Bitcoin (XBTUSD + Bitstamp BTCUSD)
The 27th of October began as an important day.
This is because the BTC is in an important position among the inflection days.
After I usually designate an inflection day, I look at three days as important.
If the 27th is an inflection day, the 26th to 28th days are important.
On the 25th and 26th, there was a rise in the BTC, and on the 26th, it rose and then fell to maintain its price.
Prices formed near the second rise.
It broke the 8757 point, which was said to be an important point, at the top of the 8931 point at the top of the MAX-box segment, and priced above 200MA.
As such, prices are expected to rise and rise between the 200MA and 100MA locations.
One problem is that too fast a rise in BTC takes away the opportunity for altcoins to rise.
Even the major altcoins themselves seem to be slowing down the whole coin market.
I don't think it will stay for a long time at the current price point, and in a few days it will show a clear direction.
See also the dominance chart and the chart for total funds.
[Dominace Chart] https://www.tradingview.com/chart/BTC.D/Y5BjPWXz-Dominace-BTC-XRP-ETH-USDT/
[TOTAL2] https://www.tradingview.com/chart/TOTAL2/HCO8wJy0-TOTAL2/
[TOTAL] https://www.tradingview.com/chart/TOTAL/OV9Zsc2R-TOTAL/
This is because the BTC is in an important position among the inflection days.
After I usually designate an inflection day, I look at three days as important.
If the 27th is an inflection day, the 26th to 28th days are important.
On the 25th and 26th, there was a rise in the BTC, and on the 26th, it rose and then fell to maintain its price.
Prices formed near the second rise.
It broke the 8757 point, which was said to be an important point, at the top of the 8931 point at the top of the MAX-box segment, and priced above 200MA.
As such, prices are expected to rise and rise between the 200MA and 100MA locations.
One problem is that too fast a rise in BTC takes away the opportunity for altcoins to rise.
Even the major altcoins themselves seem to be slowing down the whole coin market.
I don't think it will stay for a long time at the current price point, and in a few days it will show a clear direction.
See also the dominance chart and the chart for total funds.
[Dominace Chart] https://www.tradingview.com/chart/BTC.D/Y5BjPWXz-Dominace-BTC-XRP-ETH-USDT/
[TOTAL2] https://www.tradingview.com/chart/TOTAL2/HCO8wJy0-TOTAL2/
[TOTAL] https://www.tradingview.com/chart/TOTAL/OV9Zsc2R-TOTAL/
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