readCrypto

Bitcoin (BTC) - October 5

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

( USDC 1D Chart)

In this rise, someone continues to drain money from the coin market.

For the coin market to continue its upward trend, funds must flow into the coin market.

However, since they are outflowing funds, I think that there is a high possibility that the uptrend will stop, and there will be a bigger decline.

Therefore, it is necessary to seek and trade in response to this.

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(NASDAQ100 1D Chart)
The key is whether it can be supported in the 11371.9-11495.5 section or higher.

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

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( BTCUSDT 1D Chart)
The key is whether the price can be maintained above 20131.46.

If not, you need to check if it is supported near the rising channel (1) in the section 19426.43-1995.87.


To sustain the uptrend, the price must remain above the HA-High indicator.

So, you need to make sure it can rise above 20798.16.


I think the biggest turning point in this ascent is the 20798.16-21838.98 section.

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


The key is whether the volatility around October 6 leads to a movement out of the 19695.87-20798.16 section.

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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: (DXY 1M chart)
The key to stopping the dollar's strength is whether it will fall below the 106.130-108.510 range and find resistance.

It remains to be seen whether this bull market will stop in January 2023.
Comment: (USDC 1D Chart)
It's showing more declines than I posted before.

Gap Falling: Traces of money outflow from the coin market
Gap Rising: Traces of money inflow from the coin market

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