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Bitcoin (BTC) + Ethereum (ETH) - November 5

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BITMEX:XBTUSD.P   Bitcoin
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(BTC + ETH 1D Chart)
(Full screen: www.tradingview.com/x/m8MREG2L/)
The charts for BTC and ETH are in an upward trend.
However, the price of BTC is consolidating and the price of ETH is rising.


The share of BTC price in the coin market is quite high.
Therefore, if the BTC price falls, it is very likely that the coin market will also fall.


In the current market, it can be seen that the movement of the ETH price represents the movement of the market.


When the BTC price drops below the 60811.0 point or below the 58464.0 point, we need to see if there is a sharp movement.

If a sharp move shows the price finding support above the 55164.5 point, I think the market is saying it's not in a downtrend yet.


An important segment for ETH price is near the 4220.37 point.
This is because it is showing a different movement from the BTC price movement from near this point.

So, when there is a sharp movement in the BTC price, if the ETH price is maintained above the 4220.37 point, BTC and ETH are expected to accelerate the uptrend.


BTC: over 66059.5 points
ETH: over 4688.21 points

An upward break above the above points is expected to accelerate the uptrend.


BTC: 55164.5 points and above
ETH: 4115.64-4220.64

An uptrend is expected to begin if the uptrend comes out of a sharp move as it moves down near the above point.

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(Market Cap Chart)
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.


BTC.D Chart: It is important to find resistance in the range of 47.64-48.81.
USDT.D Chart: A decline below the 2.670 point is critical.

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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 fits 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.


If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.

If the 38K section is touched, it is expected to lead to a sharp rise.

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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 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.)
Bình luận:
(BCHUSD 1W Chart) - Medium to Long-Term Perspective
Above the 332.38 point: the uptrend expected to continue

Above 517.20 point: Expected to create a new wave.


(1D chart)
Above the 624.90-702.98 section: The uptrend is expected to accelerate.

However, it should start to break away from the downtrend line.
Bình luận:
(LTCUSD 1W Chart) - Mid-Long-Term Perspective
Above the 78.277 point: the uptrend expected to continue


(1D chart)
Above the 177.410 point: expected to continue the uptrend

I think the 177.410 point is playing an important role in this uptrend.


However, it is necessary to check whether it can overcome the psychological resistance section formed in the section 252.430-261.990.
Bình luận:
(MarketCap Chart)
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.

BTC.D Chart: It is important to find resistance in the range of 47.64-48.81.
USDT.D Chart: A decline below the 2.670 point is critical.

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(XBTUSD 1W Chart)
In the CCI-RC indicator, if the CCI line rises above the EMA line, it is expected to accelerate the uptrend.

If the CCI line falls to the -100~+100 section, it is expected that the boring sideways movement will continue.

Therefore, it is necessary to check whether there is a movement out of the 58464.0-65000.0 section.

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(1D chart)
Due to the volatility around November 9 (November 8-10), it is necessary to check whether there is movement out of the range of 60811.0-63634.5 (max. 58464.0-66059.5).


As you get closer to the 55164.5 point, you need to make sure you can get a rise with a sharp move.
Bình luận:
(BTC + ETH 1D Chart)
If the ETH price declines from the 4372.72 point, it is expected that the coin market will start a downward correction.

At this time, the important thing is to check if there is a sharp movement as you get closer to the section 4115.64-4220.37.

[Example of exchange chart setup]

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

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