readCrypto

Bitcoin (XBTUSD, BTC1!, BTM1!) - November 9

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BITMEX:XBTUSD.P   Bitcoin
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(1D chart)
We have to see if we can ascend above the 15568.5 point.

The volatility around November 10th should be checked for movement outside the 14838.0-16384.5 range.

If it falls at 15143.0, it is a short-term Stop Loss.
Also, if it falls from 14838.0 point, I think it is necessary to trade in installments to preserve profit and loss.

Support testing is expected to follow.
Please check the support and resistance points or sections to withstand this.


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

We have written a short-term strategy for short-term stop loss and breaking through important highs.
We expect there will be a support test, so keep an eye on the charts after entering the strategy.
If you still cannot see the chart, it is recommended not to enter.


(LONG)
Entry point: When exceeding the 15791.5 point
Target point: 1st 16384.5 points or higher, 2nd 16700.0 points or higher
(However, the Stop Loss point is 15568.5 points.)

(SHORT)
Entry point: When breaking below 15143.0 point
Target points: 1st 14838.0 points or less, 2nd 14669.0 points or less
(However, the Stop Loss point is 15340.0 point.)

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(CME Bitcoin (BTC1!) 1D chart)
Today's gap is 15630.0-15665.0. (Not shown on the chart.)

You should check for possible movement outside the 14970.0-16220.0 range.

We have to see if we can ascend above 15825.0 points
If it falls from the uptrend line (7) or 15260.0, it is a short-term Stop Loss.

If it falls from 14170.0 point, I think it is necessary to trade in installments to preserve profit and loss.

It's time to trade carefully to avoid double losses due to volatility.

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(BTC Dominus 1D Chart)
You should check for any movement that deviates between the 64.63-down trend line (3).

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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 should 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 15635.0-15662.5. (Not shown on the chart.)
The volatility around November 10th should be checked for movement outside the 14955.0-16261.5 range.

We need to see if it falls below the 15320.0 point to fill the previous gap.

You should also watch as it rises along the uptrend line (7).

[Example of exchange chart setup]

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

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