Bitcoin (BTC) - November 24
Updated
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(USDT 1D chart)
(USDC 1D chart)
It appears to have created a long tail on the USDT chart.
What the rapid flow of money tells us is that volatility is just as likely to occur.
(BTC.D 1D chart)
What the BTC dominance chart can tell you is whether funds are currently concentrated towards BTC or towards altcoins.
It is trending down along the long-term downtrend line (1).
(USDT.D 1D chart)
The decline in USDT dominance tells us that the coin market is likely to move upwards.
In this sense, the key is whether USDT dominance can fall below 7.86.
As USDT dominance declines, the HA-High line rises and crosses.
Since the HA-High line is a soaring line, it would be interesting to see if it applies to the USDT dominance chart as well.
The soaring line means that there is a high possibility of a sharp move, and resistance at the HA-High line may lead to a sharp decline.
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(BTCUSDTPERP 1D Chart)
In order to turn into an uptrend, the price must rise above the HA-Low line and above the MS-Signal indicator.
Therefore, it cannot be said that the trend has shifted to an uptrend just because one of them is satisfied.
However, if it shows support for a long period of time when either the HA-Low line or above the MS-Signal indicator is satisfied, the possibility of showing an uptrend may increase, so aggressive buying is possible.
If the condition to be satisfied is the HA-Low line, a long horizontal line must be made.
If it is an MS-Signal indicator, the MS-Signal indicator should be showing a bullish sign.
If not, virtually all of the HA-Low line or higher and the MS-Signal indicator or higher must be satisfied.
Considering the above, since the HA-Low line does not form a long horizontal line (it must form a horizontal line of at least 5 candles), it should be interpreted that the price must rise above the MS-Signal indicator to maintain a high possibility of an uptrend. do.
Since the HA-Low line is about to be created again at the 16580.6 point, it is necessary to check whether the price can be maintained until it rises at least 16580.6 and rises above the MS-Signal indicator.
(Since 16729.8 is the longest horizontal line among the HA-Low lines when viewed from the current position, it is important to maintain the price by rising above 16729.8)
A period of volatility on this chart is approaching.
Therefore, the key is whether we can create a bridgehead that can turn the MS-Signal indicator into a bullish indicator by rising to the 17K range during the volatility period around November 26th (November 25th-27th).
The next period of volatility is around November 26th.
So, we need to see if we can keep the price above 16729.8 until the volatility period.
However, the overall volatility period on the BTC.D, BTCUSDT and BTCUSDTPERP charts is November 21-29.
(1h chart)
The circled zones on the chart are important support and resistance zones.
If the price is below the M-Signal line on the 1D chart, the main position is 'SHORT'.
Therefore, a quick response is required when entering a 'LONG' position.
As the HA-Low line on the 1D chart appears to be newly created, the support and resistance points have been changed.
The key to these support and resistance points is where the 5EMA line on the 1D chart is crossing.
The reason why the 5EMA line on the 1D chart is important is that the price is located below the M-Signal line on the 1D chart.
If the price rises along the 5EMA line on the 1D chart and rises above the M-Signal line on the 1D chart to maintain the price, it can be said that the role of the 5EMA line on the 1D chart has been fulfilled.
The reason is that if the price stays above the M-Signal line on the 1D chart, that is, the MS-Signal indicator on the 1D chart, it is likely to turn into an uptrend.
More specifically, there will be times when I will talk about the relationship with the 5EMA line when the price rises above the MS-Signsl indicator and holds the price.
(In short, pull back patterns can be detected by the movement of the 5EMA line on the 1D chart and the MS-Signal indicator.)
The next most important point (zone) after the 5EMA line on the 1D chart is whether the price can maintain the 16580.6-16729.8 zone or higher by moving higher.
In the meantime, wait for the M-Signal line on the 1D chart to fall.
If it falls below the 5EMA line on the 1D chart,
1st: 15908.2
2nd: 15328.7
tertiary: 14824.3
You need to make sure it is supported nearby.
If there is no evidence of an inflow of funds into USDT or USDC, it is necessary to be cautious in trading as there will be restrictions on price rise.
Therefore, since it is highly likely to end in a short-term uptrend, it is necessary to reduce the investment portion by dividing the investment portion of the holdings rather than increasing the investment portion by additional purchase.
It is recommended that you maintain this trading strategy until you see funds flowing into USDT and USDT.
It is good to make money by trading new coins (tokens) in a short-term uptrend, but if possible, I think it is good to seek a way to lower the average purchase price by trading coins (tokens) you own.
By buying a new coin (token) with the idea of trading it and selling it as much as the amount you bought when the price rises, you increase the number of coins corresponding to your profit, thereby lowering the average purchase price of your coin (token).
The market always offers us opportunities.
Depending on how you seize this opportunity, you will either get better returns or suffer more in the future.
------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C 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.)
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT 1D chart)
(USDC 1D chart)
It appears to have created a long tail on the USDT chart.
What the rapid flow of money tells us is that volatility is just as likely to occur.
(BTC.D 1D chart)
What the BTC dominance chart can tell you is whether funds are currently concentrated towards BTC or towards altcoins.
It is trending down along the long-term downtrend line (1).
