Bitcoin (BTC) - October 24

24 окт. 2020 г.

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It remains to be seen if it can break above the previous highs of 13147.08 and 13970.0.

If you touch the 13970.0 point, I think it's important not to touch the 13500.0 point.

You should watch the volume and wRSI_SR indicators continue to follow the flow drawn.

Touching the 12468.0 point may reveal a strong rise, but if that happens, I think it's more likely to fall.

So, if it falls below the 12780.96 point, it is a short-term stop loss.

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(OKEX BTCUSDT 1D chart)

We must see if we can break above the previous highs of 13150.0 and 13971.4.

The Fibonacci retracement rate interval, 14223.1-14828.0, is expected to receive strong resistance.

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(Coinbase BTCUSD 1D chart)

If it falls below the 12808.0 point, it is a short-term Stop Loss.

We must see if we can break above the previous highs at 13202.63 and 13868.44.

If it rises, I would expect strong resistance at 14221.94.

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(BTC Dominance 1D Chart)

We have to see if we can go down to fill the gap that has risen.

With the rise in BTC price, the dominance also rose, indicating that the funds in the coin market were concentrated in BTC.

It remains to be seen whether the decline in BTC dominance will lead to an increase in altcoins' prices.

If it rises near the 63.38 point, altcoins' price decline is expected to be severe.

So, you need to see if it falls below the short-term uptrend line (5).

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(USDT Dominance 1D Chart)

We have to see if we can get resistance at 4.163 and move down.

It remains to be seen if the volatility around October 28 (October 27-29) could move below the uptrend line (4).

You should also check that you are moving up between the downtrend line (1)-(3).

I think it is useful to check the flow by comparing whether the flow of section D displayed on the Volume indicator belongs to any section of A, B, or C.

You should also check that it moves along the downtrend line drawn on the wRSI_SR indicator.

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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.)