Bitcoin (BTC) - October 10
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(BTCUSDTPERP 1D Chart)
- If it rises above 20794.4, the main position is 'LONG'.
- The 19424.9-20794.4 section is a quick response section.
- If it falls below 19424.9, the main position is 'SHORT'.
The price must remain above the HA-Low indicator to transition to an uptrend.
Therefore, it is important to find support and move higher near 19424.9 (19355.6-19607.9).
The price needs to remain above the HA-High indicator to sustain the uptrend.
Therefore, it should rise to around 20794.4.
We need to see if we can continue the uptrend while holding the price within the short-term uptrend channel.
Otherwise, it is expected to decline to around 18374.4.
Therefore, it is important to see whether the current section is supported or not.
(1h chart)
It is moving around 0.5 of the Fibonacci drawn on the 1h chart.
This is around 0.707 of Fibonacci plotted on a 1D chart.
Therefore, if it is supported and rises in the current section, it is expected to rise to the 0.618 section of the 1h chart and the 0.618 section (19607.9-19802.9) of the 1D chart.
When it falls below 19355.6,
1st support: 19076.8-19260.9
2nd support: 18374.1-18895.1
On the 1D chart, when the price changes to an uptrend, that is, when it rises above 19607.9 and maintains the price, if it rises above the 120EMA line, a sharp rise is expected.
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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.)
---------------------------------
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
- The 19424.9-20794.4 section is a quick response section.
- If it falls below 19424.9, the main position is 'SHORT'.
The price must remain above the HA-Low indicator to transition to an uptrend.
Therefore, it is important to find support and move higher near 19424.9 (19355.6-19607.9).
The price needs to remain above the HA-High indicator to sustain the uptrend.
Therefore, it should rise to around 20794.4.
We need to see if we can continue the uptrend while holding the price within the short-term uptrend channel.
Otherwise, it is expected to decline to around 18374.4.
Therefore, it is important to see whether the current section is supported or not.
(1h chart)
It is moving around 0.5 of the Fibonacci drawn on the 1h chart.
This is around 0.707 of Fibonacci plotted on a 1D chart.
Therefore, if it is supported and rises in the current section, it is expected to rise to the 0.618 section of the 1h chart and the 0.618 section (19607.9-19802.9) of the 1D chart.
When it falls below 19355.6,
1st support: 19076.8-19260.9
2nd support: 18374.1-18895.1
On the 1D chart, when the price changes to an uptrend, that is, when it rises above 19607.9 and maintains the price, if it rises above the 120EMA line, a sharp rise is expected.
------------------------------
- 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.
------------------------------------------------------------ -----------------------------------------------------
** 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:
(USDT 1D Chart)
If it rises above 68.468B, the coin market is likely to see an uptrend.
(USDC 1D Chart)
However, the outflow of funds from USDC must stop.
(BTC.D 1D Chart)
What you can tell by BTC dominance is whether your funds are being concentrated towards BTC or altcoins.
Therefore, when BTC dominance rises, it can be interpreted that funds are concentrated towards BTC.
At this time, if the BTC price is falling, it means that the altcoin is greater than the BTC decline.
Therefore, it can be seen that the funds are rapidly flowing out towards the altcoins, and thus the funds are concentrating on the BTC side.
(USDT 1D Chart)
USDT Dominance tells the overall rise and fall of the coin market.
However, USDT dominance rises when funds flow into the coin market through USDT.
Therefore, the USDT, USDC, USDT.D and USDC.D charts should continue to trend upward.
Therefore, the trend of USDT.D and USDC.D charts is meaningless.
If the current USDT.D and USDC.D charts show a decline, it can be interpreted that the coin market is likely to show an uptrend.
Conversely, if there is an uptrend, the coin market is likely to go down.
(DXY 1M chart)
A break below the 106.130-108.510 zone is required to break out of the strong dollar.
So, the key is whether the 114.315-123.460 zone can find resistance and move down.
(USDC 1D Chart)
(BTC.D 1D Chart)
Therefore, when BTC dominance rises, it can be interpreted that funds are concentrated towards BTC.
At this time, if the BTC price is falling, it means that the altcoin is greater than the BTC decline.
Therefore, it can be seen that the funds are rapidly flowing out towards the altcoins, and thus the funds are concentrating on the BTC side.
(USDT 1D Chart)
However, USDT dominance rises when funds flow into the coin market through USDT.
Therefore, the USDT, USDC, USDT.D and USDC.D charts should continue to trend upward.
Therefore, the trend of USDT.D and USDC.D charts is meaningless.
If the current USDT.D and USDC.D charts show a decline, it can be interpreted that the coin market is likely to show an uptrend.
Conversely, if there is an uptrend, the coin market is likely to go down.
(DXY 1M chart)
So, the key is whether the 114.315-123.460 zone can find resistance and move down.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
In particular, you need to see if you can sustain the price above the long-term downtrend line (1).
It needs to move higher than 11371.9 to break out of the bearish channel.