(1D chart) If it falls, you need to see if you can get support at the uptrend line (5).
Starting around October 22nd, we have to climb along the uptrend line (5) and see if we can touch the breakthrough point of 12163.5.
If it falls at the uptrend line (5), it is a short-term Stop Loss.
(1h chart) - short-term strategy Among the previous short-term strategies, the LONG strategy rose above the target point and the previous strategy ended.
The most important segment from our current location is the 11941.0-12016.5 segment. Also, 11757.5-Volume profile section of the upward trend line (5).
Entering LONG (1): 11757.5-When supported at the rising trend line (5) and rising while touching the rising trend line (B), breaking above the rising trend line (5) Target point: 12016.5 points or more
Entering LONG (2): When receiving support in the 11941.0-12016.5 section and touching the upward trend line (A), it rises and breaks above the 12016.5 point. Target point: 12163.5 points or more
(If it falls below 11757.5 point when entering LONG, it is Stop Loss.)
Entering SHORT: When breaking below 11757.5 point Target point: 11516.5 points or less
(When entering the SHORT, you can touch the 11724.0 point and climb, so you must enter carefully.)
(BTC Dominance 1D Chart) It is rising above 61.20 points. The concentration of funds is being maximized with BTC coins. You'll have to keep rising and see if it touches the 63.38 point. Also, we need to see if it could fall below the downtrend line (3) around October 24th.
In order for altcoins to start rising, it is expected that BTC price must enter the 12K range.
** 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 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
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.