Bitcoin (BTC) - The key to accelerating the movement is Volume!!
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Breaking through the downtrend line (6) and rising.
If it falls, we need to see if we can get support at 11244.0.
If it falls below the downtrend line (6), it is a short-term Stop Loss.
In order to turn the trend, it must be supported at 11516.5 points or higher.
In addition, if it rises along the uptrend line (5), it is expected to rise near the 14K zone as the last rise this year.
I think the key to accelerating movement is Volume.
You should watch for additional volume increases.
If the Volume doesn't increase, it will eventually fall.
(1D chart)
Volume should increase as shown in the volume secondary indicator.
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(USDT Dominance 1D Chart)
Due to the volatility that occurred around October 9th (October 8-10), it is falling below the 4.511 point.
You should check if you can get resistance at point 4.511.
It remains to be seen whether volatility around October 17th (October 16-18) can cause a decline below the downtrend line (1) and rise above the downtrend line (3).
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(BTC Dominance 1D Chart)
BTC dominance is on the rise as BTC price rises.
I think it means that the funds are concentrated in BTC.
I think that the concentration of funds in BTC is important to accelerate the movement.
I think the dominance, which will rise due to the price increase of BTC, should get resistance near some point and then fall again.
If the dominance continues to rise with the BTC price rise, I think the coin market will eventually turn into a bear market.
In that sense, I think the downtrend lines (1) and (2) are important trend lines.
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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 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.)
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.
-------------------------------------------------- -----
Breaking through the downtrend line (6) and rising.
If it falls, we need to see if we can get support at 11244.0.
If it falls below the downtrend line (6), it is a short-term Stop Loss.
In order to turn the trend, it must be supported at 11516.5 points or higher.
In addition, if it rises along the uptrend line (5), it is expected to rise near the 14K zone as the last rise this year.
I think the key to accelerating movement is Volume.
You should watch for additional volume increases.
If the Volume doesn't increase, it will eventually fall.
(1D chart)
-------------------------------------------------- --------
(USDT Dominance 1D Chart)
You should check if you can get resistance at point 4.511.
It remains to be seen whether volatility around October 17th (October 16-18) can cause a decline below the downtrend line (1) and rise above the downtrend line (3).
-------------------------------------------------- ----------
(BTC Dominance 1D Chart)
I think it means that the funds are concentrated in BTC.
I think that the concentration of funds in BTC is important to accelerate the movement.
I think the dominance, which will rise due to the price increase of BTC, should get resistance near some point and then fall again.
If the dominance continues to rise with the BTC price rise, I think the coin market will eventually turn into a bear market.
In that sense, I think the downtrend lines (1) and (2) are important trend lines.
-------------------------------------------------- -------------------------------------------
** 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/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance BTCUSDT 1D Chart)
(OKEX BTCUSDT 1D chart)
(Bitstamp BTCUSD 1D chart)
(Bithumb BTCKRW 1D chart)