Bitcoin (BTC) - October 11

11 thg 10, 2020

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The RSI indicator is located in the overbought zone.

Accordingly, you can touch the 11072.0 point and the downtrend line (6) around October 13th (October 12-14).
Also, you can ascend to point 11516.5, and you need to see if the volume increases.

Therefore, we need to make sure we can get support at 11244.0.

You should watch the movement of the wRSI_SR indicator (the StochRSI indicator using Welles Wilder's RSI formula).

The point where it turns into an uptrend is at 11516.5 points.
The uptrend is expected to accelerate as further gains break above the 11757.5 point.

To do that, I think that one large volume must occur.
If a large volume does not occur, it is only a rebound, so it will fall soon.

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(USDT Dominance 1D Chart)

We need to see if we can get resistance at 4.511 and go down.

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(BTC Dominance 1D Chart)

You should see if you are falling along the downtrend line (1).

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** 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.)

11 thg 10, 2020

Ghi chú

(Binance BTCUSDT chart)
(1W)
If you can break above the downtrend line (6) and rise above the 11748.20 point, I think there is a possibility that it will rise above the 14919.51 point.

(1D)
If it falls, we need to see if we can get support at 11071.35-11219.81.

11 thg 10, 2020

Ghi chú

(OKEX BTCUSDT 1D chart)

We have to see if we can get support from 11086.8-11381.6 and break through 11762.7.

11 thg 10, 2020

Ghi chú

(Bithumb BTCKRW chart)
(1W)

(1D)
Make sure you can get support from the base line.
If it falls, it should gain support and rise at 12547000.0.
It remains to be seen if the trend can be reversed by rising above the 1340 2000.0 point.