Bitcoin (BTC) - September 26 (Sideways result is....)

Тема в разделе "English", создана пользователем Trading Ideas, 26 сен 2020.

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    Bitcoin (BTC) - September 26 (Sideways result is....)
    Bitcoin / US Dollar Perpetual Inverse Swap Contract BITMEX:XBTUSD
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    (USDT Dominance 1D Chart)
    It remains to be seen if it can fall below the uptrend line (2).
    You should also watch for a decline below the downtrend line (1).

    You can get support at the uptrend line (2) and at 4.613 and touch the 4.866 point as you climb up, so it is advisable to take your mind and make sure you break through the important points with a clear move.

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    ( BTC Dominance 1D Chart)
    We must see if we can get resistance at the downtrend line (1) and move below the 60.988 point.
    If it is below the 60.988 point by September 27th, I would expect a challenge to move below the short-term uptrend line (5).

    If it falls below the downtrend line (2), there is a possibility of sudden price fluctuations of altcoins, so I think careful trading is necessary.
    If it falls below the 59.659 point and can be resisted, the BTC price and altcoins are likely to see further gains.

    However, as we have not yet been unable to resist below the 60.998 point, it is recommended to check whether you are breaking through the important points with a clear movement with your mind.

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    As mentioned in the USDT and BTC dominance chart description, it can be said that the current position is in a position whether or not it is possible to cross an important point.

    Since it has risen above the 10591.5 point, we have expectations for an uptrend, but have yet to break the short-term downtrend line.

    After breaking through the short-term downtrend line, I think you must check if it rises above the 11072.0 point and above the downtrend line (7).

    If you fall along the two short-term downtrend lines, you must see if you can gain support at the uptrend line (3) around September 30 (September 29-October 1).

    (1h chart)
    After the time indicated on the chart, you should watch to see if you are moving in the direction indicated on the chart.
    If you fall at the uptrend line (3), you need to make sure you get support at 10088.5-10300.0.

    It is expected that whether or not support is received in the Fibonacci retracement ratio range of 9654.5-10318.0 will determine whether it can rise to 12308.5 or fall to 8327.5.

    I think it is on the sideways that cannot be said that it is still rising or falling.
    I think you can make a good decision if you don't look at the coin market in a hurry and look at the coin market with a margin.
    Whenever I go up and down, I recommend thinking ahead of what to do and trading.

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    I think it is the period of volatility from September 21st to October 1st.
    Therefore, I think careful trading is necessary.

    ** 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 generating profit 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.)
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