readCrypto

Bitcoin (BTC) - October 15

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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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 week's candle closed near the 1.13-0.886 range, the right-hand Fibonacci ratio.

If it does not move out of the bearish channel, it is likely to move towards the 9281.8-9379.2 area. (Left Fibonacci ratio: 1.13-0.886 section)


(DXY 1M chart)
In order for the dollar's strength to ease, it is expected that it should fall below the 106.130-108.510 range.

So, the key is whether the 114.315-123.460 zone can find resistance and move down.

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(BTCUSDT 1W Chart)
The key is whether the uptrend can continue along the uptrend line (2).

Looking at the HA SRRC indicator, the RSI indicator is still in the oversold zone.

So, when you break out of the oversold zone, you need to check to see if it finds support near 19695.87.



(1D chart)
The upside channel (1), 19695.87 or higher is all that matters.

If it doesn't, it is likely to move towards the 18353.11 area.

Therefore, it is necessary to make sure that it can quickly rise above the rising channel (1), 19426.43.


Looking at the HA SRRC indicator, all indicators appear to be out of the oversold zone.

Therefore, it is important to find support or resistance near 19426.43.


The next volatility period is around October 23rd.

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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)
It is necessary to check whether it can be supported in the vicinity of section 2.

If it doesn't, there is a chance that it will drop to segment 3.


If support is confirmed near section 2, it is expected to rise to around 19424.9.

At this point, what matters is whether the price can be maintained above 19355.6.

If it finds support in the 19355.6-19607.9 zone, it is highly likely to turn into an uptrend.
Comment:
(BTCUSDTPERP 1h Chart)
If it declines in section 2, it is expected to decline around section 3.

If not, you should check to see if it is supported near section 1.

If it finds support in section 1, it is highly likely to turn into an uptrend.
Comment:
(BTCUSDTPERP 1M Chart)
(We will refer to Heikin Ashi's Open-Close (body) as Heikin Ashi body in the future.)

In this chart, the index where the trend change occurs first is the fill part expressed by the Heikin Ashi body.

The next indicator of a trend reversal is the MS-Signal indicator.

A trend reversal occurs when these two indicators change from a bearish to an uptrend or from an uptrend to a downtrend.

Therefore, we can see that it needs to rise above 21481.1 to turn into an uptrend.


(1W chart)
If it rises around 19411.7, the Heikin Ashi body is expected to turn into an uptrend.

Therefore, the key is whether it can rise above 19411.7 and receive support.

Otherwise, it is expected to maintain a downtrend.


(1D chart)
It appears that the Heikin Ashi body will turn into an uptrend when it rises near 19216.3.

So, the key is whether it can move higher than 19216.3.

In addition, since the MS-Signal indicator is passing around 19411.7, it is expected that it will change to an uptrend when it rises above 19411.7.

Therefore, the vicinity of 19411.7 becomes the resistance section.


(4h chart)
As it rose above 19076.8, it appears that the current Heikin Ashi body will turn into an uptrend.

Also, since the MS-Signal indicator is passing around 19216.3, it is expected that it will change to an uptrend when it rises above this.


(1h chart)
Currently, it is attempting to break above the MS-Signal indicator.

Therefore, if it succeeds in breaking through, it is likely to turn into an uptrend.

If the upward break fails, you should check to see if there is support in the 19016.3-19076.8 zone.

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The charts you see and trade are different depending on your trading strategy.

However, I think it's basically a good idea to check the trend on a 1D chart and then create a trading strategy.

A quick response is required when trading on a chart with a time period that is lower than a 1D chart.

The core of the trading strategy is
1. Trading Period
2. Investment scale
3. How to trade and how to realize profits

You should create a trading strategy based on the above three key points.

1 and 2 of the core of this trading strategy should not be changed once you have created and started trading.
Comment:
(BTCUSDTPERP 15m chart)
Comment:
(4h)

[Example of exchange chart setup]

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

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