readCrypto

Bitcoin (BTC) - September 7

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
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(1D chart-Fibonacci retracement percentage display)
Take a look with this chart.

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You need to make sure you can get support at 10300.0.

You'll need to see if you can rise above the uptrend line (5) after the first of the two times on the chart.

If you deviate from the downtrend line (6) above the uptrend line (5) and above 10591.5 points, you are likely to touch the uptrend line (4) or the interval 10968.0-11072.0.

If you touch the uptrend line (4) and fall, you should get support at the uptrend line (5).

If you touch the 10968.0-11072.0 range and fall, you should get support at 10591.5.

If you follow the instructions above, I think there is a high possibility that it will rise above 11516.5 points in the near future.

I think this suggests the possibility of a re-challenge at 12308.5, the Fibonacci retracement rate point.

If you don't get above the uptrend line (5), you should check if you're getting support above 10300.0 after the second time on the chart.

If you are above the 10300.0 point and deviate from the downtrend line (6), you are likely to touch the uptrend line (4) or 10968.0-11072.0.

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(USDT Dominance 1h Chart)
It remains to be seen if it can move below the 4.163 point along the downtrend line.

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(BTC Dominance 1D Chart)
It is falling after resistance at the downtrend line (1).
We must see if we can continue to gain resistance at the downtrend line (1).
I think it's good to move down along the trend line while being positioned between the downtrend line (1)-(2).
I think the volatility period on the BTC dominance chart is from touching the 50.740-58.020 range.
The period of volatility is expected to begin around October 28th.

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** 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.)
Comment:
(USDT Dominance 1h Chart)
USDT dominance movement is slowing, gaining support at 4.475 and rising.
It is expected to touch the downtrend line or point 4.601 and move down the trend line.
You should watch it move in the flow shown on the chart.

[Example of exchange chart setup]

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

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