Bitcoin (BTC) - Sep 9 (1h)

8 Eyl 2020

Hello?
Dear traders, nice to meet you.

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We have to see if we can quickly ascend above 10088.5 points.

We have to see if we can get off the downtrend line (6).

If it falls from 9970.0 point, it is expected to touch 9617.0 point.

You need to see where you are at the time indicated on the chart.

To gain the power of the uptrend, you need to be supported by the uptrend line (5).

To get out of the downtrend, you need to get off the downtrend line (6).

We expect to touch the downtrend line (6) this week, and we need to see if we can break the trend line.

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(1M chart)


(1W chart)


(1D chart)


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** 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 generating profit 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 must trade from a short-term investment perspective.)

8 Eyl 2020

Not

(USDT Dominance 1h Chart)
(UTC)
Momentary movements are often seen.
In this case, the overall coin market flow gradually changed.
To some extent, you can tell which way it's going to change by looking at whether it has moved more or less.

When the gap rose around August 31st, the flow to touch the 5.003 point was briefly visible and then disappeared.
Then, it rises to its current position.

(XBTUSD 1h chart)

There was a change of 9811.0-10460.5 as a momentary movement.

8 Eyl 2020

Not

(BTC Dominance 1W Chart)

If it rises above the downtrend line (1) and is rising to the 63.380 point, the coin market as a whole is expected to be on a downtrend.

If it falls along the downtrend line as it is, it is expected to touch the 56.740-58.020 range.

Although it did not rise much compared to the decline, many altcoins are showing a decline of about half the rise.
Coins that showed a lot of declines are likely to not keep up with the upward trend even if the price of BTC rises.
Accordingly, it is recommended that you check the current location of your coins once again.