readCrypto

Bitcoin (BTC) - October 22

BINANCE:BTCUSDT   Bitcoin / TetherUS
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(USDT 1D Chart)

(USDC 1D Chart)

The rise of the candles of stablecoins such as USDT and USDC means an increase in stablecoins generated by selling coins in the coin market.

In stablecoins, the inflow of new funds is expressed as a rise in the gap.


(NAS100USD 1D Chart)
The key is to find support and move higher in the 1.13 (10689.2)-0.886 (11344.2) range, which is the right-hand Fibonacci ratio range.

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(BTCUSDT 1D Chart)
In order to transition into an uptrend, the price must remain above the HA-Low indicator.

To do that, it should finally rise to around 19695.87.


If it doesn't, it will likely move down along a short-term bearish channel.

The key is to find support above 19176.93 to break out of the short-term bearish channel.


If it fails to move above 19176.93, it is expected to move towards the downtrend line (2), near 18353.11.

At this time, you need to check if it is supported near 17659.38-18353.11.


The next volatility period is around October 23 (October 22-24).

Therefore, it is necessary to check the movement of volatility that occurs at this time.

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- 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.

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** 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.

** HA SRRC indicators are expressed 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.)

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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