Bitcoin (BTC)-November 8th (Trend Check-2)

2020년 11월 7일

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You touched the 14919.51 point or lower.
We have to see if we can ascend above the 14919.51 point.
You also have to see if you can move up along the uptrend line (8).

There was no short-term downtrend either, but it's showing a lot of decline.
It is the appearance that the sale is being received at the 14249.99 point or higher.

If you don't touch the 13970.0 point, where the new climb began, I think there is a high possibility that additional gains will come out while absorbing the volume.

The volatility around November 11th (November 10-12) will have to watch for movements that deviate from 14249.99-16498.05.

It is expected that RS and SR will intersect in the wRSI_SR metric.
Accordingly, volatility is expected to occur once again.

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(Coinbase BTCUSD 1D chart)

We need to see if it can rise along the uptrend line (4).

It remains to be seen if the volatility around November 9th (November 8-10) could lead to a movement that deviates from the 14221.94-15421.26 range.

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(OKEX BTCUSDT 1D chart)

I touched the 14223.1-14828.0 section, which is the Fibonacci retracement ratio section.
You need to make sure you can get support at point 14828.0.

If it falls at 14828.0, it is a short-term Stop Loss.

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(BTC Dominance 1D Chart)

We have to watch for possible movements that deviate from 63.38-67.44.
If it moves above the 67.44 point, the bear market is expected to be underway.
If it falls below the 63.38 point, it is expected to be on an uptrend.

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(USDT Dominance 1D Chart)

It remains to be seen if the volatility around November 7-12 could lead to a movement outside the 3.760-4.390 range.

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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 are not trading 24 hours a day.
G1: closing price when closed
G2: Market price at the time of opening