Bitcoin (BTC) - November 7 (Trend Check)

٦ نوفمبر ٢٠٢٠

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We need to make sure we can get support at 15459.99.
Also, if it falls, you need to make sure you get support at 14919.51.

In the short term, volatility around November 7th could touch the 14919.51 point or less.
If you touch aha at 14919.51, it must close at 14919.51 or higher.

I think there is a high possibility of a short-term decline after a sharp rise.
The point that must be supported in this decline is at 14919.51.

So, if you fall between 14699.97-14919.51, it is a short-term Stop Loss.

You should touch the uptrend line (8) and see if you can go up.

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(Coinbase BTCUSD 1D chart)

We have to watch for possible movements that deviate from 15290.01-15790.88.

If it falls from 152901.01, it is a short-term Stop Loss.

The next volatility is expected to occur around November 9.

During the short-term downturn, you have to see where you get support and how much fluctuations will occur.

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(OKEX BTCUSDT 1D chart)

It remains to be seen if it can continue to rise along the uptrend line (3).
Also, we need to see if we can touch the Fibonacci retracement rate point of 16037.8.

If it falls from the uptrend line (4) and points at 14828.0, it is a short-term Stop Loss.

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(BTC Dominance 1D Chart)

It fills the previous gap of 66.39-64.63 and is on a decline.
We have to watch for possible movements that deviate from 64.63-65.89.

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(USDT Dominance 1D Chart)

It remains to be seen if the volatility around November 7th (November 6-8) could lead to movement outside the 3.760-rising trendline (4).

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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: closing price when closed
G2: Market price at the time of opening