Bitcoin (XBTUSD, BTC1!, BTM1!) - November 8

7 thg 11, 2020

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(1D chart)

It fell sharply from the 15568.5 point of the Fibonacci retracement ratio.
The fluctuation was similar to the rise on November 5.

It was expected that there would be a short-term decline, but the support range was extended because there was more fluctuation than expected.

We need to see if we can climb along the uptrend line (8).
Also, we have to see if we can ascend above the 15143.0 point.

If it falls, you need to make sure you get support at 14227.5.

It remains to be seen if the volatility around November 10 could lead to a movement that deviates from the 14227.5-15568.5 range.

The new wave is thought to have been created by breaking above the 13642.5 point.
Therefore, if you do not touch the 13642.5 point, the uptrend is expected to continue.

The wRSI_SR metric was created from the StochRSI metric.
Therefore, the interpretation can be interpreted in the StochRSI method.
You can finally analyze the SR motion made as the intermediate value of the RS motion.
You can see that the rising wave is still going on.


(1h chart)-short-term strategy
Among the previous short-term strategies, the SHORT strategy is still running.

If the current SHORT strategy ends after the time indicated in the chart, we will look at the situation and publish a new short-term strategy.

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(CME Bitcoin (BTC1!) 1D chart)

Closed.

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(BAKKT Bitcoin (BTM1!) 1D chart)

Closed.

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(BTC Dominance 1D Chart)

We have to watch for possible movements that deviate from 63.38-67.44.
If it moves above the 67.44 point, the bear market is expected to be underway.
If it falls below the 63.38 point, it is expected to be on an uptrend.

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(USDT Dominance 1D Chart)

It remains to be seen if the volatility around November 7-12 could lead to a movement outside the 3.760-4.390 range.

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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 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 are not trading 24 hours a day.
G1: closing price when closed
G2: Market price at the time of opening