Bitcoin (BTC)-October 15 (Trend Turn-2)
Dear traders, nice to meet you.
“Like” is a huge force for me.
By “following” you can always get new information quickly.
Thank you for always supporting me.
It is falling at points A, B and C.
We have to see if we can quickly ascend above 11516.5 points.
We also need to see if the mentioned in BTC Dominance will support and rise up to 11072.0 points.
If the rises, you need to rise above 11757.5 points, get support at the uptrend line (5) and see if it rises along the .
(USDT Dominance 1D Chart)
We need to see if it deviates from the downtrend line (1)-(3).
( BTC Dominance 1D Chart)
There is a gap section 66.391-64.632 that occurred on June 1.
When the time comes for BTC dominance to rise, it is expected to fill the gap.
When is likely to occur, more careful trading is required.
This is because it is easy to incur double losses by trading due to psychological factors.
It is recommended to prepare a scenario for setting the maximum Stop Loss point that you can tolerate and the point of profit realization.
** 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 must trade from a short-term investment perspective.