Bitcoin (BTC) - October 23
Updated
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Please also click "Boost".
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(USDT 1D Chart)
(USDC 1D Chart)
You need to be careful when trading as there is an ongoing outflow of funds through USDC.
If the outflow of funds does not stop, the rise of the coin market is bound to be limited.
(USDT.D 1D Chart)
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(BTCUSDTPERP 1D Chart)
The key is whether the price can sustain above 19216.3 to break out of the downtrend channel.
It is necessary to check if there is any movement outside the 0.786 (19076.8) - 19424.9 range due to the volatility between October 22-24.
To transition to an uptrend, it needs to rise above the HA-Low indicator and be supported.
Therefore, it should rise more than the 19355.6-19607.9 section.
A decline below 0.786 (79076.8) is expected to trigger a move towards the downtrend line (1).
Below 19424.9, the main position is the 'SHORT' position.
(1h chart)
If it succeeds in breaking above the 19216.3 ~ 0.382 (19260.9) section, then section 1 is the resistance section.
If it fails to rise above 19216.3, you need to touch the downtrend line (1) passing through section 2 and see if it rises.
This is because if it falls below the downtrend line (1), there is a possibility that it will fall back to section 3.
However, you need to be cautious as it touches the 18895.1-18947.7 zone and is moving upwards above the downtrend line (1).
Therefore, in order to take a new position, it is recommended to decide by looking at the movement when attempting to break through the range of 19216.3 ~ 0.382 (19260.9).
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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.
------------------------------------------------------------ -------------------------------------------
** 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.
-------------------------------------
(USDT 1D Chart)
(USDC 1D Chart)
You need to be careful when trading as there is an ongoing outflow of funds through USDC.
If the outflow of funds does not stop, the rise of the coin market is bound to be limited.
(USDT.D 1D Chart)
---------------------------------------
(BTCUSDTPERP 1D Chart)
The key is whether the price can sustain above 19216.3 to break out of the downtrend channel.
It is necessary to check if there is any movement outside the 0.786 (19076.8) - 19424.9 range due to the volatility between October 22-24.
To transition to an uptrend, it needs to rise above the HA-Low indicator and be supported.
Therefore, it should rise more than the 19355.6-19607.9 section.
A decline below 0.786 (79076.8) is expected to trigger a move towards the downtrend line (1).
Below 19424.9, the main position is the 'SHORT' position.
(1h chart)
If it succeeds in breaking above the 19216.3 ~ 0.382 (19260.9) section, then section 1 is the resistance section.
If it fails to rise above 19216.3, you need to touch the downtrend line (1) passing through section 2 and see if it rises.
This is because if it falls below the downtrend line (1), there is a possibility that it will fall back to section 3.
However, you need to be cautious as it touches the 18895.1-18947.7 zone and is moving upwards above the downtrend line (1).
Therefore, in order to take a new position, it is recommended to decide by looking at the movement when attempting to break through the range of 19216.3 ~ 0.382 (19260.9).
------------------------------
- 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
An indicator that distinguishes an uptrend and a downtrend by volume has been added.The updated chart will be released starting from tomorrow's idea.
(Existing chart)
(added indicator)
(updated chart)
Note
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