readCrypto

Bitcoin (BTC) - October 26

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTC.D 1D Chart)
For the coin market to continue its upward trend, BTC price must rise first.

In order to do that, we need to show that the funds are concentrating towards BTC.

If funds are concentrated towards BTC, BTC dominance will rise.

(USDT.D 1D Chart)
This is because a decline in USDT dominance is likely to lead to an uptrend in the coin market.


(NAS100USD 1D Chart)
If it stays above 11373.2 until around October 28, it is expected to move higher around 11942.9-12119.2.

If not, it is necessary to check if support is provided in the 1.13 (10689.2)-0.886 (11344.2) range, which is the right-hand Fibonacci ratio range.

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(BTCUSDT 1D Chart)
The key is whether the price can be maintained in the 20050.02-20131.46 range or higher.

In order to continue the upward trend, it must rise above the HA-High indicator.

However, since it is close to the resistance section of 20798.16-21838.98, it is expected that the uptrend can be continued only after receiving support from the 20798.16-21838.98 section.


If it falls below 20050.02 and finds resistance, we should check to see if it finds support near 19695.87.

This is because a decline below 19695.87 is likely to lead to a bigger decline.


Bollinger Bands continue to contract and converge.

Therefore, we must not forget that the current sideways trend has been maintained.

To get out of the sideways section, it must rise above 21475.02 or fall below 18353.11.


The next volatility period is around November 7.

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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:
(ETHUSDT 1D chart)
Comment:
(BTCUSDT 1D Chart)
If it is confirmed that it is supported in the section 21457.02-21838.98,
Primary resistance: 23948.63
2nd 25700.0
It is expected to rise into the above resistance zone.

It entered the resistance zone by rising above the HA-High index and above 20798.16.

Therefore, you need to be careful about movement in the section 20798.16-21838.98.
Comment:
You need to check if the volume trend is closing in an uptrend.

[Example of exchange chart setup]

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

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