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Bitcoin (XBTUSD, BTC1!, BTM1!) - November 4

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BITMEX:XBTUSD.P   Bitcoin
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(1D chart)
It broke above the previous high of 13920.0.
We have to see if we can get support at 13920.0 and can climb above 14227.5.

Since it has risen above the 13920.0 point, if it falls at the 13642.5 point, it is a short-term stop loss.
If it falls at 13272.0 point, you need to trade to preserve profit and loss.
If it falls from 12974.0, it is Stop Loss.

If around November 5th (November 4-6) the price can be maintained above 13920.0 points, it is expected to rise above 14227.5 points.

We need to see if RS or SR can rise above the uptrend line drawn on the wRSI_SR indicator.


(1h chart)-short-term strategy
Among the previous short-term strategies, it ended with the LONG strategy.

In the 1D chart explanation, I mentioned 13642.5 points as short-term stop loss points.
I mentioned 14227.5 as the target point before.
Therefore, I think we need a strategy that deviates from the 13642.5-14227.5 range.

(LONG)
Entry point: When supported in the section 13813.5-13920.0 and breaks above the 13920.0 point
Target point: 1 4227.5 points or higher,
When the 2nd upward trend line (8) is touched (about 14524.0-14674.5 section)
(However, if it falls without breaking the upward trend line (B), it is a Stop Loss.)

(SHORT)
Entry point: When resistance is received in the range 13813.5-13920.0 and breaks downward from the 13813.5 point
Target point: 1st 13613.0 or less, 2nd 13272.0 or less
(However, if you touch the upward trend line (11) and rise, it is Stop Loss.)

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(CME Bitcoin (BTC1!) 1D chart)
Today's gap is 13845.0-13925.0. (Not shown on the chart.)

We need to see if we can climb above the previous high of 14170.0.

If you move up and down above 14170.0, you need to make sure you're getting support at 13735.0.

If it falls at 13600.0, it is a short-term Stop Loss.

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(BTC Dominance 1D Chart)
By touching the 64.63 point or more, I think you have opened the door to the possibility of a movement to fill the previous gap section, 66.39-64.63.
We have to see if we can get resistance at the downtrend line (3) and move down.

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(USDT Dominance 1D Chart)
We have to see if we can get below the 4.165 point.
You should also watch if you can get off the downtrend line (1)-(3).

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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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
Comment:
(BAKKT Bitcoin (BTM1!) 1D chart)
Today's gap is 13797.5-13945.0. (Not shown on the chart.)
You need to make sure it is supported at point 13807.5.

If it falls from the uptrend line (6), it is a short-term Stop Loss.

We need to see if we can go up to the Fibonacci retracement rate interval of 14302.0-14955.0.

If it rises and falls above 14302.0, it is a short-term stop loss at 13807.5.
Comment:
(XBTUSD 1h chart)
It seems to move between the uptrend line (11)-(B) around the 13813.5-13920.0 interval.
Accordingly, careful judgment is required when entering the existing short-term strategy.

[Example of exchange chart setup]

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

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