readCrypto

Bitcoin (BTC) - October 2

BITMEX:XBTUSD.P   Bitcoin
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The volatility period on the XBTUSD chart has ended.

Weak volatility occurred on October 1st, creating a fluctuation range of 10450.0-10980.0.

You need to make sure it is supported at 10591.5.

If you fell at the long-term uptrend line (1) but gained support at 10591.5, you would expect to rise above the uptrend line (1) quickly.

If you sideways between the uptrend line (3)-(1) near the 10591.5 point, volatility is expected around October 8.

If it falls below the uptrend line (3), I think it is possible to touch the 10088.5-10318.0 section around October 6.

We will see if the motion can continue in the area of ​​expanded triangular convergence.

When it falls on each trend line, it is a short-term Stop Loss.

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(USDT Dominance 1D Chart)
Weak volatility occurred on October 1.
Volatility is expected to occur around October 2nd (October 1-3).

We have to see if we can get resistance at 4.742 or at the uptrend line (2) and move down.

You will also have to see if you can touch the downtrend line (1), falling below the 4.511 point.

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(BTC Dominance 1D Chart)
We have to see if we can get resistance at 59.25 or at the downtrend line (2) and move downward.

We have to watch for volatility to hit the downtrend line (1) or the 58.020 point around October 6.

The BTC Dominance chart has been revised throughout, so take time to read the changes.

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About October 28, when maximum volatility is expected to occur, is about a month left.
The most important thing is to generate money, so I think it's time to trade to earn money.

** 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 generating profit 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 must trade from a short-term investment perspective.)

[Example of exchange chart setup]

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

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