Bitcoin (BTC) - October 14
Updated
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(BTCUSDTPERP 1D Chart)
- If it rises above 20794.4, the main position is 'LONG'.
- The 19424.9-20794.4 section is a quick response section.
- If it falls below 19424.9, the main position is 'SHORT'.
The key is whether it can rise above 19802.9 and enter the bullish channel.
To do that, we need to see if we can sustain the price above 19424.9.
If resistance is found below the Fibonacci ratio of 0.786-0.707, that is, below 19216.3, the next downtrend is expected to fall to the 1.414-1.27 Fibonacci ratio, ie, 16.3K-16.9K.
The price must remain above the HA-Low indicator to transition into an uptrend.
The price needs to remain above the HA-High indicator to sustain the uptrend.
(1D chart)
We need to see if we can move higher than the left Fibonacci ratio of 0.5 or more, i.e. 19424.9.
In particular, the key is whether it can rise above the 0.618 section, which is the Fibonacci ratio of both sides, that is, the section 19607.9-19.8K.
If not, you should see if it is supported near 19216.3.
If it falls below 19216.3, it is expected to touch the 2nd section, around 19.0K.
critical section
18374.1-18895.1
19424.9-20122.5
A reversal of the trend is expected to occur depending on whether support or resistance is found in the critical period.
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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.
** SR_R_C indicators are displayed 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.)
---------------------------------
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
- If it rises above 20794.4, the main position is 'LONG'.
- The 19424.9-20794.4 section is a quick response section.
- If it falls below 19424.9, the main position is 'SHORT'.
The key is whether it can rise above 19802.9 and enter the bullish channel.
To do that, we need to see if we can sustain the price above 19424.9.
If resistance is found below the Fibonacci ratio of 0.786-0.707, that is, below 19216.3, the next downtrend is expected to fall to the 1.414-1.27 Fibonacci ratio, ie, 16.3K-16.9K.
The price must remain above the HA-Low indicator to transition into an uptrend.
The price needs to remain above the HA-High indicator to sustain the uptrend.
(1D chart)
We need to see if we can move higher than the left Fibonacci ratio of 0.5 or more, i.e. 19424.9.
In particular, the key is whether it can rise above the 0.618 section, which is the Fibonacci ratio of both sides, that is, the section 19607.9-19.8K.
If not, you should see if it is supported near 19216.3.
If it falls below 19216.3, it is expected to touch the 2nd section, around 19.0K.
critical section
18374.1-18895.1
19424.9-20122.5
A reversal of the trend is expected to occur depending on whether support or resistance is found in the critical period.
------------------------------
- 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.
------------------------------------------------------------ -----------------------------------------------------
** 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.
** SR_R_C indicators are displayed 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.)
---------------------------------
Note
(NAS100USD 1D Chart)The key is whether we can find support near the 1.13-0.886 point, which is the right Fibonacci ratio range, and the 0.618 point, the left Fibonacci ratio point.
If it doesn't, I would expect it to decline to the 1.13-0.886 outer Fibonacci ratio range.
To break out of the bearish channel, we need to see if we can find support above 11038.2.
Note
(USDT 1D Chart)(USDC 1D Chart)
We previously mentioned that if USDT rises above 68.468B, the coin market is likely to see an uptrend.
What I meant at that time was on the premise that the gap had to rise above 68.468B.
I think that the rise in the gap is a sign of new funds flowing into the coin market.
I think the rise and fall of the candlestick is a movement driven by trading.
Therefore, I think the bullish candle is a sign of selling in the USDT market.
In any case, USDT is moving above 68.468B.
However, the outflow of funds through USDC continues.
If funds continue to flow out in this way, the coin market is expected to have limitations in continuing its upward trend.
Therefore, it is necessary to be cautious in trading until the money outflow stops and the money flows in.
Note
(1h chart)624EMA equals 26EMA on a 1D chart.
120EMA equals 5EMA on a 1D chart.
If this moving average line maintains its regular alignment, it is expected to rise to the left Fibonacci ratio interval of 0.886-1.13, that is, the 20122.5 interval.
As the coin market seems to be constantly flowing out of money, we need to be cautious in trading until this outflow stops and new inflows can be seen.
If it falls below the moving average, the key is whether it is supported in section 2 or not.
Note
It is not the target point of analysis that is important in trading.What matters is how you create a trading strategy for the point or zone you want to trade.
Your trading strategy should be crafted in a way that minimizes losses, rather than focusing on making a lot of money.
Note
In order to enter the position now, I think it is better to enter when there is a movement out of the 19355.6-19607.9 section, which is the HA-Low indicator section.
Since it has soared, it is recommended to check whether it is supported or resisted.
However, whether you are supported or resisted in the 19355.6-19607.9 section, if you can’t get out of this section anyway, there is a possibility that you will go sideways, so if a quick response is possible,
Entering 'SOHRT' position when receiving resistance near 19607.9.
Enter 'LONG' position when supported near 19355.6
It is possible to enter by setting the main position.
Note
(BTCUSDT 1D Chart)The key is whether you can get support and move up in the uptrend channel (1).
Therefore, if the price holds above 19695.87, it is expected to move towards the uptrend line (2), i.e., near 20131.46.
Therefore, you can buy when you see support near 19695.87.
However, if you see resistance as it rises to around 20131.46 in short-term trading, it is better to realize profit.
We'll get back to you tomorrow in BTC Chart Ideas for more details.
Note
(USDT.D 1D Chart)USDT Dominance is a chart that gives you an overview of whether the coin market is trending upward or downward.
Therefore, if USDT dominance declines, the coin market is likely to be on an uptrend.
We believe that when USDT dominance falls below 7.27, it is highly likely that the coin market will turn upward.
In addition, I think that there is a high possibility that the coin market will continue its upward trend in earnest when it falls below 6.06.
Note
(BTC.D 1D Chart)The 39.56-40.44 section is a section where the coin market is likely to show great volatility.
If BTC dominance is maintained above 41.15 after rising from this range, I think the chances of a move towards 43.40 are increasing.
What you can tell by BTC dominance is whether funds are concentrated towards BTC or altcoins.
A rise in BTC dominance means that funds are being concentrated towards BTC.
However, it should not be confused as a rise in BTC dominance does not mean an increase in BTC price.
In order for the overall coin market to show an upward trend,
- A continuous rise in the gap between USDT and USDC occurred
- Continued decline in USDT dominance
- BTC Dominance Decline
You should see a movement like the one above.
Since BTC dominance is at an all-time low, it is necessary to raise BTC dominance for the time being, causing funds to flow into the coin market or increase trading volume.
Therefore, I think it is highly likely to rise to the 43.40-45.68 section.
Otherwise, even if the coin market shows an upward trend, it is expected to be constrained.
Note
(USDC 1D Chart)A new candle has to be created to reveal more details, but now a new gap has arisen.
Accordingly, it is necessary to be cautious in trading.
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