Bitcoin (BTC) - November 6th (Trend Expansion-12)
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You need to make sure you can get support in the 14919.51-15459.99 segment.
You should also watch if you can break above the uptrend line (7) or climb along the trend line.
If it falls between 14699.97-14919.51, it is a short-term Stop Loss.
If it falls between 13970.0-14249.99, then split trading is required to preserve profit and loss.
The falling point for all increases is between 12780.96-13147.08, and if it falls from 12780.96, we expect to face a downtrend.
On the wRSI_SR indicator, RS rose by more than 80 and entered an overbought period.
Not far away, we expect short-term bearish signs to emerge.
It remains to be seen if the SR can rise above the uptrend line, 50 and continue the uptrend.
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(Coinbase BTCUSD 1D chart)
The Fibonacci retracement ratio section, 13660.56-14247.46 (14221.94), was broken and the next Fibonacci retracement ratio point, 15421.26, was touched.
We need to make sure we get support at point 15290.01.
Also, we have to see if we can ascend above the 15790.85 point.
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(OKEX BTCUSDT 1D chart)
The Fibonacci retracement ratio section, 14223.1-14828.0, has broken through a sharp rise and is on the rise.
It remains to be seen if the uptrend can continue along the uptrend line (3).
If it falls after breaking above the uptrend line (3), the point at 14828.0 is the short-term stop loss.
Otherwise, if it rises and falls, 14223.1 is the short-term Stop Loss.
The previous high at 13971.4 is the point where installment trading is required to preserve profit and loss.
It remains to be seen if volatility around November 6th (November 5-7) could lead to movements outside the 14223.1- upward trend line (1).
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(BTC Dominance 1D Chart)
We have to see if it will fill the gap between 66.39-64.63
You also need to make sure you want to touch the 67.44 point.
If BTC dominance continues to rise along with the fall of USDT dominance, it is expected that altcoins will move soon.
If altcoins price rises in earnest, BTC dominance is expected to decline, and it is expected to touch 63.38 points.
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(USDT Dominance 1D Chart)
It is falling below the uptrend line (4).
It remains to be seen if the volatility around November 7th (November 6-8) could lead to a movement that deviates from the 3.760-4.135 range.
The 2.754 point was touched as a sign of an anomaly that occurred on October 31st.
Touched near the lower point of the gap section.
We must see if we can break below the 3.596 point, the upper point of the gap, and break below the 3.285-3.374 segment, which is the strong support and resistance segment.
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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: 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.
-------------------------------------------------- -----
You need to make sure you can get support in the 14919.51-15459.99 segment.
You should also watch if you can break above the uptrend line (7) or climb along the trend line.
If it falls between 14699.97-14919.51, it is a short-term Stop Loss.
If it falls between 13970.0-14249.99, then split trading is required to preserve profit and loss.
The falling point for all increases is between 12780.96-13147.08, and if it falls from 12780.96, we expect to face a downtrend.
On the wRSI_SR indicator, RS rose by more than 80 and entered an overbought period.
Not far away, we expect short-term bearish signs to emerge.
It remains to be seen if the SR can rise above the uptrend line, 50 and continue the uptrend.
-------------------------------------------------- -----
(Coinbase BTCUSD 1D chart)
We need to make sure we get support at point 15290.01.
Also, we have to see if we can ascend above the 15790.85 point.
-------------------------------------------------- --------
(OKEX BTCUSDT 1D chart)
It remains to be seen if the uptrend can continue along the uptrend line (3).
If it falls after breaking above the uptrend line (3), the point at 14828.0 is the short-term stop loss.
Otherwise, if it rises and falls, 14223.1 is the short-term Stop Loss.
The previous high at 13971.4 is the point where installment trading is required to preserve profit and loss.
It remains to be seen if volatility around November 6th (November 5-7) could lead to movements outside the 14223.1- upward trend line (1).
-------------------------------------------------- ---------
(BTC Dominance 1D Chart)
You also need to make sure you want to touch the 67.44 point.
If BTC dominance continues to rise along with the fall of USDT dominance, it is expected that altcoins will move soon.
If altcoins price rises in earnest, BTC dominance is expected to decline, and it is expected to touch 63.38 points.
-------------------------------------------------- --------
(USDT Dominance 1D Chart)
It remains to be seen if the volatility around November 7th (November 6-8) could lead to a movement that deviates from the 3.760-4.135 range.
The 2.754 point was touched as a sign of an anomaly that occurred on October 31st.
Touched near the lower point of the gap section.
We must see if we can break below the 3.596 point, the upper point of the gap, and break below the 3.285-3.374 segment, which is the strong support and resistance segment.
-------------------------------------------------- -------------------------------------------
** 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: closing price when closed
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/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
