[10/05] Beast Trading _ Today's NASDAQ & BTC Analysis

[10/05] Beast Trading _ Today's NASDAQ & BTC Analysis

Bitcoin has suddenly shown a strong rise since yesterday and has been rising without adjustment.

NASDAQ has also been rising tremendously steeply with a strong rebound since it hit a new low, and today I'm briefing you on the NASDAQ.

This is the NASDAQ 4-hour chart.

After being supported twice in the upward trend line that has been formed since June 17, the upward trend line has been broken, changed to the resistance line, received two resistances, and is still acting as the resistance line.

Since renewing the previous low, which was an important position, it has risen sharply, raising it by nearly 750 points, and the upward trend is still strong.

On the stochastic auxiliary index, the 4-hour (set value 533) index is slightly bent downward from the high point.

On the surface, it means that there is a high probability of adjustment.

Overall, the global economy is in a very negative situation, but so many people are looking at a decline that seems to be giving rise that people don't expect.




In the case of Bitcoin, the downward trend that has continued for more than 300 days since the reporting point (69k) has been broken yesterday.

It depends on the analysis, but I think we need to be a little careful because the long-term decline has broken through.





If the bottom line of the DXY (dollar index) parallel channel is broken, the probability that the stock market will continue to rise is up

If supported at the bottom line and the dollar index rises again, the stock market will fall



It feels like the difficulty of the market itself has increased a lot. I hope everyone responds wisely in difficult situations and makes a profit. :)
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