readCrypto

Bitcoin (BTC) - November 4th (Trend Expansion-10)

BINANCE:BTCUSDT   Bitcoin / TetherUS
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The price is held above the 13500.0 point.
You should watch for any movement that deviates from 12780.96-13970.0.
If it falls between 13147.08-13266.40, it is a short-term Stop Loss.

If you climb and fall above the 13970.0 point, you need to make sure you get support at 13500.0.

There are no points of support and resistance from 13970.0-14919.51.
Although there is a weak point of 14249.99, it is expected to rise almost non-stop.

If it declines at 12780.96, we expect the uptrend this year to close.

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(Coinbase BTCUSD 1D chart)
The Fibonacci retracement ratio is rising within the 13660.56-14247.46 range.
It remains to be seen if it can rise above the 13868.44 point along the uptrend line (4).
You should watch for any movement that deviates from the 12808.0-13868.44 section.
If it falls at 13202.63, it is a short-term Stop Loss.

If you rise and fall above the 14221.94 point, you need to make sure you get support at 13868.44.
If it falls at 13868.44, it is a short-term Stop Loss.

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(OKEX BTCUSDT 1D chart)
We need to make sure we can get support at 13570.2.
You should watch for any movement that deviates from 12729.2-13971.4.
If it falls at 13150.0, it is a short-term Stop Loss.

If you go up and down in the Fibonacci retracement ratio of 14223.1-14828.0, you need to make sure you're getting support at 13971.4.
If it falls at 13971.4, it is a short-term Stop Loss.

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(BTC Dominance 1D Chart)
By touching the 64.63 point or more, I think you have opened the door to the possibility of a movement to fill the previous gap section, 66.39-64.63.
We have to see if we can get resistance at the downtrend line (3) and move down.

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(USDT Dominance 1D Chart)
We have to see if we can get below the 4.165 point.
You should also watch if you can get off the downtrend line (1)-(3).

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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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening

[Example of exchange chart setup]

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

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