Bitcoin (BTC)-September 27 (Sideways result is....)

27 thg 9, 2020

Sideways result is....
Expectations for rising prices are raising!!!


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(USDT Dominance 1D Chart)

It remains to be seen if it can fall below the uptrend line (2).
You should also watch for a decline below the downtrend line (1).

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(BTC Dominance 1D Chart)

We must see if we can get resistance at the downtrend line (1) and move below the 60.988 point.
If it is below the 60.988 point by September 27th, I would expect a challenge to move below the short-term uptrend line (5).

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I think that the dominance of USDT and BTC is slowly falling, increasing the expectation of a price increase in the coin market.

In addition, the BTC price also breaks through the two short-term downtrend lines, further increasing expectations for an uptrend.

I think we need to see if we can move above 11072.0 points around September 30 (September 29-October 1), or if we can get support at 10591.5 points or the uptrend line (3).

I think it's important to check if there is support or resistance at critical points or sections, such as 10088.5 points or 11072.0 points, because there can be a sudden turnaround or a sudden rebound due to fakes.

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(Binance BTCUSDT 1D Chart)

Taking all the current trend lines together, I think the maximum volatility of BTC price is 3916.82-15459.99.
We believe that these price changes are likely to be caused by external factors.
Due to the nature of the coin market, large fluctuations may occur at any time, so I think you should pay close attention.

At this point, we have to see if we can get support at 10589.45 and rise above 11071.35 and the downtrend line (4).
You also need to see if you can rise above the downtrend line (6) to further boost your expectations for an uptrend.
Breaking the downtrend lines (4) and (6) and gaining support at 11748.20 is expected to rise above 13500.0 points.

If you go down at the uptrend line (1), it's a short-term stop loss.
Also, I think you should be prepared for a downturn.
This is expected to touch the 8184.81-8526.98 section near the downtrend line (5).
And, we have to see if we can get support and rise at the uptrend line (2).

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I think it is the period of volatility from September 21st to October 1st.
Therefore, I think careful trading is necessary.


** 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 generating profit 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.)