Bitcoin (BTC) - December 15
Updated
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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
28130.0-29300.0 or higher: Expected to continue upward trend
41950.0-46930.0 or more: Expected to create a new wave.
It is moving downward from the A section, ie the 50931.30 point, finding resistance and turning into a downtrend.
However, looking at the overall trend, it maintains an upward trend.
Therefore, the interval where we can say that the overall trend will turn into a downtrend should fall below the 41950.0-46930.0 interval.
Looking at the CCI-RC indicator, we can see that the CCI line is above the +100 point, indicating that it is already in an uptrend.
However, as it is below the EMA line, it can be said that the uptrend was limited.
If the CCI line breaks above the EMA line and rises, it is expected to lead to a sharp rise.
It is necessary to check if the center line is rising as the green width of the OBV in the volume indicator increases.
An increase in the green width of OBV means that the buying trend is increasing.
One interesting phenomenon is that in the wRSI_SR indicator, when the RS line falls below the 20 point and then rises, it looks like a big uptrend.
See if this applies again.
(1D chart)
First resistance section: 60383.36-63162.53
Second resistance section: near point 71500.03
First support section: near the 54825.02 point
Second support section: 46487.52-49266.69
We need to see if we can find support in the second support zone and move above the 49266.69 point.
The price needs to rise above the 50931.30 point to maintain the short-term uptrend.
(Unlike the previous analysis, the point of transition to a short-term uptrend has changed over time.)
A decline from the 45135.66 point could lead to a fall near the 38150.02 point, requiring a short-term Stop Loss.
However, careful trading is required as there is a possibility of a rebound by touching the C section, which is an uptrend channel.
In the wRSI_SR indicator, it can be seen that the upward divergence has occurred on the surface as the RS line deviates from the convergence section, B section.
However, for this upward divergence to lead to an actual price increase, the red width of OBV in the volume indicator must change to green and increase.
The next volatility period is around December 22.
-------------------------------------
(BTCUSDTPERP 1D Chart)
First resistance section: 62697.4-65574.9
Second resistance section: near point 74207.2
First support section: near 56942.5 point
Second support section: near the 48310.2-51187.6 point
You need to check if you can get support and rise in the second support zone.
In particular, we need to see if we can break out of the short-term downtrend line.
If it falls from the 47000 point, it could fall again near the 39677.8 point, so you need to think about how to deal with it.
In order to transition into an uptrend, the price must rise above the 53233.1 point to hold the price.
The next volatility period is around December 18th (December 17-19).
------------------------------------
(Market Cap Chart)
(All: tradingview.com/x/IsCdkMw2/)
You should see how the flow of money changes rather than changes in the price chart.
So, you should check the trend of USDT chart and USDC chart.
(If the USDT and USDC charts are in an uptrend, the coin market is expected to continue the uptrend.)
The USDT.D chart shows the same movement as section A around the week containing December 13th.
It remains to be seen whether a drop below the 2.910 point will lead to an uptrend, or a move above the 3.374 point for a short-term downtrend.
If the following phenomena do not occur, the coin market is expected to maintain an upward trend.
Prelude to a downtrend in the coin market
- BTC price drop
- BTC dominance rise
- USDT dominance rise
In that sense
BTC Dominance (BTC,D): Should rise above the 47.64-48.81 section.
USDT Dominance (USDT.D): Must rise above 3.374 point.
A phenomenon that can be seen as a change in the coin market to a downtrend
- USDT Chart: Falling below 58.376B
- USDC Chart: Falling below 23.858B
- BTC.D chart: rise above 56.78 points
- USDT.D chart: rise above 4.158 point
-------------------------------------------
(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
28130.0-29300.0 or higher: Expected to continue upward trend
41950.0-46930.0 or more: Expected to create a new wave.
It is moving downward from the A section, ie the 50931.30 point, finding resistance and turning into a downtrend.
However, looking at the overall trend, it maintains an upward trend.
Therefore, the interval where we can say that the overall trend will turn into a downtrend should fall below the 41950.0-46930.0 interval.
Looking at the CCI-RC indicator, we can see that the CCI line is above the +100 point, indicating that it is already in an uptrend.
However, as it is below the EMA line, it can be said that the uptrend was limited.
If the CCI line breaks above the EMA line and rises, it is expected to lead to a sharp rise.
It is necessary to check if the center line is rising as the green width of the OBV in the volume indicator increases.
An increase in the green width of OBV means that the buying trend is increasing.
One interesting phenomenon is that in the wRSI_SR indicator, when the RS line falls below the 20 point and then rises, it looks like a big uptrend.
