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Bitcoin (BTC) - November 5th (Trend Expansion-11)

BINANCE:BTCUSDT   Bitcoin / TetherUS
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It is rising above the previous high of 13970.0.

We need to see if we can get support at 13970.0 with volatility around November 6.

Since it has risen above the previous high of 13970.0, the stop loss points are as follows. (Please refer to it as you have to consider your own evaluation price.)

1. Short-term stop loss point: 13500.0 point
2. Split Stop Loss point: 13147.08 point
3. Final Stop Loss point: 12780.96 point

You should also see if you can touch the expected 14919.51-15459.99 segment.

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(Coinbase BTCUSD 1D chart)
We have to see if we can climb above the 14221.94 point.

We have to see if we can touch the next Fibonacci retracement rate point 15421.26 by breaking upwards through the Fibonacci retracement rate segment 13660.56-14247.46.

We need to see if we can get support at 14221.94 from volatility around November 5.

Since the 14221.94 point or more was touched, the Stop Loss point is as follows. (Please refer to it as you have to consider your own evaluation price.)

1.Short-term stop loss point: 13660.56 point
2. Split Stop Loss point: 13202.63 point
3. Final Stop Loss point: 12808.0 point

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(OKEX BTCUSDT 1D chart)
We need to make sure we get support at the previous high, 13971.4.

It remains to be seen if volatility around November 6 (November 5-7) could rise above the Fibonacci retracement rate point of 14223.1 points.

Since it has risen above the previous high of 13971.4, the Stop Loss points are as follows. (Please refer to it as you have to consider your own evaluation price.)

1. Short-term stop loss point: 13570.2 point
2. Split Stop Loss point: 13150.0 point
3. Final Stop Loss point: 12729.2 point

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(BTC Dominance 1D Chart)
We have to see if we can get below the 64.63 point.
We also have to see if we can stay between the 64.63-downtrend line (3) until around November 8.

If they break above the downtrend line (3), altcoins are expected to record further declines.

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(USDT Dominance 1D Chart)
It remains to be seen if it can move below the 4.165 point and the downtrend line (1).

Beginning November 6, the downtrend line (2) crosses the point of 4.165.
So, we have to watch the movement around November 6-12.
The maximum variation is expected to be 3.760-4.482.

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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.)

GAP refers to the difference in prices that occurred when the stock market, CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: closing price when closed
G2: Market price at the time of opening

[Example of exchange chart setup]

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

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