Bitcoin (BTC) - October 10
Updated
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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: The upward trend is expected to continue.
Above 47010.0 point: Expected to create a new wave.
40163.5-45211.0 Zone: An important support zone to continue the uptrend that started on July 21st.
27650.0-33101.0 section: An important support section to continue the uptrend that started around December 28, 2020.
As the green width of OBV in the volume indicator increases, it is necessary to check if there is an upward movement in the center line.
In the wRSI_SR indicator, the RS line is falling below 20.
As the RS line rises above 20, we need to see if it can turn into an uptrend.
In the CCI-RC indicator, it is necessary to check whether the CCI line can be maintained above the +100 point.
In particular, it is necessary to check whether the flow can be seen rising above the EMA line.
(1D chart)
First resistance section: 55164.5-56641.5 section.
Second resistance section: 60811.0-63634.5 section.
Support section: 46695.0-49518.0 section.
I think the first resistance section is most likely a psychological resistance section.
Therefore, I think that there is a high possibility of shaking by the whip saw.
In order to withstand this movement, it is necessary to widen the management of the investment and the stop loss point.
A sharp decline may touch near the 50876.0 point, so trade cautiously.
It is necessary to check whether the green width of the OBV in the trading volume indicator is increasing.
This is because when the green width of OBV increases, it means that the buying trend is strong.
If the RS line falls below the 80 point on the wRSI_SR indicator, a short-term downward trend is highly likely.
At this time, it is necessary to check where the support is received.
If the support level is above the 50876.0 point, I would expect it to lead to a sharp rise when converted into a short-term uptrend.
In the CCI-RC indicator, it is necessary to check whether the CCI line is maintained above the +100 point.
This is because the CCI line above the +100 point means it is in an uptrend.
If the EMA line rises above the +100 point and the CCI line moves above the EMA line, we expect a full-fledged uptrend.
The next volatility period is around October 16th (October 15-17).
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(BTCUSDTPERP 1D Chart)
First resistance section: 54918.88-56630.33 section
Second resistance section: 60491.83-6327.31 section
First support section: section 46559.44-49345.92
Second support section: 42125.51-45163.36 section
We need to see if we can sustain the price in the first resistance zone.
If the first resistance zone is unsupported and falls, you should check to see if it can move along the uptrend line (2).
The first resistance section is likely to be a psychological resistance section, so I think the possibility of a whip saw is high.
Therefore, careful trading is required.
If the first resistance level is crossed, it is expected that the second resistance level will re-determine the trend.
The volatility period is around October 14th (October 13-15).
------------------------------------
(Market Cap Chart)
You should see how the flow of money changes rather than changes in the price chart.
So, you need to check the trend of USDT chart and USDC chart.
Looking at the USDT Dominance (USDT.D) 1D chart, it is declining at the 3.009 point.
It is expected to touch the uptrend line (1) again in the near future.
Therefore, the possibility of sudden movements is increasing.
(If USDT dominance declines, I think the coin market is more likely to lead to an uptrend.)
-----------------------------------------------------
(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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 "Like".
Have a nice day.
-------------------------------------
(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: The upward trend is expected to continue.
Above 47010.0 point: Expected to create a new wave.
40163.5-45211.0 Zone: An important support zone to continue the uptrend that started on July 21st.
27650.0-33101.0 section: An important support section to continue the uptrend that started around December 28, 2020.
As the green width of OBV in the volume indicator increases, it is necessary to check if there is an upward movement in the center line.
In the wRSI_SR indicator, the RS line is falling below 20.
As the RS line rises above 20, we need to see if it can turn into an uptrend.
In the CCI-RC indicator, it is necessary to check whether the CCI line can be maintained above the +100 point.
In particular, it is necessary to check whether the flow can be seen rising above the EMA line.
(1D chart)
First resistance section: 55164.5-56641.5 section.
Second resistance section: 60811.0-63634.5 section.
Support section: 46695.0-49518.0 section.
I think the first resistance section is most likely a psychological resistance section.
Therefore, I think that there is a high possibility of shaking by the whip saw.
In order to withstand this movement, it is necessary to widen the management of the investment and the stop loss point.
A sharp decline may touch near the 50876.0 point, so trade cautiously.
It is necessary to check whether the green width of the OBV in the trading volume indicator is increasing.
This is because when the green width of OBV increases, it means that the buying trend is strong.
If the RS line falls below the 80 point on the wRSI_SR indicator, a short-term downward trend is highly likely.
At this time, it is necessary to check where the support is received.
If the support level is above the 50876.0 point, I would expect it to lead to a sharp rise when converted into a short-term uptrend.
In the CCI-RC indicator, it is necessary to check whether the CCI line is maintained above the +100 point.
This is because the CCI line above the +100 point means it is in an uptrend.
If the EMA line rises above the +100 point and the CCI line moves above the EMA line, we expect a full-fledged uptrend.
The next volatility period is around October 16th (October 15-17).
----------------------------------
(BTCUSDTPERP 1D Chart)
First resistance section: 54918.88-56630.33 section
Second resistance section: 60491.83-6327.31 section
First support section: section 46559.44-49345.92
Second support section: 42125.51-45163.36 section
We need to see if we can sustain the price in the first resistance zone.
If the first resistance zone is unsupported and falls, you should check to see if it can move along the uptrend line (2).
The first resistance section is likely to be a psychological resistance section, so I think the possibility of a whip saw is high.
Therefore, careful trading is required.
If the first resistance level is crossed, it is expected that the second resistance level will re-determine the trend.
The volatility period is around October 14th (October 13-15).
------------------------------------
(Market Cap Chart)
You should see how the flow of money changes rather than changes in the price chart.
So, you need to check the trend of USDT chart and USDC chart.
Looking at the USDT Dominance (USDT.D) 1D chart, it is declining at the 3.009 point.
It is expected to touch the uptrend line (1) again in the near future.
Therefore, the possibility of sudden movements is increasing.
(If USDT dominance declines, I think the coin market is more likely to lead to an uptrend.)
-----------------------------------------------------
(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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
(Market Cap Chart)(BTCUSDTPERP 1D Chart)
(BTC price rise + BTC dominance rise + USDT dominance fall)
I think the above combination shows that BTC price is taking the lead.
If BTC price is maintained in the 54918.88-60491.83 section with this rise, it is expected to rise to the 60491.83-63278.31 section in the near future.
Careful trading is required as volatility is expected around October 14th (October 13-15) on the BTC price chart.
Note
(BTC 1W Chart)A new candle has been created on the 1W chart.
See what moves you will see at the marked support and resistance points.
Other content (coins, stocks, etc.) is frequently posted on X.
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