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(1D chart)
It rose with support in the 11226.5-11306.0 range.
I think you did a good job of defending the SHORT that occurred when you got out of the RSI overbought section.
It is expected that there will be pain to break above the 11460.0 point.
It can be pushed out at once, so I think you should keep in mind whether you are supported at 11072.0.
Looking at the wRSI_SR indicator, we expect to see an oversold signal sooner or later.
Even if the oversold signal does not appear, it is expected to rise above 20.0, so the short term LONG is expected to dominate.
(1h chart) - short-term strategy
LONG's position that I mentioned yesterday is still in progress.
It is possible to reconfirm support at 11362.5.
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(USDT Dominance 1D Chart)
It proceeded contrary to the expected trend around October 17th.
So, it remains to be seen if it could drop near the 4.163 point around October 28 (October 27-29).
Watch when there is a move that deviates from the downtrend line (1)-(3).
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(BTC Dominance 1D Chart)
You need to see if you can fall below the uptrend line (5).
We believe the next volatility period is likely to occur around October 24 (October 23-25).
If it falls below the downtrend line (1), the price of altcoins is expected to rise.
If it rises above 61.20 points, altcoins are expected to increase the number of coins that renew their lowest price this year.
Therefore, you have to resist and fall at the downtrend line (2).
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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 profit generation 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 should trade from a short-term investment perspective.
GAP refers to the difference in prices that occurred when CME and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
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.
-------------------------------------------------- -----
(1D chart)
I think you did a good job of defending the SHORT that occurred when you got out of the RSI overbought section.
It is expected that there will be pain to break above the 11460.0 point.
It can be pushed out at once, so I think you should keep in mind whether you are supported at 11072.0.
Looking at the wRSI_SR indicator, we expect to see an oversold signal sooner or later.
Even if the oversold signal does not appear, it is expected to rise above 20.0, so the short term LONG is expected to dominate.
(1h chart) - short-term strategy
LONG's position that I mentioned yesterday is still in progress.
It is possible to reconfirm support at 11362.5.
-------------------------------------------------- ------
(USDT Dominance 1D Chart)
So, it remains to be seen if it could drop near the 4.163 point around October 28 (October 27-29).
Watch when there is a move that deviates from the downtrend line (1)-(3).
-------------------------------------------------- ----
(BTC Dominance 1D Chart)
We believe the next volatility period is likely to occur around October 24 (October 23-25).
If it falls below the downtrend line (1), the price of altcoins is expected to rise.
If it rises above 61.20 points, altcoins are expected to increase the number of coins that renew their lowest price this year.
Therefore, you have to resist and fall at the downtrend line (2).
-------------------------------------------------- -------------------------------------------
** 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 profit generation 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 should trade from a short-term investment perspective.
GAP refers to the difference in prices that occurred when CME and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
[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/
