Bitcoin (BTC) - October 8

7 ต.ค. 2021

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(BTC 12M Chart)


(1M chart)


The distribution of trading volume is different for each exchange.
This means that the funds have been moved and the transaction has been made.

Looking at the overall trend, I think it was an active year in margin trading and futures trading.
In particular, the shorts were strong.

In this market movement, trading volume in the spot market decreased, and the price received a downward correction.

In doing so, a new support zone (27K-29K) was formed, and based on that support base, the price is rising.

This uptrend is expected to end the last buying period and form a bull market for realizing profits.


(Market Cap Chart)

You should see how the flow of money changes rather than changes in the price chart.
So, you should check the trend of USDT chart and USDC chart.


Looking at the USDT Dominance (USDT.D) 1D chart, it is declining at the 3.009 point.
It is expected to touch the uptrend line (1) again in the near future.
Therefore, the possibility of sudden movements is increasing.
(If USDT dominance declines, I think the coin market is more likely to lead to an uptrend.)

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(XBTUSD 1D Chart)
Support section: 46695.0-49518.0 section.

First resistance section: 55164.5-56641.5 section.
Second resistance section: 60811.0-63634.5 section.


I think the first resistance section is most likely a psychological resistance section.
Therefore, I think that there is a high possibility that the shaking by the whip saw will occur.

In order to withstand this movement, it is necessary to widen the management of the investment and the stop loss point.

A sharp decline may touch near the 50876.0 point, so trade cautiously.


The coin market is expected to maintain an upward trend unless the trend is reversed in the USDT and USDC charts mentioned above.



It is necessary to check whether the green width of OBV in the volume indicator is increasing.
This is because when the green width of OBV increases, it means that the buying trend is strong.


If the RS line falls below the 80 point on the wRSI_SR indicator, a short-term downtrend is highly likely.
At this time, it is necessary to check where the support is received.

If the support point is above the 50876.0 point, I would expect it to lead to a sharp rise when converted into a short-term uptrend.


In the CCI-RC indicator, it is necessary to check whether the CCI line is maintained above the +100 point.
This is because the CCI line above the +100 point means it is in an uptrend.

If the EMA line rises above the +100 point and the CCI line moves above the EMA line, we expect a full-fledged uptrend.

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(XBTUSD 1M Chart) - Big Trend

All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.

Looking at the big picture, I think 4-5 waves are going on.


Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as the parts that have not yet been created may have the same flow as section A.

The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.

There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section b.

If it fails to break through section a upward, I think it can represent the same flow as section A.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)