Bitcoin (XBTUSD) - November 1 (predicted flow) (1M, 1W, 1D)

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There is no short-term strategy today.


(1M chart)

Let's look at the 1M chart to see the overall flow.
(The 1M chart is to show the overall flow, so it may be different from the point mentioned in the 1D chart.)

It remains to be seen if it can break above the previous highs of 13272.0 and 13920.0 and move above 14227.5.

If it falls from 12974.0, it is likely to touch 11516.5 or less, so it is a short-term Stop Loss point.

If it starts to decline, it is expected to be supported primarily at the uptrend line (2).
It is then expected to bottom out secondarily with support at the uptrend line (1).
Therefore, the floor formation period is expected to be between 7000.0-8327.5.

If it breaks above the previous high and rises above 14227.5, the next resistance (target) is at 151430.0.

Please refer to the flowchart drawn on the wRSI_SR indicator.


(1W chart)

Check out what you saw on the 1M chart with more detailed candle information.
Looking at the wRSI_SR metric, you can see that there is still room to go up.


(1D chart)
The triangular convergence section is breaking upward.
You need to make sure you can get support at the top of the triangular convergence section (point 13642.5).

It remains to be seen if volatility around November 1st (October 31-November 2) could lead to a movement that deviates from the 13272.0-13920.0 range.

If you have risen above 14227.5 points, I think you will need to gain support at 13920.0 points for further ascent.
Therefore, after touching more than 14227.5 points, 13920.0 points are short-term stop loss points.

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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

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(XBTUSD 1h chart)
(UTC)
It remains to be seen if it can gain support at 13613.0 and the uptrend line (B).

If it falls from the 13613.0 point, it is a short-term Stop Loss as there is a possibility to touch below the 13272.0 point.

You can touch the uptrend line (11) and rebound, so I think careful trading is necessary.

You should see the movement after the time indicated on the chart.
The short-term uptrend channel is the uptrend line (B)-(A), so it is a threat to decline from the uptrend line (B).

On the wRSI_SR indicator, we need to see if the SR could rise above the uptrend line.