Bitcoin (BTC, including short-term strategy) - December 7
Updated
Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
You need to see if you are getting support above the 19287.5 point, breaking off the short-term downtrend line.
If it falls from 18751.0, it is a short-term stop loss.
In the wRSI_SR indicator, when the RS line declines in section A, a down arrow is displayed.
However, the color was shown as a green, rising sign.
Then, when the RS line rises, a rising arrow is displayed, and the color is also shown as a rising indicator in green.
This indicates that the wRSI_SR indicator is moving differently from the price movement.
You can see that short-term bullish divergence has occurred.
I think it is worth comparing with the future trend.
The wRSI_SR metric is the same metric as Stochastic RSI.
RS line is the same line as K and D provided by Stochastic RSI.
The wRSI_SR indicator is the same indicator as Stochastic RSI, and is used to identify short-term trends.
RS line is the same line as K and D provided by Stochastic RSI.
The CCI-RC indicator is the same indicator as the CCI indicator, and is used to identify a longer flow than the wRSI_SR indicator.
In order to quickly grasp what can be intuitively known by using the indicator, you must spend a lot of time observing the indicator.
---------------------------------------------
(BTC Dominance 1D Chart)
We'll see if we can get resistance at the uptrend line (5) and move below the 63.38 point.
------------------------------------------------
(USDT Dominance 1D Chart)
You should watch for any movement that deviates from 3.285-3.596.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
You need to see if you are getting support above the 19287.5 point, breaking off the short-term downtrend line.
If it falls from 18751.0, it is a short-term stop loss.
In the wRSI_SR indicator, when the RS line declines in section A, a down arrow is displayed.
However, the color was shown as a green, rising sign.
Then, when the RS line rises, a rising arrow is displayed, and the color is also shown as a rising indicator in green.
This indicates that the wRSI_SR indicator is moving differently from the price movement.
You can see that short-term bullish divergence has occurred.
I think it is worth comparing with the future trend.
The wRSI_SR metric is the same metric as Stochastic RSI.
RS line is the same line as K and D provided by Stochastic RSI.
The wRSI_SR indicator is the same indicator as Stochastic RSI, and is used to identify short-term trends.
RS line is the same line as K and D provided by Stochastic RSI.
The CCI-RC indicator is the same indicator as the CCI indicator, and is used to identify a longer flow than the wRSI_SR indicator.
In order to quickly grasp what can be intuitively known by using the indicator, you must spend a lot of time observing the indicator.
---------------------------------------------
(BTC Dominance 1D Chart)
We'll see if we can get resistance at the uptrend line (5) and move below the 63.38 point.
------------------------------------------------
(USDT Dominance 1D Chart)
You should watch for any movement that deviates from 3.285-3.596.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Note
(XBTUSD 1h chart)-Short term strategy
The old short-term strategy is in effect, so keep the old short-term strategy.
After the time indicated on the chart, you should check for any movement that deviates from the 18327.5-18492.0 section-19149.5-19314.0 section.
(LONG)
1. Entry point: When breaking above the 19314.0 point
Target point: 1st 19807.5 or higher, 2nd 20093.0 or higher
Stop Loss: 19149.5 point
(However, if it falls without breaking above the upward trend line (1), it is a Stop Loss.)
2. Entry point: When breaking above the 18492.0 point
Target point: 18821.0 point or higher
Stop Loss: 18327.5 point
(However, if it falls without breaking above the 18751.0 point, it is a Stop Loss.)
(SHORT)
1. Entry point: When breaking below 18327.5 point
Target point: 17834.0 point or less
Stop Loss: 18492.0 point
(However, if it rises without breaking below 18195.0, it is Stop Loss.)
2. Entry point: When breaking down from 19149.5 point
Target point: 18821.0 point or less
Stop Loss: 19314.0 point
(However, if it rises without breaking below the 18962.0 point, it is a Stop Loss.)
Note
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
The old short-term strategy is in effect, so keep the old short-term strategy.
After the time indicated on the chart, you should check if there is any movement that deviates from the 18296.0-18461.1 section-19121.7-19286.8 section.
(LONG)
1.Entry point: When it exceeds 19286.8 point
Target point: 19698.6 point or higher
Stop Loss: 19121.7 point
2. Entry point: When breaking above the 18461.1 point
Target point: 1st 18791.4 point or higher, 2nd 19056.4 point or higher
Stop Loss: 18296.0 point
(SHORT)
Entry point: When breaking below 18296.0 point
Target point: 17879.8 point or less
Stop Loss: 18461.1 point
Note
(CME Bitcoin (BTC1!) 1D chart)It started with an increase in the gap (19100.0-19205.0).
You should watch for any movement that deviates from the 18850.0-19965.0 range.
If it falls at 18850.0, it is a short-term stop loss.
You can touch the 18090.0-18850.0 section and the uptrend line (1) around Oct-18 in December, so you need to trade carefully.
Unlike other exchange charts, it appears to be continuing the upward trend.
Therefore, it is expected to rise above the 19965.0 point around December 10th-18th.
However, you need to judge the situation according to the chart flow.
Note
(BAKKT Bitcoin (BTM1!) 1D chart)It started with an increase in the gap (18917.5-19447.5).
It remains to be seen if it can rise above the 0.0 point of 2018 in Saiing around December 4-17.
You can touch the uptrend line (1) and between 17567.5-18220.5, so trade carefully.
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.