Bitcoin (BTC) - November 1

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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
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Above the 27650.0-29350.0 section: The upward trend is expected to continue.

Above 47010.0 point: Expected to create a new wave.


As the green width of OBV in the volume indicator increases, it is necessary to check if there is an upward movement in the center line.

On the wRSI_SR indicator, we need to see if the RS line can hold above 80 until the SR line rises above 80.

In the CCI-RC indicator, it is necessary to check whether the CCI line can be maintained above the +100 point.
In particular, it is necessary to check whether the flow can be seen to rise above the EMA line.

However, the same movement as in section A may occur, so it is recommended to check that there is an upward movement.
However, as it is a 1W chart, it is reflected too late, so we need to make sure that the price stays above the 58464.0 point.


It's a week with a volatility period on the 1W chart, so it's important to see what kind of movement it will see.


(1D chart)
First resistance section: 60811.0-63634.5
Second resistance section: near the 72104.0 point

First support section: near 55164.5 point
Second support section: 46695.0-49518.0


I think the first resistance section is an important section to determine the trend.

Therefore, it is necessary to check whether there is a movement out of the section 58464.0-66059.5.

The reason why you should see a move out of the 58464.0-66059.5 zone is that a whipsaw can create a lot of volatility and move in the opposite direction before forming a trend.

This movement was experienced in the flow of a and b.


It is necessary to confirm whether the current movement will change from the movement between November 1st and 9th (maximum October 31st - November 10th).



You need to make sure that the green width of the OBV, which is part of the volume indicator, is maintained.
(The green width of OBV means the buying trend, so the larger the green width, the bigger the buying trend.)


A short-term uptrend is underway as the RS line rises above 50 points on the wRSI_SR indicator.

We need to see if the RS line moves above the 80 point and can accelerate the short-term uptrend.


On the CCI-RC indicator, you should check if the CCI line touches the EMA line and rises.

If the CCI line stays above the +100 point, I think the BTC price is likely to maintain its uptrend.

(I did not publish an explanation of the opposite direction in the indicator description, but I think you will be familiar with it.)



As long as the USDT and USDC charts show an upward trend among the MarketCap charts, we expect the coin market to maintain an upward trend.

This is because we believe that the rise of the USDT and USDC charts means that money is flowing into the coin market.



Among the articles published in the media, there is an article that an investment company bought a large amount of BTC.

Investment companies run a lot of money.
If you invest that much money in altcoins with a low market capitalization, you will be out of control.

Therefore, investment companies with large amounts of money think it is right to invest in BTC with a high market capitalization.

After reading these articles, if you, as an individual investor, want to invest in BTC in the current coin market, I recommend you to reconsider.

Currently, the BTC price is at a high price with renewed ATH.
Therefore, I do not think it is suitable for individual investors to make new investments.


The altcoin bull market is expected to begin in the near future.
Therefore, I think it is good to find and invest in altcoins that are suitable for the size of your investment and fit your investment style.

However, when the altcoin bull market is over, a big down market is expected to begin, so I think it is essential to trade to preserve the profit or loss on the tokens you have invested in.

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(BTCUSDTPERP 1D Chart)
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First resistance section: 62697.4-65574.9
Second resistance section: near point 74207.2

First support section: near 56942.5 point
Second support section: near the 48310.2-51187.6 point


If the price holds at the 56942.5-62697.4 zone, I expect an attempt to move up towards the first resistance zone.

In particular, when falling near the 54987.2-56942.5 section, you should check whether there is a sharp rise.


Looking at the wRSI_SR indicator, we need to see if the RS line can move higher than the 20 point and turn into a short-term uptrend.


In the CCI-RC indicator, it is necessary to check whether the CCI line can touch the EMA line and show an upward trend.


The next volatility period is around November 12th.

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(Market Cap Chart)
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You should see how the flow of money changes rather than changes in the price chart.
So, you should check the trend of USDT chart and USDC chart.


BTC.D Chart: It is important to find resistance in the range of 47.64-48.81.
USDT.D Chart: A decline below the 2.670 point is critical.

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(XBTUSD 1M Chart) - Big Trend
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All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.

Looking at the big picture, I think 4-5 waves are going on.


Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as the parts that have not yet been created may have the same flow as section A.

The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.

There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section b.

If it fails to break through section a upward, I think it can represent the same flow as section A.


If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.

If the 38K section is touched, it is expected to lead to a sharp rise.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(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.)
Catatan
(ETHUSDT 1W Chart)
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We need to see if this will be a week that continues its uptrend along the uptrend line.


(1D chart)
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You should see if the price holds above the 4220.37 point, which we consider to be a critical point to sustain the uptrend.

The next volatility period is around November 7th.
Catatan
A new candle has begun.
See what kind of movement you will see in the support and resistance zones.

(BTC 1M Chart)
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(1W chart)
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Catatan
(BNBUSDT 1W Chart) - Mid-Long-Term Perspective
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186.1-211.7 or more: Expected to create a new wave.


(1D chart)
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First resistance section: near the 507.9 point
Second resistance section: 632.6-674.1

Support section: 341.7-383.3

It is continuing its upward trend by breaking out of the downward trend line.

If the price maintains above the first resistance level, a move is expected to move towards the second resistance level.

If it rises above the second resistance section, it is expected to rise to the 840.3-881.9 section.
Bitcoin (Cryptocurrency)btcdominanceBTCKRWBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend AnalysisusdtusdtdominanceWave AnalysisXBTUSD

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