readCrypto

Bitcoin (BTC) - September 25

BITMEX:XBTUSD.P   Bitcoin
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(USDT Dominance 1D Chart)
It fell after touching the 5.003 point.
We'll have to see if it can go down the 4.511-4.613 range or below.
You should also see if it falls below the short-term uptrend line (2).

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(BTC Dominance 1D Chart)
It remains to be seen if it can drop below the 61.525 point around September 26 (September 25-27) and below the downtrend line (4).
If it falls below the downtrend line (1), altcoins are expected to see more price increases.
Therefore, I think it is important to make sure that you are falling below the downtrend line (1).

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It rose by breaking through the 10591.5 point.
You must make sure you are supported at 10591.5.

You also need to see if it breaks through the two short-term downtrend lines and rises above the 11072.0 point.

If it falls at the 10591.5 point or fails to rise above the 11072.0 point after breaking through the two short-term downtrend lines, I think there is a possibility that it will fall below the 10088.5 point.

In order to maintain expectations for the upside, you need to get support at 10591.5.

It is located in an unpredictable section, so when the price of the coin you are investing increases, I think that minimal trading is necessary to preserve your own profit and loss.
I encourage you to think about how to do this.

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(Binance BTCUSDT 1D Chart)
Check the support and resistance points or sections.

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(Bithumb BTCKRW 1D chart)
Check the support and resistance points or sections.

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


** 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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