Summary
Bitcoin bounces to 78,400 inside its 76,160-78,410 range: sell 78,900-79,200 under D1 Tenkan, buy only above 76,950
BTC lost 4.2% on Oct 29 and bottomed at 76,161 on Oct 30. Since then it ranges 76,960-78,410 and now tests the top. D1 stays bearish (below Tenkan 79,036 and Kijun 80,511, MACD falling); H4-H1 turned up. Sell 78,900-79,200 unless H4 closes above 79,250.
Key levels
- Resistance · Minor81,200.0
- Resistance · Minor80,511.0
- Resistance78,900.0 – 79,200.0
- Resistance · Minor78,411.0
- Now78,091.8
- Support · Minor77,890.0
- Support · Minor77,490.0
- Support76,950.0 – 77,250.0
- Support · Minor76,160.0
Timeframes
| Timeframe | Direction | Reading |
|---|---|---|
| D1 | Lower highs since 84,860Oct 29 81,256-77,808, low 76,161 Oct 30; under Tenkan 79,036, Kijun 80,511, BB mid 80,582; MACD -1,138 < -730RSI(18) 42.2MACD -1137.6 / -730.1Kijun 80510.7BB lower 76900.9 | Oct 29 81,256-77,808, low 76,161 Oct 30; under Tenkan 79,036, Kijun 80,511, BB mid 80,582; MACD -1,138 < -730RSI(18) 42.2MACD -1137.6 / -730.1Kijun 80510.7BB lower 76900.9 |
| H4 | Range 76,960-78,410, MACD turning upRange since Oct 30; at BB upper 78,386, above Tenkan 77,847, below Kijun 79,036; MACD -412 > -659; RSI18 47.1RSI(18) 47.1MACD -411.8 / -659.3Kijun 79035.5BB upper 78385.5 | Range since Oct 30; at BB upper 78,386, above Tenkan 77,847, below Kijun 79,036; MACD -412 > -659; RSI18 47.1RSI(18) 47.1MACD -411.8 / -659.3Kijun 79035.5BB upper 78385.5 |
| H1 | Broke the 77,490-78,050 box23:00 bar 77,715-78,305, high 78,411; above Tenkan 77,949, Kijun 77,890; cloud top 78,460; MACD 115 > 83; RSI 61RSI(18) 61.0MACD 115.1 / 83.2Kijun 77889.5Senkou B 78459.6 | 23:00 bar 77,715-78,305, high 78,411; above Tenkan 77,949, Kijun 77,890; cloud top 78,460; MACD 115 > 83; RSI 61RSI(18) 61.0MACD 115.1 / 83.2Kijun 77889.5Senkou B 78459.6 |
| M15 | Holding above 78,000Highs 78,411 and 78,396; above Tenkan 78,164, Kijun 77,949; at BB upper 78,371; MACD 109 > 66; RSI18 62.5RSI(18) 62.5MACD 109.1 / 65.7Kijun 77948.9 | Highs 78,411 and 78,396; above Tenkan 78,164, Kijun 77,949; at BB upper 78,371; MACD 109 > 66; RSI18 62.5RSI(18) 62.5MACD 109.1 / 65.7Kijun 77948.9 |
Trade plan
3 scenarios are prepared for this analysis. Sign in (free) to see their entry, stop loss and targets while the analysis is valid. They become public once it expires.
- Primary · Sell
- Breakout · Buy
- Counter-trend · Buy
Watch out
- Levels read from the Exness BTCUSD chart; Binance BTCUSDT can differ by a few tens of dollars
- The range top 78,410 can produce false breaks in thin Asian hours: wait for candle closes, not wicks
- Busy US week: ISM manufacturing today (15:00 UTC), US midterm elections on Tuesday, jobs report (NFP) on Friday
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