(1D chart) We have to see if we can climb above the 12974.0 point.
It remains to be seen how the volatility around October 22nd (October 21-23) will turn out.
It remains to be seen if it can rise to the 14299.0-14962.5 interval with the Fibonacci retracement rate interval.
If it falls, you need to make sure it is supported by the uptrend line (4).
(1h chart)-short-term strategy It was ended because it entered the LONG strategy among the previous short-term strategies and touched above the target point.
The important point in our current location is 12974.0.
Also, the volume profile point of the 1h chart is formed at 12471.0 point. Therefore, we believe that a short-term strategy should be established according to the flow that deviates from the 12471.0-12974.0 range.
(LONG) Entry: When supported in the 12471.0-12974.0 section and break above the 12974.0 point (If you touch the rising trend line (C) and go up, or touch the 12471.0 point and go up, a bigger rise is expected.) Target point: 13272.0 point or higher
(SHORT) Entry: When resistance is received in the 12471.0-12974.0 section and breaks down the 12471.0 point (You can touch and climb the Fibonacci retracement rate point of 12308.5, so you need to enter carefully. Depending on whether you get support or resistance at the uptrend line (4), it remains to be seen whether SHORT's strategy will continue or Stop Loss.) Target point: 12163.5 points or less
(BAKKT Bitcoin (BTM1!) 1D chart) Today's gap is 12977.5-13010.0. (Not shown on the chart.) New High is updated on the BAKKT chart, so there is no point for reference.
Accordingly, let me talk to the Fibonacci retracement ratio point.
The Fibonacci retracement rate point is on the rise after breaking through the 12342.5 point. If it falls, you need to make sure it is supported by the uptrend line (1).
The next support and resistance interval in the Fibonacci retracement ratio is between 14302.0-14955.0. If you get support in this segment, you're likely to touch more than 16261.5 points. If you get resistance and fall in the 14302.0-14955.0 interval, there is a chance it will fall below the 12342.5 point.
The trend line that is important in your current position is the uptrend line (1).
We have to see how volatility around October 23rd (October 22-24) goes on.
** 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 CME and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: closing price when closed G2: Market price at the time of opening