Bitcoin (BTC) - October 24
Updated
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(BTC.D 1D Chart)
For the coin market to continue its upward trend, BTC price must rise first.
In order to do that, it must show that the funds are concentrated towards BTC.
If funds are concentrated towards BTC, BTC dominance will rise.
(USDT.D 1D Chart)
The key is whether USDT dominance declines when BTC dominance rises.
This is because a decline in USDT dominance is likely to lead to an uptrend in the coin market.
However, if BTC dominance rises sharply, altcoins may rather fall or go sideways, so be careful.
(NAS100USD 1D Chart)
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.
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(BTCUSDT 1W Chart)
The key is whether the price can be maintained above 20050.02 by moving along the uptrend line (2).
(1D chart)
In order to transition into an uptrend, the price must remain above the HA-Low indicator.
For that to happen, it needs to rise above 19695.87 for support.
October 22-24 is a period of volatility.
So, if it goes down, it is important to see support above the uptrend line (1), 19366.86.
In order to continue the upward trend, it must rise above the HA-High indicator.
To do that, you need to climb around 20798.16.
However, the 20798.16-21838.98 section is a resistance section, so it is expected that the upward trend will continue when it rises above this section.
We need to see if we can move higher than 20131.46 before moving towards 20798.16.
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A new indicator has been added to the volume indicator.
If you look at the 'Vol & Trend' indicator, the background color consists of a part corresponding to orange and a part corresponding to aqua color.
Orange indicates a high probability of an uptrend, while aqua indicates a high probability of a downtrend.
The shaded portions of this color indicate a strong trend, and the shaded portions of the color indicate a weak trend.
If we use this to explain the current trend of BTC price, we can interpret that it is maintaining a downtrend, but the downtrend is slowing down.
The coin market is a market structure with different prices and trading volumes across multiple exchanges.
Therefore, I think that analysis techniques using trend tracking are more suitable than the movement of trading volume in the coin market.
However, we hope that you use the indicator in the sense that you can predict the change in the price trend to some extent due to the change in the trend of the trading volume.
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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.
** 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.)
---------------------------------
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(BTC.D 1D Chart)
For the coin market to continue its upward trend, BTC price must rise first.
In order to do that, it must show that the funds are concentrated towards BTC.
If funds are concentrated towards BTC, BTC dominance will rise.
(USDT.D 1D Chart)
The key is whether USDT dominance declines when BTC dominance rises.
This is because a decline in USDT dominance is likely to lead to an uptrend in the coin market.
However, if BTC dominance rises sharply, altcoins may rather fall or go sideways, so be careful.
(NAS100USD 1D Chart)
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.
-----------------------------------------
(BTCUSDT 1W Chart)
The key is whether the price can be maintained above 20050.02 by moving along the uptrend line (2).
(1D chart)
In order to transition into an uptrend, the price must remain above the HA-Low indicator.
For that to happen, it needs to rise above 19695.87 for support.
October 22-24 is a period of volatility.
So, if it goes down, it is important to see support above the uptrend line (1), 19366.86.
In order to continue the upward trend, it must rise above the HA-High indicator.
To do that, you need to climb around 20798.16.
However, the 20798.16-21838.98 section is a resistance section, so it is expected that the upward trend will continue when it rises above this section.
We need to see if we can move higher than 20131.46 before moving towards 20798.16.
-----------------------------------------
A new indicator has been added to the volume indicator.
If you look at the 'Vol & Trend' indicator, the background color consists of a part corresponding to orange and a part corresponding to aqua color.
Orange indicates a high probability of an uptrend, while aqua indicates a high probability of a downtrend.
The shaded portions of this color indicate a strong trend, and the shaded portions of the color indicate a weak trend.
If we use this to explain the current trend of BTC price, we can interpret that it is maintaining a downtrend, but the downtrend is slowing down.
The coin market is a market structure with different prices and trading volumes across multiple exchanges.
Therefore, I think that analysis techniques using trend tracking are more suitable than the movement of trading volume in the coin market.
However, we hope that you use the indicator in the sense that you can predict the change in the price trend to some extent due to the change in the trend of the trading volume.
------------------------------
- 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.
** 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.)
---------------------------------
Note
(BTCUSDTPERP 1h Chart)The key is whether the price can be maintained in the 19355.6-19607.9 interval, that is, above the 1st interval.
When supported,
Primary resistance: 19656.2-19802.9
Secondary resistance: 20122.5
If it falls below 19355.6, it is necessary to check whether the 2nd section is supported.
The main position is the 'LONG' position, so be careful when entering the 'SHORT' position.
Note
(BTCUSDTPERP 1h Chart)The key is whether the 1D chart's candle closes at least above 19355.6.
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