Bitcoin (BTC) - October 6

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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
snapshot
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, the RS line is falling below 20.
As the RS line rises above 20, we need to see if it can turn into an uptrend.

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.


(1D chart)
First support section: 42084.0-45211.0
Second support section: near point 38225.0 (37301.0-40620.5)


First resistance section: 46695.0-49518.0
A section where a whip saw is likely to occur: near the 55164.5 point
Second resistance section: 60811.0-63634.5 section


It is rising in the first resistance zone, but can pretend to rise and fall, so we need to see if the price can hold above the 50876.0 point.


Viewed from the big picture, the section where a whip-saw is likely to appear is a section that will break out of the sideways section and form a new trend.

Therefore, you should check the movement in the section 55164.5-56641.5.

Careful trading is necessary as there is the potential for a lot of people to sell or liquidate in an area where there is a possibility of a whipsaw.


If we hold out well in this section, we expect to face the second resistance section.

The second resistance section is also an important section to determine the trend.

If the second resistance section is to move down, we should check to see if there is support near the 58464.0 point.


The next volatility period is around October 16th.


It is necessary to check whether the red width of OBV in the volume indicator can be converted into a green width.
Also, make sure that the centerline of the OBV is rising.

In the wRSI_SR indicator, it is necessary to check whether the RS line can show a short-term uptrend trend as it rises above the 50 point.

In the CCI-RC indicator, the CCI line is crossing the 0 point and near the EMA line.
It is necessary to check whether the CCI line can indicate a movement that deviates from the range of -100 to +100. (It is expected to create a new trend.)

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(BTCUSDTPERP 1D Chart)
snapshot
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


It is rising above the 49345.92 point.
Therefore, the possibility that the sideways section will change is increasing.

Existing sideways section: 29840.58-46559.44
New sideways section: 49245.92-60491.83

We need to see if there will be an uptrend along the uptrend line (2) passing the lower side of the new consolidation section, 49345.92-54918.88.

It remains to be seen if this movement continues before the next volatility period around October 14th.


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.

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

The rise in BTC price shows that BTC is leading the price increase.
(BTC dominance rise + USDT dominance fall)

We believe this move represents a positive bullish signal for the market.

However, if the price of BTC continues to rise, the price of some altcoins may not keep up with the rise in BTC price and may move sideways or fall.

There is a possibility that these altcoins will rise in price after the BTC price rise, followed by altcoin circulation pumping.

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(XBTUSD 1M Chart) - Big Trend
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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 been released yet.
(Since it was not disclosed, 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
(XBTUSD 1D Chart)
snapshot
If there is a close support near the support section, there is a high probability that the pull back pattern we are familiar with appears.

In the market, FUD that declines when it is in this range is circulating, so it is a section where large whales and institutional investors can buy.

It's not trend or wave theory that makes these bands bearable.

I think you can overcome this by carefully examining the support and resistance sections and responding according to your average buying price.

The coin market has a very strong tendency to follow a trend.

I will have to take it appropriately and check if it conforms to my own trading rules.
Nota
(BTC 1W chart)
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Nota
(XBTUSD 1D Chart)
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The movements of A and B are markedly different.
Nota
(ETHUSDT 1D Chart)
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To move above the 3543.08 point, we need to see if we can find support at the 3343.06 point.

It is also necessary to check whether the decline in ETH price affects the BTC price.
Bitcoin (Cryptocurrency)btcdominanceBTCKRWBTCUSDTBTCUSDTPERPChart PatternsTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominanceXBTUSD

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