Bitcoin (XBTUSD, BTC1!, BTM1!) - November 5
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(1D chart)
You have touched more than 14227.5 points, an important point.
We need to make sure the price can be maintained above the 13920.0 point due to volatility around November 5-7.
Also, we have to see if we can ascend above 14227.5 points.
Since you have touched more than 14227.5 points,
Short-term stop loss point: 13642.5 point (determined according to the flow in the section 13642.5-13920.0)
At 13272.0 branch, I think it is necessary to trade in installments to preserve profit and loss.
The final Stop Loss proceeds in the 12814.0-12974.0 section.
If the closing price of the candle of A shown in the chart falls, it is believed that it will turn into a downward trend, so we set the Stop Loss point as above.
There are cases in which you have to proceed with Stop Loss faster depending on your evaluation price.
The Stop Loss that I have presented is for those with a rating of 12814.0 points or less.
Altcoins are continuing to renew their lows as BTC dominance rises along with the BTC price flow.
If this situation continues, I think that BTC price will eventually fall.
Therefore, I think it is good to carefully set target points for realizing profits.
All trading must be done in installments to maximize regret and profits.
(1h chart) - short-term strategy
The previous short-term strategy was a tough one.
Because it is a short-term strategy to gain profit from leaving the 13813.5-13920.0 range, there have been cases where both SHORT and LONG are touched.
The SHORT strategy failed to touch the 2nd target, 13272.0, and stopped losing.
The LONG strategy also failed to reach the 2nd goal and stopped losing.
The stop loss point or section for the ascent was set and posted.
I think we need a short-term strategy that fits this.
(LONG)
Entry point: When supported in the section 13642.5-13920.0 and breaks above the 13920.0
Target point: 1st 14227.5 points or higher, 2nd 15102.0 points or higher
(However, if it falls without breaking the uptrend line (8), it is Stop Loss.)
(SHORT)
Entry point: When resistance is received in the range 13642.5-13920.0, and breaks downward from the 13920.0 point
Target point: 1st 13272.0 point or less, 2nd 12974.0 point or less
(However, if it rises without falling from the uptrend line (A) or 13454.5, it is Stop Loss.)
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(CME Bitcoin (BTC1!) 1D chart)
Today's gap is 14200.0-14165.0. (Not shown on the chart.)
It is rising from its previous high of 14170.0.
You should check if you can keep the price above 14170.0 points by around November 11.
We also have to see if we can climb above the 14470.0 point.
If it falls at 13955, it is a short-term Stop Loss.
We must see if we can enter the overbought zone by breaking above the uptrend line drawn on the wRSI_SR indicator.
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(BTC Dominance 1D Chart)
We have to see if we can get below the 64.63 point.
We also have to see if we can stay between the 64.63-downtrend line (3) until around November 8.
If they break above the downtrend line (3), altcoins are expected to record further declines.
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(USDT Dominance 1D Chart)
It remains to be seen if it can move below the 4.165 point and the downtrend line (1).
Beginning November 6, the downtrend line (2) crosses the point of 4.165.
So, we have to watch the movement around November 6-12.
The maximum variation is expected to be 3.760-4.482.
-------------------------------------------------- -------------------------------------------
** 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
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 have touched more than 14227.5 points, an important point.
We need to make sure the price can be maintained above the 13920.0 point due to volatility around November 5-7.
Also, we have to see if we can ascend above 14227.5 points.
Since you have touched more than 14227.5 points,
Short-term stop loss point: 13642.5 point (determined according to the flow in the section 13642.5-13920.0)
At 13272.0 branch, I think it is necessary to trade in installments to preserve profit and loss.
The final Stop Loss proceeds in the 12814.0-12974.0 section.
If the closing price of the candle of A shown in the chart falls, it is believed that it will turn into a downward trend, so we set the Stop Loss point as above.
There are cases in which you have to proceed with Stop Loss faster depending on your evaluation price.
The Stop Loss that I have presented is for those with a rating of 12814.0 points or less.
Altcoins are continuing to renew their lows as BTC dominance rises along with the BTC price flow.
If this situation continues, I think that BTC price will eventually fall.
Therefore, I think it is good to carefully set target points for realizing profits.
All trading must be done in installments to maximize regret and profits.
(1h chart) - short-term strategy
The previous short-term strategy was a tough one.
Because it is a short-term strategy to gain profit from leaving the 13813.5-13920.0 range, there have been cases where both SHORT and LONG are touched.
The SHORT strategy failed to touch the 2nd target, 13272.0, and stopped losing.
The LONG strategy also failed to reach the 2nd goal and stopped losing.
The stop loss point or section for the ascent was set and posted.
I think we need a short-term strategy that fits this.
(LONG)
Entry point: When supported in the section 13642.5-13920.0 and breaks above the 13920.0
Target point: 1st 14227.5 points or higher, 2nd 15102.0 points or higher
(However, if it falls without breaking the uptrend line (8), it is Stop Loss.)
(SHORT)
Entry point: When resistance is received in the range 13642.5-13920.0, and breaks downward from the 13920.0 point
Target point: 1st 13272.0 point or less, 2nd 12974.0 point or less
(However, if it rises without falling from the uptrend line (A) or 13454.5, it is Stop Loss.)
-------------------------------------------------- -------
(CME Bitcoin (BTC1!) 1D chart)
Today's gap is 14200.0-14165.0. (Not shown on the chart.)
It is rising from its previous high of 14170.0.
You should check if you can keep the price above 14170.0 points by around November 11.
We also have to see if we can climb above the 14470.0 point.
If it falls at 13955, it is a short-term Stop Loss.
We must see if we can enter the overbought zone by breaking above the uptrend line drawn on the wRSI_SR indicator.
-------------------------------------------------- ------
(BTC Dominance 1D Chart)
We have to see if we can get below the 64.63 point.
We also have to see if we can stay between the 64.63-downtrend line (3) until around November 8.
If they break above the downtrend line (3), altcoins are expected to record further declines.
-------------------------------------------------- -----
(USDT Dominance 1D Chart)
It remains to be seen if it can move below the 4.165 point and the downtrend line (1).
Beginning November 6, the downtrend line (2) crosses the point of 4.165.
So, we have to watch the movement around November 6-12.
The maximum variation is expected to be 3.760-4.482.
-------------------------------------------------- -------------------------------------------
** 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
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