Bitcoin (BTC) – October 20 (Trend Turn-7)

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You need to see if you can get support at 11748.20, the point of the trend turning point.

If it falls from the short-term uptrend line (7), it is a short-term Stop Loss.

We must see if we can break above the 12123.46 point before October 28-30.

To do that, we have to see if it rises along the uptrend line (3).

If a sharp decline hits 11307.84 points or falls, I think trading to preserve profit and loss is essential.

I think more volume should be increased to show a certain flow.
We have to watch how much volume is generated.
It is expected that the maximum rise will vary depending on the volume size when rising after breaking above the trend turning point.

(1W chart)

It is expected to rise up to around 14919.51-15459.99.
It is expected that there will be a hump at 13500.0.

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(OKEX BTCUSDT 1D chart)

We need to see if we can get support at 11762.7, the turning point of the trend.

We’ll start around October 24th and see if we can break above the 12100.0 point.

If it falls from the short-term uptrend line (2), it is a short-term Stop Loss.

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(Coinbase BTCUSD 1D chart)

We need to see if we can get support at 11753.85, the point of the trend turning point.

We’ll start around October 23rd and see if we can break above the 12134.29 point.

If it falls from the short-term uptrend line (2), it is a short-term Stop Loss.

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( BTC Dominance 1D Chart)

It remains to be seen if it will be getting resistance at the downtrend line (2).

Dominance is rising with BTC price rising.
Accordingly, the price increase of altcoins is slowing or falling.
Since the BTC price should rise to the 12K range, I think that the fund should continue to flow toward BTC .

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(USDT Dominance 1D Chart)

We should see if we can move below the 4.390 point and touch the downtrend line (1).

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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.)