Bitcoin (BTC) - November 10
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(USDT 1D Chart)
(USDC 1D Chart)
If funds continue to flow through USDT, the coin market is likely to rise.
However, if the outflow of funds through USDC does not stop, there is a possibility of limiting the increase.
(USDT.D 1W chart)
A rise in USDT dominance means a decline in the coin market.
Therefore, for the coin market to show an upward trend, the USDT dominance must continue to decrease.
(BTC.D 1D Chart)
The decline in BTC dominance means that the money in the coin market is concentrated towards altcoins.
Therefore, a decline in BTC dominance even though the current BTC price is falling means that the altcoin is defending its price.
The 39.56-40.44 range of BTC dominance is an area where large volatility can occur.
Therefore, more volatility is likely to occur in the near future.
It remains to be seen whether this volatility will lead to an uptrend or a bigger decline.
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(BTCUSDTPERP 1D Chart)
In order to rise as mentioned in the big picture, it had to fall to the 13K-15K section and finally entered.
So, the time has come to start buying to profit from bull markets.
It is recommended to start buying when you see support in the 13121.7-15908.2 section.
In addition, it is also necessary to check whether the bottom section is made, but when you find out that you have made the bottom section, it is likely that it is already in a high price range, so it is necessary to carefully observe the movement.
The fall to 15K, I think two important sections were formed.
1st section: 19411.7-20794.4
2nd section: 13121.7-15908.2
Therefore, if it is supported in the second section and rises above the first section, the coin market is expected to show an upward trend.
However, there is a possibility that it may rise in the second section and decline in the 1.13 (17590.0) ~ 0.886 (18644.6) section, which is the trend-based Fibonacci ratio section.
In any case, if it is supported in the second section, the coin market will eventually gain the strength to continue its upward trend.
The next volatility period is around November 10th.
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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.
-------------------------------------
(USDT 1D Chart)
(USDC 1D Chart)
If funds continue to flow through USDT, the coin market is likely to rise.
However, if the outflow of funds through USDC does not stop, there is a possibility of limiting the increase.
(USDT.D 1W chart)
Therefore, for the coin market to show an upward trend, the USDT dominance must continue to decrease.
(BTC.D 1D Chart)
Therefore, a decline in BTC dominance even though the current BTC price is falling means that the altcoin is defending its price.
The 39.56-40.44 range of BTC dominance is an area where large volatility can occur.
Therefore, more volatility is likely to occur in the near future.
It remains to be seen whether this volatility will lead to an uptrend or a bigger decline.
---------------------------------------
(BTCUSDTPERP 1D Chart)
In order to rise as mentioned in the big picture, it had to fall to the 13K-15K section and finally entered.
So, the time has come to start buying to profit from bull markets.
It is recommended to start buying when you see support in the 13121.7-15908.2 section.
In addition, it is also necessary to check whether the bottom section is made, but when you find out that you have made the bottom section, it is likely that it is already in a high price range, so it is necessary to carefully observe the movement.
The fall to 15K, I think two important sections were formed.
1st section: 19411.7-20794.4
2nd section: 13121.7-15908.2
Therefore, if it is supported in the second section and rises above the first section, the coin market is expected to show an upward trend.
However, there is a possibility that it may rise in the second section and decline in the 1.13 (17590.0) ~ 0.886 (18644.6) section, which is the trend-based Fibonacci ratio section.
In any case, if it is supported in the second section, the coin market will eventually gain the strength to continue its upward trend.
The next volatility period is around November 10th.
------------------------------
- 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.)
---------------------------------
Comment:
(USDT 1D Chart)
A bearish candle is being built.
This bearish candle is believed to be caused by the use of USDT in the coin market.
Therefore, it is considered that the purchase of coins (tokens) is in progress.
For more details, let's look at the state of the candle today when it closes.
This bearish candle is believed to be caused by the use of USDT in the coin market.
Therefore, it is considered that the purchase of coins (tokens) is in progress.
For more details, let's look at the state of the candle today when it closes.
Comment:
(BTCUSDTPERP 1D Chart)
We need to see if we can break through the 1.13 (17590.0) to 0.886 (18644.6) range.
If not, it could fall back to around 15908.2, so we need to think about countermeasures.
Therefore, it is recommended to recover the amount of an aggressive purchase as much as the purchase principal depending on whether or not it is breached.
If not, it could fall back to around 15908.2, so we need to think about countermeasures.
Therefore, it is recommended to recover the amount of an aggressive purchase as much as the purchase principal depending on whether or not it is breached.
Comment:
(BTC.D 1D Chart)
The decline in BTC dominance means that funds are being concentrated towards altcoins.
As BTC dominance sits in the 39.56-40.44 zone with a high probability of large volatility, we expect more volatility in the near future.
If this volatility leads to an uptrend in the coin market, the USDT dominance will decline.
Otherwise, USDT dominance will rise.
(USDT.D 1D Chart)
If USDT dominance declines, the coin market is likely to rise.
We need to see if we can drop below 7.86.
If not, chances are it will rise again.
As BTC dominance sits in the 39.56-40.44 zone with a high probability of large volatility, we expect more volatility in the near future.
If this volatility leads to an uptrend in the coin market, the USDT dominance will decline.
Otherwise, USDT dominance will rise.
(USDT.D 1D Chart)
We need to see if we can drop below 7.86.
If not, chances are it will rise again.
Comment:
(USDT 1D Chart)
(USDC 1D Chart)
A movement like the one above is virtually unpredictable.
However, funds were flowing into the coin market through USDT, and recently, funds were flowing into the coin market through USDC.
This movement of funds is likely to lead the coin market to an uptrend.
Since there is still a significant amount of money flowing out through USDC, the key is whether the funds can continue to flow in.
What we need to believe is the movement of funds.
(USDC 1D Chart)
A movement like the one above is virtually unpredictable.
However, funds were flowing into the coin market through USDT, and recently, funds were flowing into the coin market through USDC.
This movement of funds is likely to lead the coin market to an uptrend.
Since there is still a significant amount of money flowing out through USDC, the key is whether the funds can continue to flow in.
What we need to believe is the movement of funds.
Comment:
Whether the coin market continues its uptrend or goes down, if BTC is below 29K, you need to take a short-term response.
However, if it drops to around 13K-15K, you should buy coins (tokens) that will make a profit in the upcoming bull market.
However, if it drops to around 13K-15K, you should buy coins (tokens) that will make a profit in the upcoming bull market.
[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/
It is necessary to confirm whether the breakthrough will succeed or fail.