(1D chart) It was expected to wait a little longer for the rise of altcoins while sideways in the 12814.0-13272.0 section, but it rose rapidly.
It broke through the 13272.0 point strongly. We must see if this force can ascend above 13920.0 points. So, we'll see if it can rise above the 13920.0 point around November 1.
If it falls at the uptrend line (8), it is a short-term Stop Loss.
(1h chart)-short-term strategy It rose above the 13272.0 point on October 27 at 11:00 (UTC) and 20:00 (KST). Uptrend lines (8), (7), (A) have formed the upward channels. Based on this ascent channel, it seems that there is a possibility to move in the 13272.0-14227.5 range. Therefore, I think a short-term strategy should be established between the 13272.0-14227.5 interval and the upside channel (8)-(A).
(LONG) Entry point: falls below the 13613.0 point, touches the 13272.0 point, and rises Target point: 1st 13920.0 point or higher, 2nd 14227.5 point or higher (However, if it falls without breaking the upward trend line (7) after entering, it is recommended to stop loss.)
(SHORT) It is unlikely to fall easily on the bullish channel. However, it may decline due to a weak reversal after a sharp rise. Therefore, if you enter and cannot continue to check the chart, it is recommended not to enter.
Entry point: Touch the uptrend line (A) and drop Target point: When touching the upward trend line (7)
Entry point: at 13272.0 point or down from the uptrend line (8) Target point: 12974.0 point or less
(CME Bitcoin (BTC1!) 1D chart) Today's gap is 13685.0-13890.0. A gap occurred within the previous gap range, 13600.0-13955.0. We have to see if we can climb above the 13955.0 point.
It remains to be seen if volatility around October 29 will lead to a movement to fill the previous gap of 13600.0-13955.0.
If it falls at the uptrend line (6), it is a short-term Stop Loss.
(BAKKT Bitcoin (BTM1!) 1D chart) Today's gap range is 13747.5-13807.5. (Not shown on the chart. It moved higher, breaking above the uptrend line (6). We have to see if we can get support at the uptrend line (7) and climb along the trend line. If it falls at the uptrend line (6), it is a short-term Stop Loss. We have to see if we can move up to the 14302.0-14955.0 range of the Fibonacci retracement rate.
(The rising section predicted by the'Pull Back' pattern) It peaked and fell on August 18th, creating a'Pull Back' pattern and rising. Roughly speaking, if we predict that the'Pull Back' pattern will rise from 1.5 to 2 times the decline, it is expected to rise by about 15809.0-17041.5.
(BTC Dominance 1D Chart) You need to make sure you can get resistance at point 63.38. We will also see if it will fill the previous gap segment 66.39-64.63. We look forward to seeing resistance at 63.38 and falling, allowing altcoins to create an uptrend as well.
(USDT Dominance 1D Chart) It is declining at 4.163 points due to volatility around October 27th. It remains to be seen if it can fall below the uptrend line (4). Also, if you go up, you should see if you can get resistance at the downtrend line (1) or at 4.163 points.
** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
GAP refers to the difference in prices that occurred when CME and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening
Nota
(1D chart) We are returning a lot of parts that have risen. You need to make sure you can get support at the 13272.0 point.
(UTC) You should watch the movement around 19:00 on October 28.
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