Bitcoin (BTC) - October 30

Updated
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(USDT 1D Chart)
snapshot

(USDC 1D Chart)
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(BTC.D 1D Chart)
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If BTC Dominance drops below the 39.56-40.44 range, there is a high probability of large volatility.

(USDT.D 1D Chart)
snapshot
A decline in USDT dominance is likely to lead to an uptrend in the coin market.

So, the question is whether the decline can continue towards 6.06.

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(BTCUSDT 1D Chart)
The key is whether it can be supported by rising above the 20798.16 section.


If the uptrend continues to fail, it is likely to move towards the 2005.02 level.

A drop below 20050.02 and find resistance should be cautious as this could lead to further declines.

At this time, it is expected that the uptrend can continue only when it is supported near 19695.87.


If it finds support and moves higher near 20663.25, I expect an attempt to move higher above 21360.11.


The next volatility period is around November 7.

However, there is a high chance that a whipso will occur around October 31st.

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- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.

So, whether it rises or falls from its current position, both require a short-term response.

A full-fledged uptrend is expected to begin when it rises above 29K.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator contains indicators that indicate support and resistance points.

** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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Note
(BTCUSDTPERP 1h Chart)
snapshot
You can take a position depending on whether you are supported or resisted in the circled section.

The main position is 'LONG'.

Therefore, a quick response is required when entering the 'SHORT' position.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCbtcdominanceBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominance

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