Bitcoin (BTC) - October 12
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'.
It fell from an uptrend channel.
Therefore, if it fails to move above 19216.3, it is more likely to move towards the 18374.1 area.
In the HA SRRC indicator, the Stoch RSI and CCI indicators entered the oversold zone.
Therefore, if you break out of the oversold zone, you should be careful as there is a possibility of a reversal of the trend.
The price must remain above the HA-Low indicator to transition into an uptrend.
Therefore, it is important to find support and move higher near 19424.9 (19355.6-19607.9).
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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'.
It fell from an uptrend channel.
Therefore, if it fails to move above 19216.3, it is more likely to move towards the 18374.1 area.
In the HA SRRC indicator, the Stoch RSI and CCI indicators entered the oversold zone.
Therefore, if you break out of the oversold zone, you should be careful as there is a possibility of a reversal of the trend.
The price must remain above the HA-Low indicator to transition into an uptrend.
Therefore, it is important to find support and move higher near 19424.9 (19355.6-19607.9).
------------------------------
- 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
As the BTC price slowly declines, it is increasingly likely that fears will rise again in the coin market.What we can do at this time is to check the flow of the chart by choosing which coins to buy and make a profit in the upcoming bull market.
Many people recommend recovering the invested funds to free up a lot of cash.
This is because we believe that further declines are likely to occur after that.
Yes. I think this is very likely.
So, I also think we need to secure cash.
However, if you are not currently investing in any coins and have all your funds in cash, I think this is also wrong.
If BTC falls to the 13K-15K range, you can buy and hold a large number of coins, but the problem is that you cannot buy when the price drops.
You think the price is going to go down, but when the price actually goes down, you panic and you can't take any action.
That's why you need to prepare for this panic by buying some coins that you will profit from buying in the bull market in the future at the current price, i.e. the highs of 2018.
You need to buy with as much money as you can sustain even if the price goes down, and increase the number of coins that correspond to your profit as the price goes up and down to keep your trading sense in the future price drop.
There is a big difference between watching the market flow without trading and experiencing the market flow while actually trading.
I think that by directly experiencing these psychological phenomena, you will be able to develop the ability to control your own psychological state.
A lot of experience in trading will increase the ability to control one's own psychological state and increase the ability to create trading strategies in all kinds of environments.
Don't be afraid.
Even if it falls more than -50% from the current price, the recovery to the current price is bound to be quick.
However, since it may take a long time for coins (tokens) with a low market capitalization ranking to recover in price, it is recommended to trade coins (tokens) with a high market capitalization ranking if possible.
If you have not decided which coin (token) to invest in, we recommend investing in a coin (token) that is expanding the coin ecosystem.
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