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Bitcoin (XBTUSD, BTC1!, BTM1!) - November 10

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BITMEX:XBTUSD.P   Bitcoin
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(1D chart)
You should check for movements that deviate from the 14838.0-15791.5 zone due to volatility around November 10 (November 9-11).
You also have to see if you can climb along the uptrend line (8).

If you are supported at 14838.0, this is a new entry point.

It is expected to absorb the amount of water as it moves up and down a lot with considerable fluctuation.

In a market situation where it is not easy to trade, I think the way to avoid double losses is to be directed, move, and find a trading spot.


(1h chart)-short-term strategy
Among the previous short-term strategies, it ended with Stop Loss after reaching the 1st target point of the SHORT strategy.

Movement came out around the 15340.0-15395.5 section.
Additionally, support and resistance were identified between the uptrend line (B)-(8).
Short-term strategies for this have been described.

If you cannot continue to see the chart after entering, it is recommended not to enter.
We believe that volatility is likely to occur near the time indicated on the chart.


(LONG)
1.Entry point: When rising above the 15340.0-15395.5 section, supported by the upward trend line (8)
Target point: 1st 15553.0 point or higher, 2nd 15776.5 point or higher
(However, if it falls below the uptrend line (8) or falls below the 15340.0 point, it is a Stop Loss.)

2. Entry point: When supported in the section 14669.0-14838.0 and breaks above the 14838.0 point
Target point: 16384.5 points or more
(However, if it rises above 15340.0 and falls from 15340.0, it is Stop Loss.)

(SHORT)
Entry point: When rising above 15395.5 point and breaking down below 15340.0 point
Target point: 1st 15102.0 point or less, 2nd 14863.0 point or less
(However, if it rises above the upward trend line (B), it is Stop Loss.)

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(CME Bitcoin (BTC1!) 1D chart)
Today's gap is 15450.0-15435.0. (Not shown on the chart.

We need to check if the volatility around November 11 (November 10-12) results in a movement that deviates from the 14970.0-16220.0 range.

If it falls, we have to see if we can get support above 14170.0 and move above 14970.0.

We have to see if we can climb along the uptrend line (7).

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(BTC Dominance 1D Chart)
You should check for any movement that deviates from 64.63-66.39.
In order to expect the altcoin to rise, I think it must fall near the 63.38 point or fall below the 63.38 point.

As funds are concentrated in BTC, there is a market situation where some altcoins are pumping.
Although it is difficult to access the market, I think it is better to understand the movement of the coins you want to invest in, and the points of support and resistance in such a case.

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(USDT Dominance 1D Chart)
Between 7-12 November, you should check for any movement that deviates from the 3.760-4.390 segment.

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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 must trade from a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: closing price when closed
G2: Market price at the time of opening
Comment:
(BAKKT Bitcoin (BTM1!) 1D chart)
Today's gap is 15412.5-15357.5. (Not shown on the chart.
You should check if there is any movement outside the 14955.0-15699.0 range due to volatility around November 10 (November 9-11).

[Example of exchange chart setup]

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

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