Bitcoin (BTC) - November 15

Updated
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(USDT 1D chart)
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(USDC 1D chart)
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I think the fall in the gap between USDT and USDC is a sign that funds have withdrawn from the coin market.


(USDT.D 1D chart)
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A rise in USDT dominance means a fall in the coin market.

So, the question is whether it can drop to around 7.86.


(NAS100USD 1D chart)
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It is expected to trend away from the 11540.3-11942.9 zone.

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(BTCUSDT 1W chart)
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The 13137.51-15916.68 section is the one that determines the trend.

Therefore, if it is supported and rises in this section, it is likely to show an uptrend.


However, it is important to show a sideways trend from the current position, as it must rise above the HA-Low indicator or above the MS-Signal indicator to turn into an uptrend.

If not, it should show a rise above 17176.24-17572.33 or a fall below 15916.68 for more wobble.


Therefore, a short-term response is needed in case of an uptrend, as it needs to rise above 19518.59 in order to convert from the current price level to an uptrend.


(1D chart)
It is necessary to check whether it can show a sideways movement within the 15916.68-17659.38 section until around November 18th.


If not, be careful as there is a possibility of a dip below 15475.10.


Because the flow of money in the coin market is not very good, you need to be careful if the price rises.


The 17176.24-17572.33 section is a support and resistance point drawn on the 1M chart.

Therefore, I think that maintaining the price by rising above this range indicates that the expectation of a rise has increased.


Since the 18353.11-18719.11 section corresponds to the bottom of the previous sidewalk section, if it rises above this section, the movement shown in the sidewalk section is possible.
has a last name

Thus, a tedious sideways move is likely to follow.


After a week or two, the HA-Low indicator on the 1W chart is likely to move, so the 19176.93-19518.59 range is practically meaningless.
(Before that, the HA-Low indicator on the 1D chart would also have been moved.)

However, if it surges from the current price range and touches this area, there is only a possibility that it will become a resistance area.


Since the 20050.02-20798.16 section is forming the volume profile section of the 1M chart, it is important to be able to rise to this section and be supported.


The next period of volatility is around November 18th.

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- big picture
I think you need to be supported in the 13K-15K section to get the power to rise.

Therefore, whether it is rising or falling from its current position, a short-term response is required.

A full-fledged uptrend is expected to start when it rises above 29K.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** If this chart is shared, you can use the indicators normally.

** The MRHAB-T indicator includes indicators that indicate points of support and resistance.

** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

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Note
(BTCUSDTPERP 1h chart)
snapshot
When performing chart analysis, if you analyze only in a high time frame, that is, a time frame where you trade without seeing the flow on the 1M, 1W, and 1D charts, the analysis can only be used for quick response.

In other words, even if you analyze in time frames such as 1m, 5m, 15m, 1h, 4h, etc., if you do not reflect the flow on the 1M, 1W, and 1D charts, you can only use it for day trading or scalping trading.


On November 7th and November 8th, it last touched the 5MEA line of the 1D chart and the M-Signal line of the 1D chart and fell.

And, on November 14th, it touched the 5EMA line on the 1D chart for the first time.

Therefore, the key question here is whether the price can sustain the price by rising above the 5EMA line on the 1D chart.

If you fail to rise, you should be careful as it is likely to lead to further declines.


When you first touch a new support and resistance point or an important indicator, moving average or trend line, you are likely to encounter resistance and fall.

The reason is that you don't have to break through the hard way by investing more money.

This is because there are many people who want to sell themselves just by touching such important support and resistance points.


Anyway, if it leads to an attempt to rise above the 5EMA line on the 1D chart this time, we need to see if it succeeds in breaking through.
Note
(BTCUSDTPERP 1h chart)
snapshot
We need to see if we can break above the 5EMA line on the 1D chart.

Accordingly, the key is whether it can rise with support in the 16844.8 ~ 1.27 (16984.9) section.

If you succeed in breaking through the 5EMA line on the 1D chart, it is important to be able to touch the M-Signal line on the 1D chart.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsUS NAS 100Trend AnalysisUSDCusdtusdtdominance

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