Bitcoin (BTC) - October 18Hello?
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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.
The USDT stablecoin is a coin that has an active market on exchanges around the world.
Therefore, the market has a strong influence among stablecoins.
If USDT rises above 68.468B (a rise in the gap should continue), the coin market is expected to rise.
However, the outflow of funds through the USDC stablecoin must be stopped.
Otherwise, the uptrend is expected to be limited.
(NAS100USD 1D Chart)
The key is whether it can support and move higher in the 1.13-0.886 range, the right-hand Fibonacci ratio range.
(DXY 1M chart)
For the dollar to weaken, it is expected that it should fall below the 106.130-108.510 range.
So, the key is whether the 114.315-123.460 zone can find resistance and move down.
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(BTCUSDT 1W Chart)
The key is whether the uptrend can continue along the uptrend line (2).
Looking at the HA SRRC indicator, the RSI indicator is still in the oversold zone.
So, when you break out of the oversold zone, you should check to see if you find support near the 19695.87 level.
A volume profile section is being formed at the 20050.02 point.
Therefore, it is important to gain support by rising above 20050.20.
(1D chart)
As it rose above the 19530.09 point, it rose above the MS-Signal indicator.
Therefore, if the price holds above 19530.09, it is expected to turn into an uptrend.
However, in order to continue the uptrend, it must rise above the HA-High indicator, so you need to be careful when trading.
Even if it rose above the HA-High index, there is a resistance section of 20798.16-21838.98, so it is necessary to approach it from a short-term perspective.
The volume profile section is being formed by walking sideways for about 2 months in the current section (19K section).
Therefore, the coin market is expected to accelerate the uptrend if support continues in the current section and the inflow of funds occurs.
As mentioned above, it is not possible to say that the outflow of funds from the coin market has stopped, so even if it shows an upward trend now, it is expected that there will be restrictions on the extent of the increase.
The next volatility period is around October 23rd.
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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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