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(USDT 1D Chart)
(USDC 1D Chart)
Funds continue to flow out of the coin market via USDC.
If you think that there will be an uptrend in these market conditions, you are likely to trade with a lot of risk.
Therefore, I think it is better to stop trading for a while and check the market conditions until the funds start flowing back into the coin market (when trading in spot).
In these market conditions, I think that what moves the market is driven by the margin, futures market.
So, if you trade without being greedy with small amounts, you will be able to keep your trading sense in these market conditions.
USDT is a stablecoin used around the world, mainly dominated by Chinese capital.
USDC is a stablecoin utilized in North America, mainly dominated by US capital.
Since funds are flowing out through USDC, those who trade in the coin market by watching the movements of the stock market index or chart need to trade with caution.
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(BTCUSDT 1M Chart)
Whether it can move up along the long-term uptrend line (1) is crucial.
If it continues to fall, it is expected to fall to the 13137.51-15916.68 section.
Since this is the previous high, the current price is a very important support and resistance zone.
I'll tell you again after a day has passed since the new candles are created.
(1D chart)
It touched over 20131.46 and fell.
However, if the price is maintained above the uptrend channel (1) formed along the long-term uptrend line and above 19426.43, a movement is expected to rise above the uptrend line (2) and above 20131.46.
Since the HA-Low indicator is passing near 19426.43, it is important to find support near 19426.43.
If not, it is expected to decline to the 17659.38-18353.11 section.
In order to continue the upward trend, it must rise above the HA-High indicator.
So, it should either rise above 20798.16, or shake it up and down to make the HA-High indicator fall.
As the Stoch RSI indicator is entering the overbought zone, it is necessary to check at which point support and resistance are found when it exits the overbought zone.
Accordingly, if the price is maintained above 19426.43 in the volatility around October 6, it is expected that this will lead to further upside.
------------------------------
- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.
So, whether it rises or falls from its current position, both require a short-term response.
A full-fledged uptrend is expected to begin when it rises above 29K.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT 1D Chart)
(USDC 1D Chart)
Funds continue to flow out of the coin market via USDC.
If you think that there will be an uptrend in these market conditions, you are likely to trade with a lot of risk.
Therefore, I think it is better to stop trading for a while and check the market conditions until the funds start flowing back into the coin market (when trading in spot).
In these market conditions, I think that what moves the market is driven by the margin, futures market.
So, if you trade without being greedy with small amounts, you will be able to keep your trading sense in these market conditions.
USDT is a stablecoin used around the world, mainly dominated by Chinese capital.
USDC is a stablecoin utilized in North America, mainly dominated by US capital.
Since funds are flowing out through USDC, those who trade in the coin market by watching the movements of the stock market index or chart need to trade with caution.
---------------------------------------
(BTCUSDT 1M Chart)
If it continues to fall, it is expected to fall to the 13137.51-15916.68 section.
Since this is the previous high, the current price is a very important support and resistance zone.
I'll tell you again after a day has passed since the new candles are created.
(1D chart)
It touched over 20131.46 and fell.
However, if the price is maintained above the uptrend channel (1) formed along the long-term uptrend line and above 19426.43, a movement is expected to rise above the uptrend line (2) and above 20131.46.
Since the HA-Low indicator is passing near 19426.43, it is important to find support near 19426.43.
If not, it is expected to decline to the 17659.38-18353.11 section.
In order to continue the upward trend, it must rise above the HA-High indicator.
So, it should either rise above 20798.16, or shake it up and down to make the HA-High indicator fall.
As the Stoch RSI indicator is entering the overbought zone, it is necessary to check at which point support and resistance are found when it exits the overbought zone.
Accordingly, if the price is maintained above 19426.43 in the volatility around October 6, it is expected that this will lead to further upside.
------------------------------
- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.
So, whether it rises or falls from its current position, both require a short-term response.
A full-fledged uptrend is expected to begin when it rises above 29K.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
[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/
When you break out of the oversold zone, you need to see where you find support and resistance.
A fall below the uptrend line (1) may lead to further declines, so caution is advised.
A volume profile section is being formed at the 20050.02 point.
Therefore, the key is whether it can rise above the 19695.87-21475.02 section.