Bitcoin (XBTUSD, BTC1!, BTM1!) - October 31

By readCrypto
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Updated
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(1D chart)
snapshot
We need to see if we can climb along the uptrend line (8).

You should watch for any movement that deviates from 12814.0-13920.0.

It remains to be seen if volatility around November 1st (October 31-November 2) could rise above the 13920.0 point.
We also have to see if we can get support at the uptrend line (4).


(1h chart) - short-term strategy
The previous short-term strategy is in progress.

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(CME Bitcoin (BTC1!) 1D chart)
snapshot
We have to see if we can climb above the 13955.0 point.
If it falls, you need to make sure you get support at 13600.0.

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(BAKKT Bitcoin (BTM1!) 1D chart)
snapshot
You need to see if you can keep raising the highs.

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(BTC Dominance 1D Chart)
snapshot
It remains to be seen if it can drop below the 63.38 point around November 1st (October 31-November 2).

You should see if you are going to touch the downtrend line (3).

If it rises at 63.38, altcoins are expected to record further declines.

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(USDT Dominance 1D Chart)
snapshot
We need to see if there is any movement outside the downtrend line (1)-(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.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
Comment
(BTC Dominance 1D Chart)
snapshot

(USDT Dominance 1D Chart)
snapshot

As a sign of abnormalities, sudden movements appeared.
We'll see if it drops to near this point in the future.
Comment
(XBTUSD 1D chart)
snapshot

(1h chart) snapshot

Touched the 13920.0 point.
We need to see if we can climb along the uptrend line (8).
The previous short-term strategy has ended.
bakktbitcoinfuturesBitcoin (Cryptocurrency)bitcoincmefuturesBitcoin FuturesbtcdominanceBTM1!Chart PatternsTechnical IndicatorsTrend AnalysisusdtdominanceXBTUSD
readCrypto
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