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Bitcoin (BTC) - September 28 (new start...)

BITMEX:XBTUSD.P   Bitcoin
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It has been rising after crossing the two short-term downtrend lines.

We will see if the volume required to rise above the 11072.0 point can be generated.

I think a lot of volume is needed to go beyond the base line.
After touching the base line, you can touch the 10591.5 point with a sharp decline, so you should avoid double losses with hasty trading.
I think we need to make sure that the trade does not end in the swaying wave before departure with a more relaxed entry and a looser Stop Loss point.

If it falls below the uptrend line (3), it is a short-term Stop Loss.
Also, if it falls below the 10088.5 point, I think it is necessary to trade to preserve profit and loss.

However, if it does not fall below the 9654.5 point, it is highly likely to rise again, so if you are unable to respond in the short term, it is better to wait without doing anything.

The range of fluctuation that can occur at the current location is 10300.0-11516.5.
If you move below 10591.5 points or more than 11072.0 points among the above fluctuations, rapid movement may occur.

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(USDT Dominance 1D Chart)
After touching the 5.003 point, it is starting to decline and is moving toward the 4.613 point.
It remains to be seen if it can move below the 4.511 point this week.
We should check the movement well by October 1st.

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(BTC Dominance 1D Chart)
We need to see if we get resistance at the downtrend line (1) and fall below the short-term uptrend line (5).
It remains to be seen if the decline in the short-term volume profile formed at 60.998.

Volatility is likely around October 6th, so I think we need more careful trading this week.

If it is below the downtrend line (1), altcoins are expected to increase their prices selectively, so it is recommended to check how the altcoins are showing interest in support and resistance points or sections.

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

About October 28, when maximum volatility is expected to occur, is about a month left.
The most important thing is to generate revenue, so I think it's time to trade to earn money.

** 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.)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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