readCrypto

Bitcoin (BTC) - November 4

readCrypto Mod Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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(USDT.D 1D Chart)
When USDT dominance declines, it is highly likely that the coin market will rise.

So, the key is whether it can break below 6.90.


(NAS100USD 1D Chart)
It is falling below the Fibonacci retracement ratio of 1.13 (10689.2).

If it continues to fall, it is expected to fall below 10478.6.

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(BTCUSDTPERP 1D Chart)
It is necessary to check whether the MS-Signal indicator can be supported as it rises to around 201255.5.

Such a move seems to be interpreted as an increase in the likelihood of changes in the coin market.


The price needs to remain above the HA-High indicator to continue the uptrend.

Therefore, it should be supported and ascend in the 20337.0-20662.9 section.

However, since the resistance section is formed over the section 20794.4-21826.1, it is expected that the upward trend will continue only after it rises above this section.


If it declines from 20122.5, the key is to keep the price above 19520.2.

The 19520.2 point is the point of the HA-Low indicator on the 1W chart and is becoming an important point to maintain the uptrend.


It is worth paying attention to the circled section.

The next volatility period is around November 10th.



(1h chart)
The trend is expected to continue depending on whether support or resistance is found around the circled area.


It is showing movement in the 20122.5-20327.0 section.

This section is the section surrounded by the 5EMA and M-Signal lines of the 1D chart.

It is necessary to check whether it can rise above the 5EMA line by rising above 20327.0 and whether it will fall below the M-Signal line by falling below the 20122.5 level.


If it falls below 20122.5 and finds resistance, it is important to find support in the range of 0.618 (19656.2) to 0.618 (19802.9).

If you fail to do so and touch below 19520.2, you should be careful as the rebound may weaken and lead to further declines.


In order to see an uptrend, there needs to be active movement in the spot market.

To that end, I think it is important that funds continue to flow into the coin market.

If the outflow of funds through USDC stops, the coin market is likely to show a different movement from the stock market.

I think that the funds inflow through USDC are highly likely to be investments from the US side.

Therefore, if funds continue to flow through USDC, it is expected that they will increasingly behave differently from the stock market.

The premise of this move is that it must show the inflow of funds through USDT.

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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.

** SR_R_C indicators are displayed 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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Comment:
(USDT 1D Chart)

(USDC 1D Chart)

You can see that funds are still flowing through USDC.

If USDC continues to diverge below 39.675B, we believe the coin market is likely to enter a recession.

However, if funds continue to flow through USDT, there is a possibility that the coin market will survive.
Comment:
(1D chart)
In the 1D chart, it is worth paying attention to the coins (tokens) supported by rising above the M-Signal line of the 1W chart or the M-Signal line of the 1M chart.

The reason is that if the price is maintained above the M-Signal line, it is highly likely to surge.
Comment:
(LOOMKRW 1D chart)
In this way, if you buy without confirming that it is near the M-Signal line of the 1W chart, you will have to wait as there is a high possibility that you will not be able to hold it until it rises and you will sell.
Comment:
(BTCUSDT 1D Chart)

(BTCUSDTPERP 1D Chart)
Comment:
(BTCUSDTPERP 1h Chart)
If the price is maintained above the 20794.4 - 1.414 (20989.6) level, I would expect the price to move towards the important breakout area of 21481.1-21826.1.

If not, you need to check if it is supported in the circle section below.
Comment:
(USDT.D 1D Chart)
As it fell below 6.90, as mentioned in the broadcast, there is a movement that touches the skin.

In order to face a full-fledged uptrend, it is expected that it will begin to fall below 6.06-6.21.
Comment:
(BTCUSDTPERP 1h Chart)
To convert the main position to the 'SHORT' position, it is time to fall below the MS-Signal indicator and receive resistance.

Therefore, the MS-Signal indicator should turn to a downtrend.

Otherwise, the main position is 'LONG'.
Comment:
(USDC 1D Chart)
We will not know for sure until the candle closes today, but it appears that funds are currently flowing into the coin market via USDC.

[Example of exchange chart setup]

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

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