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Bitcoin (BTC) - October 28

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(USDT.D 1D Chart)
A decline in USDT dominance is likely to lead to an uptrend in the coin market.

So, the question is whether we can find resistance near 7.27 and continue the decline towards 6.06.


(NAS100USD 1D Chart)
The period of volatility is through October 31st.

So, you need to check the movement a bit more.

If it stays above 11373.2 until around October 28, it is expected to move higher around 11942.9-12119.2.

If not, it is necessary to check if support is provided in the 1.13 (10689.2)-0.886 (11344.2) range, which is the right Fibonacci ratio range.

It is important to be able to stay above the downtrend line (1) and above the 0.618 (10829.6) as far as possible.

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(BTCUSDT 1D Chart)
It fell under resistance near 20798.16.

However, if the price is maintained above the 20050.02-20131.46 range, it is expected to maintain an upward trend.


In order to continue the upward trend, it must rise above the HA-High indicator.

Therefore, it should rise above 20663.25.

However, since it is close to the resistance section of 20798.16-21838.98, it is expected that the uptrend can be continued only when it rises above this section.


The next volatility period is around November 7.

However, there is a possibility that it may fall below 20050.02 around October 31st, so you need to be careful.

If it declines, it is expected to decline near the long-term uptrend line (1), around 19659.87.

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I don't think it's good to look at only one indicator when using a secondary indicator.

That's because each indicator has a different role to play.

Therefore, it is recommended to use multiple auxiliary indicators as much as possible to comprehensively evaluate the direction the secondary indicators are pointing in.

In that sense, it is recommended to use the HA SRRC indicator used in this chart.

For the HA SRRC indicator, the StochRSI, RSI, and CCI indicators were combined into one indicator using the value of the Heikin Ashi candle.

When all three indicators (possibly two or more) are in the overbought or oversold zone, it is interpreted that the trend is highly likely to change if it is out of this zone.

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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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Yorum:
(BTCUSDTPERP 1h Chart)
I don't think the 5EMA on a 1D chart is as significant as the stock market does.

However, the correlation between 5EMA and 26EMA is enough to simply identify a trend.

The reason I made it separately is to use it for margin trading or futures trading, where many trades are made on charts below 1D charts.

This is because, if the analysis time is prolonged using difficult analysis techniques, the time to create a trading strategy may be insufficient, and this may lead to a proper trade.


I think trading is a psychological warfare.

I think the win or loss of a transaction is determined by how you can make your own psychology stable.

Therefore, if the analysis time is long, one's subjective thoughts and psychology will affect the analysis, and if so, you will end up looking at the chart in the wrong direction.
Yorum:
When studying charts, that is, when studying chart analysis, what is important is how to respond.

I usually ignore this and study charts, trend techniques, and patterns.


We are studying to trade through these studies.

However, there is a contradiction in not thinking about the countermeasures that should be derived through the study.

No matter what kind of study you do, you must think about the response method that can be derived from the analysis to say that you have studied the chart.

You need to derive a buy point, a sell point, a stop loss point, and at least these three points.

Buy Point means the original Buy Point.
Selling Point means the first selling point after buying.


Usually, if you look at the contents of the Internet or other books, this part is mostly omitted.

So, it seems obvious when studying, but I think it's one of the reasons why you can't trade when you actually trade.
Yorum:
(USDT 1D Chart)
USDT can see that the gap has risen and the money has flowed in.

(USDC 1D Chart)
USDC can see that a gap drop has occurred and the funds have flowed out.

It is highly likely that the inflow of funds through USDT will lead the coin market to an uptrend.

However, we believe that the upward trend can only be sustained when the outflow of funds through USDC stops.

Therefore, it is judged that there is a possibility that the coin market will continue its upward trend only when the decline of the USDC gap stops or the gap rises continuously.
Yorum:
(BTCUSDTPERP 1h Chart)
The key issue is whether it rises after receiving support near 20122.5 or declines after receiving resistance.

If the price is maintained above 20122.5, it is expected to continue the upward trend.

Even if it falls below 20122.5, if it rises along the uptrend line (1) and rises above 1 (20296.1) - 0.5 (20313.0), it is still expected to continue its uptrend.


Otherwise, it is expected to fall below the 19607.9 level, making the bullish more likely to end.
Yorum:
For more accuracy, the 26EMA line was replaced with an M-Signal line.

The M-Signal line is the core line among the M-Signal and S-Signal lines that form the MS-Signal indicator.

This patch will be applied from tomorrow.
Yorum:
(BTCUSDT 1D Chart)
Due to this rise and fall, the HA-Low and HA-High indicators are showing signs of moving.

So, if we keep the price above 19518.59, we expect a big uptrend in the near future.

This is because it is believed that the funds are flowing through USDT.


This large uptrend is expected to lead to an attempt to break above the M-Signal, or MS-Signal indicator on the 1W chart.


It seems to have formed a very important section over the section 19366.80-19553.22.

Accordingly, I think that a strategy of increasing the number of purchases is necessary as we get closer to this section.

However, we recommend that you check until the candle closes this week.
Yorum:
(USDC 1D Chart)
Although it is a small amount, it appears that funds are also coming in through USDC.

It remains to be seen whether the gap continues to rise.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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