ぴるさん commented on a stock · Sep 20, 2024 21:41

Daily Analysis (9/20) Today is the notorious SQ! Is it time for a temporary halt?

* Since the analysis is based on a 1-hour timeframe, there is a possibility of significant volatility from here. This is being considered as one reference point.

Fundamental analysis.

- Major cryptocurrency exchangesCoinbase Global Inc Class A Brian Armstrong, CEO of Coinbase Global Inc Class A, emphasized the need for clear cryptocurrency regulations in the USA and the importance of "crypto votes" in the upcoming electionhighlighted the importance of "crypto votes" in the upcoming electionCoinbase CEO, emphasizing the "necessity" of cryptocurrency regulations and the "importance" in the election - CRYPTO TIMES

- BlackRock regarding Bitcoin (BTC)

bitcoin by BlackRockPublish the report and emphasize the 'unique diversified investment' that is detached from traditional financial risks and geopolitical risks for investors.Publish the report and emphasize the 'unique diversified investment' that is detached from traditional financial risks and geopolitical risks for investors.

Cointelegraph.com

Technical analysis (Rating: 2.12/5)

Summary: There is room for a decline after a temporary pause from the rapid rise, and it is likely to fall to around 62,000 after completing the double top chart pattern. Also, be cautious if the MDI/ADX of DMI shows a rapid rise.

- Chart Patterns: After a once-off decline from the symmetrical triangle on 9/18, there was a sharp rebound. Following that on 9/19, it continued to ride the upward range. However, around 22:00, a long bearish candlestick formed, indicating a potential double top formation. →If a double top pattern is formed, there is room for a decline to 62,000. However, the mid-term outlook is upward (2/5).

- Moving Averages: Around 6:00 on 9/18, a golden cross occurred with the 5/21-day moving average. Subsequently, despite entering an upward trending market, no dead cross has been observed. →However, it seems that a dead cross will occur after 22:00 on 5/21 moving average line.(2/5)

Daily Analysis (9/20) Today is the notorious SQ! Is it time for a temporary halt?

- After the golden cross of the 5/21-day moving average of the DMI on 9/18, the ADX rose sharply, but it has been sideways to downward since 19. PDI/MDI crossed at 22:00 on 9/20→⭐︎If the ADX is expected to cross upwards later, please be cautious (1/5)

- RSI x MACD: RSI rose from the golden cross of the 5/21 moving average line on 9/18, reaching overbought levels near 60-70. However, a sharp decline occurred around 45 after 22:00. MACD also had a golden cross similar to RSI timing. However, a dead cross occurred around 12:00 on 9/19, followed by a gradual decline. (1/5)After the 5/21 moving average line on 9/18, it rose to overbought levels around 60-70. However, there was a sharp drop back to around 45 after 22:00. MACD also had a golden cross at a similar time as RSI. However, a dead cross occurred around 12:00 on 9/19, followed by a gradual decline.However, after 22:00, there was a sharp drop to around 45. MACD also had a golden cross at a similar time as RSI. However, a dead cross occurred around 12:00 on 9/19, followed by a gradual decline. (1/5)

Historical Volatility: After the increase on 9/18, it gradually decreases and becomes range-bound (2.5/5).