Bitcoin (BTC) - October 16

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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
captura
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, it is necessary to check whether the upward trend can be continued as the RS line rises above 50.

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.

However, the same movement as in section A may occur, so it is recommended to check that there is an upward movement.
However, as it is a 1W chart, it is reflected too late, so we need to make sure that the price stays above the 58464.0 point.


(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.


With the volatility around October 16 (October 15-17), it is rising to the second resistance section.


It is necessary to check whether the second resistance section is closed.

If the second resistance zone closes, the trend is expected to be determined by a move out of the 58464.0-65000.0 zone.


Looking at the BTC Dominance chart, BTC Dominance is showing an upward trend.
However, looking at the USDT Dominance chart, the USDT Dominance is showing a downward trend.

I think this movement means that BTC is leading the upward movement.


The second resistance section, the 60811.0-63634.5 section, is an important section to determine the trend.
Therefore, if BTC goes sideways in this section, it is highly likely that altcoins will continue to rise.

You should check the flow to see if it can lead to a circulating pumping of altcoins.


The next volatility period will be around November 1-9.

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(BTCUSDTPERP 1D Chart)
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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


It is rising to the second resistance section with the volatility around October 14 (October 13-15) faster than expected.


If the second resistance zone closes, it is expected that the trend will be determined by a move out of the 59654.0-64986.11 zone.

So, if you fall from the 59654.0 point, you need a short-term Stop Loss.
However, it can touch the first resistance section and rise, so you need to think about how to respond.

If it moves above the 64986.11 point, I would expect an upward movement towards the 71637.74 point.


The next period of volatility will be around October 29 - around November 7.

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(Market Cap Chart)
captura
You should see how the flow of money changes rather than changes in the price chart.
So, you should check the trend of USDT chart and USDC chart.

If USDT dominance declines, I think the coin market is more likely to lead to an uptrend.

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(XBTUSD 1M Chart) - Big Trend
captura
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 as price and volume move.
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.)
Nota
(BTCUSDTPERP 1D Chart)
captura
It is necessary to check whether there is any movement that deviates from the section 60491.83-63247.31.

If there is a move above 59654.0 or below 64986.11, I would expect the trend to move in the direction of the deviation.


Accordingly,

Resistance section: near point 71637.74

Support section: 53975.0-56630.33
Bitcoin (Cryptocurrency)btcdominanceBTCKRWBTCUSDTBTCUSDTPERPChart PatternsTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominanceXBTUSD

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