Bitcoin (BTC) - October 31

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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.


(USDT.D 1D chart)

Even in order to sustain the uptrend, USDT dominance must continue to downtrend.

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(BTCUSDTPERP 1D Chart)

The price needs to remain above the HA-High indicator to continue the uptrend.

So, it just needs to be maintained at 20662.9 or higher.

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.

Therefore, you need to check how it is supported in the 20794.4-21826.1 section.


Whipsaw is possible, so you need to be careful.

If this whipsaw touches around 20122.5 and causes an upward movement, it is expected that this will lead to an attempt to ascend near 21481.1.

If not, the key is to find support above 19520.2 to sustain the uptrend.


The next volatility period is around November 10th.


The 19520.2 point is the point where the HA-Low indicator of the 1W chart is newly created.

Therefore, if the price is maintained above 19520.2 in the medium to long term, it is expected to maintain an upward trend.



(1h chart)
The trend is expected to continue depending on whether support or resistance is found around the circled area.

If the move fails, the key is to find support above the uptrend line (1).

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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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Commento:

(BTCUSDT 1W Chart)

Commento:

(BTCUSDTPERP 1h Chart)

Watch out for whipsaws.