readCrypto

Bitcoin (BTC) - October 30 (trend expansion-5)

BINANCE:BTCUSDT   Bitcoin / TetherUS
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You need to make sure you can get support at 13500.0.

We need to see if we can move up along the uptrend line (9).

If it falls, we need to make sure it is supported at 13147.08.

If it falls at 13147.08, it is a short-term Stop Loss.
If it falls from 12780.96, I think it is necessary to trade in installments to preserve profit and loss.

It remains to be seen if the volatility around October 30 (October 29-31) could lead to a movement that deviates from the 12780.96-13970.0 range.

If during the volatility period you get support above the previous high of 12780.96, you will have to see if volatility around 2nd November will cause a movement outside the 13147.08-13970.0 range.

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(Coinbase BTCUSD 1D chart)
It remains to be seen if it can rise along the uptrend line (4) and rise above the 13868.44 point.

If it falls, you need to see if you can gain support and rise at the uptrend line (4) and at 13202.63.

If it falls at 13202.63, it is a short-term Stop Loss.
If it falls from the 12808.0 point, I think it is necessary to trade in installments to preserve profit and loss.

We'll see if we can touch the 13868.44 point around November 1.

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(OKEX BTCUSDT 1D chart)
We need to see what's going on in the volatility around October 30th (October 29-31).

If it falls from the uptrend line (4) and at 13150.0, it is a short-term Stop Loss.

It remains to be seen if it can rise above the 13971.4 point along the uptrend line (4).

If it falls at 12729.2, I think it is necessary to trade in installments to preserve profit and loss.

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(BTC Dominance 1D Chart)
We are challenging the 63.38 point.
We have to see if it will fill the previous gap (66.39-64.63).
If it rises above the 63.38 point, altcoins are expected to fall further.
If this happens, it is expected that the price of BTC will fall soon.

If you get resistance at 63.38 and fall, there is a possibility of an altcoin bull market, so you need to trade carefully.

I think it is necessary to operate funds to obtain profits, such as checking the points of support and resistance of the coins I have, and holding enough coins to withstand.

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(USDT Dominance 1D Chart)
It remains to be seen if it can move below the 4.163 point and the downtrend line (1).
You also need to see if you can get resistance at the downtrend line (2).

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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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening

[Example of exchange chart setup]

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

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