Bitcoin (XBTUSD, BTC1!, BTM1!) - November 2nd

2020年11月2日

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(1D chart)

We need to make sure we can get support at 13642.5 by around 2nd November (1st-3rd November).
Expected fluctuation range: 13272.0-14227.5


(1h chart)-short-term strategy
It is expected to decline in the uptrend line (B)-(A), the uptrend channel.
So, you have to watch which channels are being created.
With support at 13613-13642.5, it remains to be seen if it can climb along the uptrend line (11).

(LONG)
Entry point: 13813.5 point upward breakthrough
Target point: 1st 13920.0 point or higher, 2nd 14227.5 point or higher
(However, if it falls below the upward trend line (B) when it rises, it is Stop Loss.)

(SHORT)
Entry point: When breaking below the 13613.0 point
Target point: 1st 13380.0 point or less, 2nd 13272.0 point or less
(However, if you touch the uptrend line (11) when it falls and rises, it is Stop Loss.)

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(CME Bitcoin (BTC1!) 1D chart)

Today's gap is 13735.0-13955.0.

We need to make sure we can get support at the 13955.0 point.
You also have to see if you can move up along the uptrend line (6).

We have to see if it falls below the 13735.0 point to fill the gap.

We'll also see if it can rise above the previous high of 14170.0.

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(BAKKT Bitcoin (BTM1!) 1D chart)

It is too late to wait for the BAKKT exchange market to open.
It seems that the chapter is not open.

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(BTC Dominance 1D Chart)

We have to see if we can get below the 63.38 point.

Resistance section: The previous gap section, 64.63-66.39 section and downtrend line (3)
Support point: 63.38 and the previous gap, 59.68-62.35

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(USDT Dominance 1D Chart)

It remains to be seen if any movement outside the downtrend line (1)-(2) could occur.
Expected fluctuation range: 3.760-4.390

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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: Closed price
G2: Market price at the time of opening

2020年11月2日

注释

(BAKKT Bitcoin (BTM1!) 1D chart)

Today's gap is 13742.5-13925.0. (Not shown on the chart.)
We need to see if it will fall this way and fill the gap.

It is an attempt to break through the triangular convergence section and fail.

You need to see if you can get support at the uptrend line (6) and at 13427.5.

If it falls at 13427.5, it is a short-term Stop Loss.