Bitcoin (BTC) - November 1 (trend expansion-7)

2020年10月31日

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We'll have to see if we can break through the 13970.0 point, the last point to ascend to the scheduled goal of 14919.51-15459.99.

If it falls from the 13500.0 point, it is likely to touch below the 13147.08 point, so it is a short stop loss point.

It remains to be seen if the volatility around November 2nd (November 1st-3rd) causes any movement outside the 13147.08-13970.0 range.


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(Coinbase BTCUSD 1D chart)

We need to make sure we get support at 13868.44.
We also have to see if we can gain support and rise in the Fibonacci retracement ratio range of 13660.56-14247.46.

If it falls below the 13660.56 point, it is likely to touch below the 13202.63 point, so this is a short-term Stop Loss.

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(OKEX BTCUSDT 1D chart)

It is rising along the uptrend line (4).

We must see if we can ascend above the 13971.4 point.

It remains to be seen if it can rise to the 14223.1-14828.0 section of the Fibonacci retracement rate.

If you fall from the uptrend line (4), you can touch below the 13150.0 point, so this is a short-term Stop Loss.

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(BTC Dominance 1D Chart)

It continues to rise even with strange signs.
There was a short-term bearish signal in the wRSI_SR indicator.
It remains to be seen if volatility around November 1st (October 31-November 2) could lead to a movement that deviates from the 63.38-64.63 range.

Accordingly, I think it is necessary to establish a strategy to maximize profits by grasping the points or sections of support and resistance of altcoins, and then entering after a movement to rise no matter what.
(It is not recommended to enter in advance as there is a possibility of a decline.)

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(USDT Dominance 1D Chart)

On October 31st, a strange sign occurred and touched the 2.735 point.
We've experienced a strange symptom and then ascend to near the point where the symptom occurred, so it's time to see if that will happen again.

Touched near the gap section that occurred on August 31st.

It remains to be seen if it can move towards the point of 3.596, the upper point of the gap.

Before that, you need to see if you can fall below the downtrend line (1).

The hardest part to break through on the current chart is 3.285-3.374.

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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: Closed price
G2: Market price at the time of opening