Bitcoin (BTC) - November 5

By readCrypto
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Updated
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(BTC.D 1D Chart)
snapshot
We have entered an area where large volatility can occur.

Accordingly, caution is required when trading.


(USDT.D 1D Chart)
snapshot
A drop below 6.9 resulted in a recognizable rise.

When it falls below 6.06-6.21, the coin market is expected to start a bull market.

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(BTCUSDT 1D Chart)
The 20798.16-21838.98 zone is a strong support and resistance zone.

Therefore, if it rises in this section, it is expected to show a strong uptrend.

To do this, it should be confirmed that it is supported in the 21360.11 or higher section and the 21475.02-21838.98 section.

If it fails to move up, it is important to find support near 20798.16.


When it rises above the M-Signal line of the 1W chart,
1st 23948.63
2nd 25700.0
is expected to be resisted.


Therefore, it is necessary to check if there is a movement out of the 20798.16-21838.98 section from the volatility around November 7th.

In particular, it is important to keep the price in the range 21475.02-21838.98 or higher.

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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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Comment
(BTCUSDTPERP 1h Chart)
snapshot
It rose to the resistance section of 20794.4-21826.1.

So, the key is to keep the price above 20794.4 and move up to the 21481.1-21826.1 section.


The main position is 'LONG' when it is above the M-Signal line of the 1D chart.

Therefore, a quick response is required when entering the 'SHORT' position.


Positions can be switched based on the MS-Signal indicator on the 1h chart.
Comment
(AAVEUSDT 1D Chart)
snapshot
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCbtcdominanceBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend Analysisusdtdominance
readCrypto
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