readCrypto

Bitcoin (BTC) - October 1 (Variability Period)

BITMEX:XBTUSD.P   Bitcoin
Hello?
Dear traders, nice to meet you.

"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.

-------------------------------------------------- -----

The charts showing the overall flow of the coin market are shown as modified.

As the last day of the volatility period, we will see what moves to end with.

We have to see if it rises above the 11072.0 point or if it falls below the 10591.5 point.

We believe that further gains could occur by deviating from the downtrend line (7).
Also, if you climb along the uptrend line (1) or (3), we think expectations for further uptrend will rise.

-------------------------------------------------- -

(USDT Dominance 1D Chart)
The chart has been revised and the previous gap interval disappeared. (Section 4.742-4.633)
It is marked as having a gap today, and the interval is 4.598-4.560.

It remains to be seen if it can move below the downtrend line (3) or 4.511 points.
We have to see if it falls below the downtrend line (1) around October 2nd (October 1-3).

-------------------------------------------------- -

(BTC Dominance 1D Chart)
The chart has been revised and the previous gap interval, 60.951-59.250, has disappeared, and the indicator values ​​appear to have been adjusted as a whole.

There was a gap today, and the range is 59.011-58.646.

It is changed to touch below 58.020 point and rise.
As such, you should check if it has fallen below the 58.020 point after around October 6.

We need to see which direction the shift will move from 56.740 points around October 28, a period of great volatility.

-------------------------------------------------- -------------------------------------------

I think it is a period of volatility from September 21st to October 1st.
Therefore, I think careful trading is necessary.

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/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.