Bitcoin (BTC)-October 18 (Trend Turn-5)
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If it falls, we need to make sure it is supported at 11219.81.
If it falls at 11071.35, I think it is necessary to trade in installments to preserve profit and loss.
October 16-18 is a period of volatility and we believe careful trading is necessary.
The price is well maintained while breaking out of the RSI overbought zone.
However, there is still the possibility of a decline to 11071.35-11219.81.
Since I believe that Volume is necessary to break through the downtrend lines (6) and (4), I think it is necessary to closely watch whether the volume increases or decreases.
In order to turn the trend, it must rise above the 11748.20 point.
I think it has risen above the 11071.35 point, boosting expectations for a rise.
We hope that this amplified anticipation can diverge and rise above 11748.20 points.
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(OKEX BTCUSDT 1D chart)
We have to see if we can ascend above 11381.6 points.
You also need to make sure you are getting support at 11086.8.
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(Bithumb BTCKRW 1D chart)
You need to make sure you can get support at 13034000.0.
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(USDT Dominance 1D Chart)
It proceeded contrary to the expected trend around October 17th.
So, it remains to be seen if it could drop near the 4.163 point around October 28 (October 27-29).
Watch when there is a move that deviates from the downtrend line (1)-(3).
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(BTC Dominance 1D Chart)
You need to see if you can fall below the uptrend line (5).
We believe the next volatility period is likely to occur around October 24 (October 23-25).
If it falls below the downtrend line (1), the price of altcoins is expected to rise.
If it rises above 61.20 points, altcoins are expected to increase the number of coins that renew their lowest price this year.
Therefore, you have to resist and fall at the downtrend line (2).
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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 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.
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
If it falls, we need to make sure it is supported at 11219.81.
If it falls at 11071.35, I think it is necessary to trade in installments to preserve profit and loss.
October 16-18 is a period of volatility and we believe careful trading is necessary.
The price is well maintained while breaking out of the RSI overbought zone.
However, there is still the possibility of a decline to 11071.35-11219.81.
Since I believe that Volume is necessary to break through the downtrend lines (6) and (4), I think it is necessary to closely watch whether the volume increases or decreases.
In order to turn the trend, it must rise above the 11748.20 point.
I think it has risen above the 11071.35 point, boosting expectations for a rise.
We hope that this amplified anticipation can diverge and rise above 11748.20 points.
-------------------------------------------------- ----
(OKEX BTCUSDT 1D chart)
We have to see if we can ascend above 11381.6 points.
You also need to make sure you are getting support at 11086.8.
-------------------------------------------------- ------
(Bithumb BTCKRW 1D chart)
You need to make sure you can get support at 13034000.0.
-------------------------------------------------- ------
(USDT Dominance 1D Chart)
It proceeded contrary to the expected trend around October 17th.
So, it remains to be seen if it could drop near the 4.163 point around October 28 (October 27-29).
Watch when there is a move that deviates from the downtrend line (1)-(3).
-------------------------------------------------- ----
(BTC Dominance 1D Chart)
You need to see if you can fall below the uptrend line (5).
We believe the next volatility period is likely to occur around October 24 (October 23-25).
If it falls below the downtrend line (1), the price of altcoins is expected to rise.
If it rises above 61.20 points, altcoins are expected to increase the number of coins that renew their lowest price this year.
Therefore, you have to resist and fall at the downtrend line (2).
-------------------------------------------------- -------------------------------------------
** 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.
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