Bitcoin (BTC) - November 2Hello?
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(USDT 1D Chart)
When the gap rises, it is judged that funds have flowed into the coin market.
(USDC 1D Chart)
When the gap falls, it is judged that funds have flowed out of the coin market.
The coin market is expected to maintain an uptrend due to the inflow of funds through USDT, but if the outflow of funds through USDC continues, this will limit the uptrend.
(BTC.D 1D Chart)
As BTC Dominance touches the 39.56-40.44 range, the chances of significant volatility are increasing.
Accordingly, you should be careful when trading.
A decline in BTC dominance means that funds are being concentrated towards altcoins.
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(BTCUSDTPERP 1D Chart)
The price needs to remain above the HA-High indicator to continue the uptrend.
Therefore, it should be supported and ascend in the 20337.0-20662.9 section.
However, as the resistance section is formed over the 20794.4-21826.1 section, it is expected that the upward trend will continue when it rises above this section.
If it declines, the MS-Signal indicator is passing near 20122.5, so it is necessary to check whether support is found near 20122.5.
A decline in BTC dominance could cause BTC price to move in unexpected directions.
This movement is one of the factors to be aware of when trading altcoins, as it can be the cause of limiting the uptrend of the coin market.
Currently, BTC is on an upward trend.
Therefore, I think there is room for an uptrend.
However, caution is warranted as even a small drop in the price of BTC could lead to a larger decline in the price of altcoins.
Since the HA-Low spot on the 1W chart was formed at the 19520.2 point, BTC is likely to move higher unless it touches above this point.
The next volatility period is around November 10th.
(1h chart)
The trend is expected to continue depending on whether support or resistance is found around the circled area.
It shows the intersection of the bullish channel and the bearish channel.
Therefore, it is judged that the new entry is in a difficult section.
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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.
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** 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.
** SR_R_C indicators are displayed 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.)
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