing is to keep the price above 21475.02 in case of a failed breakout attempt.


If it falls below 20798.16, we need to see if there is support in the 20342.50-20663.25 zone.

If not, you need to be careful as the touch of 20050.02 will likely strengthen the downward force.


Even if it rises from the 20798.16-21838.98 section, which is the support and resistance section, if it does not show support by rising above 22579.68, you should think that it is still receiving resistance.

Therefore, if the Heikin Ashi body turns into a bearish indicator, it is recommended to partly sell to preserve the profit.

If you preserve the profit and loss in this way, you will be able to get psychological stability even if you shake it up and down, and you will be able to wait.


If the outflow of funds through USDC stops even for a few days, it is expected that the upward trend will continue due to the strength of funds inflows through USDT and existing funds.

To do that, we need to ensure that USDT dominance continues to decline.

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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)
Comment:
(CROUSDT 1D Chart)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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