readCrypto

Bitcoin Futures (XBTUSD, BTC1!, BTM1!) - October 27

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BITMEX:XBTUSD.P   Bitcoin
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(1D chart)
We have to see if we will Sideways in the 12814.0-13272.0 section.
If it falls from 12814.0, it is a short-term Stop Loss.
The next volatility period is expected to be around November 6.


(1h chart) - short-term strategy
Among the previous short-term strategies, we were unable to enter because the conditions did not match.

If you had entered LONG among the previous short-term strategies, you would have realized profits at the first target point.
The secondary target point is expected to touch more than 13272.0 points if it rises along the uptrend line (11) after the crossing of the uptrend line (11) and the downtrend line (12).
If it falls below the uptrend line (11), it is a Stop Loss.


Sideways are expected to take place in the 12814.0-13272.0 segment, so the previous short-term strategy remains in effect.

Among the previous short-term strategies, we will change the entry conditions of the LONG strategy.


(LONG)
Entry point: Touching 12814.0 point or short-term uptrend line (10) and rising
Target point: 1st 13116.0 point or higher, 2nd 13272.0 point or higher
(It is recommended to realize profit through two installments.)

(SHORT)
Entry point: Touch the 13272.0 point and drop
Target point: 12974.0 point or less

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(CME Bitcoin (BTC1!) 1D chart)
Today's gap is 13045.0-13050.0. (Not shown on the chart.)

We need to make sure we can get support at 13100.0, the previous gap segment.

You also have to see if you can move up along the uptrend line (6).

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(BAKKT Bitcoin (BTM1!) 1D chart)
Today's gap range is 12902.5-13197.5. (Not shown on the chart.)

We need to see if we can climb above the previous gap segment of 13235.0.

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(BTC Dominance 1D Chart)
We'll see if we can get resistance at 62.35 and drop below 62.12.
Also, make sure you are touching the 63.38 point.

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(USDT Dominance 1D Chart)
You need to check for volatility around October 28 (October 27-29).
It is breaking above the downtrend line (1).
You need to see if you can get resistance at the downtrend line (2).
Also, it remains to be seen if it can fall below the 4.163 point.

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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: closing price when closed
G2: Market price at the time of opening
Comment:
(Bitfinex ETHUSD 1D Chart)
You need to make sure you can get support at the 390.0 point.
If it gains support and rises at a maximum of 377.96, I expect it to break above the downtrend line (9) again.

It is regrettable that ETH dominance has fallen below 11.70, but if it gets support at 10.99, it is expected to rise further.

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(ETH Dominance 1D Chart)
It is declining at 11.70.
We need to see if we can get support around November 1st at 10.99 or at the downtrend line (3).
We have to see if we can get support above 10.99 to create a new wave.
Comment:
(1D chart)

(1h chart)

It is breaking above the uptrend line (7) shown on the 1D chart.
You need to see if it will continue to rise along the uptrend line (7).
Also, you should see if you can touch the 13920.0 point.

[Example of exchange chart setup]

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

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