See if this applies again.
(1D chart)
First resistance section: 60383.36-63162.53
Second resistance section: near point 71500.03
First support section: near the 54825.02 point
Second support section: 46487.52-49266.69
We need to see if we can find support in the second support zone and move above the 49266.69 point.
The price needs to rise above the 50931.30 point to maintain the short-term uptrend.
(Unlike the previous analysis, the point of transition to a short-term uptrend has changed over time.)
A decline from the 45135.66 point could lead to a fall near the 38150.02 point, requiring a short-term Stop Loss.
However, careful trading is required as there is a possibility of a rebound by touching the C section, which is an uptrend channel.
In the wRSI_SR indicator, it can be seen that the upward divergence has occurred on the surface as the RS line deviates from the convergence section, B section.
However, for this upward divergence to lead to an actual price increase, the red width of OBV in the volume indicator must change to green and increase.
The next volatility period is around December 22.
-------------------------------------
(BTCUSDTPERP 1D Chart)
First resistance section: 62697.4-65574.9
Second resistance section: near point 74207.2
First support section: near 56942.5 point
Second support section: near the 48310.2-51187.6 point
You need to check if you can get support and rise in the second support zone.
In particular, we need to see if we can break out of the short-term downtrend line.
If it falls from the 47000 point, it could fall again near the 39677.8 point, so you need to think about how to deal with it.
In order to transition into an uptrend, the price must rise above the 53233.1 point to hold the price.
The next volatility period is around December 18th (December 17-19).
------------------------------------
(Market Cap Chart)
(All: tradingview.com/x/IsCdkMw2/)
You should see how the flow of money changes rather than changes in the price chart.
So, you should check the trend of USDT chart and USDC chart.
(If the USDT and USDC charts are in an uptrend, the coin market is expected to continue the uptrend.)
The USDT.D chart shows the same movement as section A around the week containing December 13th.
It remains to be seen whether a drop below the 2.910 point will lead to an uptrend, or a move above the 3.374 point for a short-term downtrend.
If the following phenomena do not occur, the coin market is expected to maintain an upward trend.
Prelude to a downtrend in the coin market
- BTC price drop
- BTC dominance rise
- USDT dominance rise
In that sense
BTC Dominance (BTC,D): Should rise above the 47.64-48.81 section.
USDT Dominance (USDT.D): Must rise above 3.374 point.
A phenomenon that can be seen as a change in the coin market to a downtrend
- USDT Chart: Falling below 58.376B
- USDC Chart: Falling below 23.858B
- BTC.D chart: rise above 56.78 points
- USDT.D chart: rise above 4.158 point
-------------------------------------------
(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Note
(BTCUSDT 1D Chart)First resistance section: 60383.36-63162.53
Second resistance section: near point 71500.03
First support section: near the 54825.02 point
Second support section: 46487.52-49266.69
We need to see if we can find support in the second support zone and move above the 50931.30 point.
The price needs to rise above the 50931.30 point to maintain the price to turn into a short-term uptrend.
A decline from the 45135.66 point could lead to a fall near the 38150.02 point, requiring a short-term Stop Loss.
However, it may touch the C rising channel and rebound, so you should think about how to respond.
You should see if the red width of the OBV in the volume indicator shifts to the green width.
In the CCI-RC indicator, when the CCI line crosses above the 0 point and the EMA line, a sharp movement is expected.
Note
(Market Cap Chart)(All: tradingview.com/x/KWu8Xp5f/)
You should see how the flow of money changes rather than changes in the price chart.
So, you should check the trend of USDT chart and USDC chart.
(If the USDT and USDC charts are trending upward, the coin market is expected to continue the upward trend.)
The USDT.D chart shows the same movement as section A around the week containing December 13th.
It remains to be seen whether a drop below the 2.910 point will lead to an uptrend, or a move above the 3.374 point for a short-term downtrend.
If the following phenomena do not occur, the coin market is expected to maintain an upward trend.
Prelude to a downtrend in the coin market
- BTC price drop
- BTC dominance rise
- USDT dominance rise
In that sense
BTC Dominance (BTC,D): Should rise above the 47.64-48.81 section.
USDT Dominance (USDT.D): Must rise above 3.374 point.
A phenomenon that can be seen as a change in the coin market to a downtrend
- USDT Chart: Falling below 58.376B
- USDC Chart: Falling below 23.858B
- BTC.D chart: rise above 56.78 points
- USDT.D chart: rise above 4.158 point
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