Bitcoin Futures (XBTUSD, BTC1!, BTM1!) - October 29
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(1D chart)
You need to make sure you can get support at the 13272.0 point.
It is located near the 13272.0 point after the trend extended to the 12814.0-13920.0 interval.
Therefore, if it falls below the 12814.0 point, I think it is necessary to trade to preserve the profit and loss.
Since the previous high was touched, if it falls below the 12814.0 point, it is expected to turn into a downtrend.
RS is falling below 50 on the wRSI_SR indicator.
Touch 20 and see if you can ascend.
Also, we need to see if the SR can touch the trend line and rise.
It remains to be seen if the volatility around November 1st (October 31-November 2) leads to a movement that deviates from the 12814.0-13920.0 range.
(1h chart)-short-term strategy
Among the previous short-term strategies, it ended with the SHORT strategy.
As I mentioned in the 1D chart description, I mentioned that the trend has expanded to 12814.0-13920.0.
I think it is necessary to reflect this and establish a short-term strategy.
The strategy was established by expanding the section of the uptrend channel mentioned previously and moving between the uptrend line (B)-(A).
(LONG)
Entry point: When supported at the uptrend line (B)-(8) and rises above the uptrend line (8) (when supported at 13272.0 and rises)
Target point: 1st 13613.0 point or higher, 2nd 13920.0 point or higher
(However, it may fall without breaking the 13380.0 point, so careful trading is necessary.)
Entry point: When exceeding 13920.0 point
Target point: near point 14227.5
(I think there is a high possibility of a sharp rise, breaking above the 13920.0 point, quickly touching near the 14227.5 point and falling.
Therefore, if you enter, it is recommended to watch until liquidation.)
(SHORT)
Entering the SHORT in the bullish channel is a very risky strategy.
A quick touch is required, so if you can't watch until the strategy is over, we recommend not to enter.
Entry point: When rising above 13613.0 point and falling below 13613.0 point
Target point: 1st 13380.0 point or less, 2nd 13272.0 point or less
Entry point: When falling below the 13116.0 point
Target point: Near point 12814.0
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(CME Bitcoin (BTC1!) 1D chart)
Today's gap is 13380.0-13390.0. (Not shown on the chart.)
We need to see if we can climb along the uptrend line (6).
If you decline at the uptrend line (6), you should see if you can get support at 13100.0.
On the wRSI_SR indicator, it is falling on the uptrend line.
Therefore, you should check the flow often.
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(BAKKT Bitcoin (BTM1!) 1D chart)
Today's gap is 13310.0-13427.5.
We need to see if we can climb along the uptrend line (6).
If it falls below the 13025.0 point, it is likely to fall below the uptrend line (1), so it is a short-term stop loss point.
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(BTC Dominance 1D Chart)
We have to see if we can get resistance at 63.38.
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(USDT Dominance 1D Chart)
Due to volatility around October 27, it is rising over 4.163 points.
It remains to be seen if it can move below the 4.163 point or the downtrend line (1).
You also need to see if you can get resistance at the downtrend line (2).
-------------------------------------------------- -------------------------------------------
** 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 should trade from a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, 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
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
(1D chart)
You need to make sure you can get support at the 13272.0 point.
It is located near the 13272.0 point after the trend extended to the 12814.0-13920.0 interval.
Therefore, if it falls below the 12814.0 point, I think it is necessary to trade to preserve the profit and loss.
Since the previous high was touched, if it falls below the 12814.0 point, it is expected to turn into a downtrend.
RS is falling below 50 on the wRSI_SR indicator.
Touch 20 and see if you can ascend.
Also, we need to see if the SR can touch the trend line and rise.
It remains to be seen if the volatility around November 1st (October 31-November 2) leads to a movement that deviates from the 12814.0-13920.0 range.
(1h chart)-short-term strategy
Among the previous short-term strategies, it ended with the SHORT strategy.
As I mentioned in the 1D chart description, I mentioned that the trend has expanded to 12814.0-13920.0.
I think it is necessary to reflect this and establish a short-term strategy.
The strategy was established by expanding the section of the uptrend channel mentioned previously and moving between the uptrend line (B)-(A).
(LONG)
Entry point: When supported at the uptrend line (B)-(8) and rises above the uptrend line (8) (when supported at 13272.0 and rises)
Target point: 1st 13613.0 point or higher, 2nd 13920.0 point or higher
(However, it may fall without breaking the 13380.0 point, so careful trading is necessary.)
Entry point: When exceeding 13920.0 point
Target point: near point 14227.5
(I think there is a high possibility of a sharp rise, breaking above the 13920.0 point, quickly touching near the 14227.5 point and falling.
Therefore, if you enter, it is recommended to watch until liquidation.)
(SHORT)
Entering the SHORT in the bullish channel is a very risky strategy.
A quick touch is required, so if you can't watch until the strategy is over, we recommend not to enter.
Entry point: When rising above 13613.0 point and falling below 13613.0 point
Target point: 1st 13380.0 point or less, 2nd 13272.0 point or less
Entry point: When falling below the 13116.0 point
Target point: Near point 12814.0
-------------------------------------------------- ---------
(CME Bitcoin (BTC1!) 1D chart)
Today's gap is 13380.0-13390.0. (Not shown on the chart.)
We need to see if we can climb along the uptrend line (6).
If you decline at the uptrend line (6), you should see if you can get support at 13100.0.
On the wRSI_SR indicator, it is falling on the uptrend line.
Therefore, you should check the flow often.
-------------------------------------------------- -------------
(BAKKT Bitcoin (BTM1!) 1D chart)
Today's gap is 13310.0-13427.5.
We need to see if we can climb along the uptrend line (6).
If it falls below the 13025.0 point, it is likely to fall below the uptrend line (1), so it is a short-term stop loss point.
-------------------------------------------------- -----
(BTC Dominance 1D Chart)
We have to see if we can get resistance at 63.38.
-------------------------------------------------- ---------
(USDT Dominance 1D Chart)
Due to volatility around October 27, it is rising over 4.163 points.
It remains to be seen if it can move below the 4.163 point or the downtrend line (1).
You also need to see if you can get resistance at the downtrend line (2).
-------------------------------------------------- -------------------------------------------
** 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 should trade from a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, 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
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