readCrypto

Bitcoin (BTC) - October 5

readCrypto Mod Atualizado   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart) - Medium to Long-Term Perspective
Above the 28130.0-29300.0 interval: the uptrend continues.

40100.0-41950.0 or higher: Expected to lead to a full-fledged upward trend.

Above 46930.0 point: Expected to create a new wave.


(1D chart)
First support section: 41950.0-45135.66
Second support section: near point 38150.02


First resistance section: 46487.52-49266.69
Second resistance section: 54825.02-56578.21

The first resistance section is an important section that determines the trend.

So, if it fails to move above the 50931.30 point, there is a chance that it will move towards the second support zone, near the 38150.02 point.

Therefore, it is important to see if the price can sustain above the 50931.30 point by moving up from the first resistance zone.


The next volatility period is around October 12 (October 11-13).


If you look at the BTC charts published almost daily, there is little change.
It is not easy to segment these movements into short-term trades.

It should always be a priority to first look at charts with large period units (1M, 1W), read large trends, and establish how to respond.

Then, you need to read the short-term trends on the 1D charts and below to create a detailed plan for your matna sell.

If you look at charts below 1D charts from the beginning and plan all your trading, I think it's easy to lose money by fakes.

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(BTCUSDTPERP 1D Chart)
First support section: 42125.51-45163.36
Second support section: near point 38200.01

First resistance section: 46559.44-49345.92
Second resistance section: 54918.88-56630.33

The first resistance section is an important section that determines the trend.

So, if a failure to break above this first resistance level is likely to lead to a fall near the 38200.01 point, the second support area, we need to think about how to deal with it.


We need to see if we can break out of the downtrend line (1).
Deviating from the downtrend line (1) and maintaining the price above the 49345.02 point, I would expect a move towards the second resistance section.

We need to see if this move continues before the next volatility period around October 14th.

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To confirm the movement of funds in the coin market, you need to check the movement of the charts below.
BTC Dominance (BTC.D) Chart
USDT Dominance (USDT.D) Chart
USDT Chart
USDC Chart

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(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.

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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.

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** 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 been released yet.
(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.)
Comentário:
(ETHUSDT 1M chart)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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