(USDT.D 1D chart)
The decline in USDT dominance tells us that the coin market is likely to move upwards.
In this sense, the key is whether USDT dominance can fall below 7.86.
As USDT dominance declines, the HA-High line rises and crosses.
Since the HA-High line is a soaring line, it would be interesting to see if it applies to the USDT dominance chart as well.
The soaring line means that there is a high possibility of a sharp move, and resistance at the HA-High line may lead to a sharp decline.
---------------------------------------
(BTCUSDTPERP 1D Chart)
In order to turn into an uptrend, the price must rise above the HA-Low line and above the MS-Signal indicator.
Therefore, it cannot be said that the trend has shifted to an uptrend just because one of them is satisfied.
However, if it shows support for a long period of time when either the HA-Low line or above the MS-Signal indicator is satisfied, the possibility of showing an uptrend may increase, so aggressive buying is possible.
If the condition to be satisfied is the HA-Low line, a long horizontal line must be made.
If it is an MS-Signal indicator, the MS-Signal indicator should be showing a bullish sign.
If not, virtually all of the HA-Low line or higher and the MS-Signal indicator or higher must be satisfied.
Considering the above, since the HA-Low line does not form a long horizontal line (it must form a horizontal line of at least 5 candles), it should be interpreted that the price must rise above the MS-Signal indicator to maintain a high possibility of an uptrend. do.
Since the HA-Low line is about to be created again at the 16580.6 point, it is necessary to check whether the price can be maintained until it rises at least 16580.6 and rises above the MS-Signal indicator.
(Since 16729.8 is the longest horizontal line among the HA-Low lines when viewed from the current position, it is important to maintain the price by rising above 16729.8)
A period of volatility on this chart is approaching.
Therefore, the key is whether we can create a bridgehead that can turn the MS-Signal indicator into a bullish indicator by rising to the 17K range during the volatility period around November 26th (November 25th-27th).
The next period of volatility is around November 26th.
So, we need to see if we can keep the price above 16729.8 until the volatility period.
However, the overall volatility period on the BTC.D, BTCUSDT and BTCUSDTPERP charts is November 21-29.
(1h chart)
The circled zones on the chart are important support and resistance zones.
If the price is below the M-Signal line on the 1D chart, the main position is 'SHORT'.
Therefore, a quick response is required when entering a 'LONG' position.
As the HA-Low line on the 1D chart appears to be newly created, the support and resistance points have been changed.
The key to these support and resistance points is where the 5EMA line on the 1D chart is crossing.
The reason why the 5EMA line on the 1D chart is important is that the price is located below the M-Signal line on the 1D chart.
If the price rises along the 5EMA line on the 1D chart and rises above the M-Signal line on the 1D chart to maintain the price, it can be said that the role of the 5EMA line on the 1D chart has been fulfilled.
The reason is that if the price stays above the M-Signal line on the 1D chart, that is, the MS-Signal indicator on the 1D chart, it is likely to turn into an uptrend.
More specifically, there will be times when I will talk about the relationship with the 5EMA line when the price rises above the MS-Signsl indicator and holds the price.
(In short, pull back patterns can be detected by the movement of the 5EMA line on the 1D chart and the MS-Signal indicator.)
The next most important point (zone) after the 5EMA line on the 1D chart is whether the price can maintain the 16580.6-16729.8 zone or higher by moving higher.
In the meantime, wait for the M-Signal line on the 1D chart to fall.
If it falls below the 5EMA line on the 1D chart,
1st: 15908.2
2nd: 15328.7
tertiary: 14824.3
You need to make sure it is supported nearby.
If there is no evidence of an inflow of funds into USDT or USDC, it is necessary to be cautious in trading as there will be restrictions on price rise.
Therefore, since it is highly likely to end in a short-term uptrend, it is necessary to reduce the investment portion by dividing the investment portion of the holdings rather than increasing the investment portion by additional purchase.
It is recommended that you maintain this trading strategy until you see funds flowing into USDT and USDT.
It is good to make money by trading new coins (tokens) in a short-term uptrend, but if possible, I think it is good to seek a way to lower the average purchase price by trading coins (tokens) you own.
By buying a new coin (token) with the idea of trading it and selling it as much as the amount you bought when the price rises, you increase the number of coins corresponding to your profit, thereby lowering the average purchase price of your coin (token).
The market always offers us opportunities.
Depending on how you seize this opportunity, you will either get better returns or suffer more in the future.
------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C 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.)
---------------------------------
Note
(DOGEBTC 1W Chart)If the price holds above the 0.0000 0242 to 0.0000 0303 range, we can say that bullish forces exist.
However, it is expected that it will be possible to rise above 0.0000 0725 in order to release the power of the rise.
(DOGEUSDT 1W Chart)
The key question is whether the price can sustain the move above 0.08750.
Note
(BTCUSDTPERP 1h chart)I started to show a movement to get out of the 16580.6-16729.8 section, which I said was the core section today.
In this case, the thing to keep an eye on is whether the MS-Signal indicator turns into a bearish sign and whether it finds support above the MS-Signal indicator or resistance below it.
Even if it falls below 16580.6, it may touch the 5EMA line on the 1D chart and rise, so it is better to check the flow a little more.
The rest of the movement remains as stated in the broadcast.
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