Bitcoin - significant volatility period (around December 11-18)
Updated
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It is rising while touching the uptrend line (2) and between 17422.0-18280.5.
It remains to be seen if it can rise above the 18751.0 point, ascending along the uptrend line (2) around December 11-14.
If it declines at 17422.0, a Stop Loss is required to preserve profit and loss.
However, in order to turn to a downtrend, we believe that it must fall below the 15979.0 point, so careful trading is necessary.
If it falls from the uptrend line (1), it is showing support at the uptrend line (2).
If so, if you go down at the uptrend line (2), you're expected to get support at the uptrend line (3) below it.
If what I said would rise above the 2009 3.0 point is not correct, I expect to touch the uptrend line (3) and 15979.0 point around December 27th.
I think the upcoming movement around December 11th-18th is important. (Section B)
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(BTC Dominance 1D Chart)
The downtrend lines (1) and (4) are downtrend lines that have been around since a long time ago.
So, the reliability can drop that much.
However, the downtrend lines (1) and (4) are trend lines that started at the same point and ended in a recent wave movement.
After rising from the 56.74-58.02, which was thought to be important, there is movement in the 63.38-67.44 section.
(1M Chart: tradingview.com/x/fMsA454A/)
It is hard to see because of the cluttered lines, but you can see that the section is located about the middle of the overall chart.
Therefore, I think that 63.38-67.44 is at the boundary between bullish and bearish.
In addition, we believe that the bullish market, where all coins rise, should fall to 56.74-58.02 or below.
We'll see if we can get resistance at the uptrend line (5) and move down and move below the 63.38 point.
You also need to see if you are getting resistance by falling below the newly drawn downtrend line (4).
It falls to the 61.20-62.12 range, and we have to see if it will orient the next coin market.
Since I have already touched the 61.20-62.12 section and climbed, the direction may have been decided, but I said again because I think we need to check the volatility around December 15th.
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(USDT Dominance 1D Chart)
There was a movement out of the 3.285-3.596 section.
Also, it is falling after attempting to break above the downtrend line (1).
We'll see if we can get resistance at the downtrend line (1) by around December 5th and move below the 3.596 point.
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** 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.
-------------------------------------------------- -----
It is rising while touching the uptrend line (2) and between 17422.0-18280.5.
It remains to be seen if it can rise above the 18751.0 point, ascending along the uptrend line (2) around December 11-14.
If it declines at 17422.0, a Stop Loss is required to preserve profit and loss.
However, in order to turn to a downtrend, we believe that it must fall below the 15979.0 point, so careful trading is necessary.
If it falls from the uptrend line (1), it is showing support at the uptrend line (2).
If so, if you go down at the uptrend line (2), you're expected to get support at the uptrend line (3) below it.
If what I said would rise above the 2009 3.0 point is not correct, I expect to touch the uptrend line (3) and 15979.0 point around December 27th.
I think the upcoming movement around December 11th-18th is important. (Section B)
-----------------------------------------------
(BTC Dominance 1D Chart)
The downtrend lines (1) and (4) are downtrend lines that have been around since a long time ago.
So, the reliability can drop that much.
However, the downtrend lines (1) and (4) are trend lines that started at the same point and ended in a recent wave movement.
After rising from the 56.74-58.02, which was thought to be important, there is movement in the 63.38-67.44 section.
(1M Chart: tradingview.com/x/fMsA454A/)
It is hard to see because of the cluttered lines, but you can see that the section is located about the middle of the overall chart.
Therefore, I think that 63.38-67.44 is at the boundary between bullish and bearish.
In addition, we believe that the bullish market, where all coins rise, should fall to 56.74-58.02 or below.
We'll see if we can get resistance at the uptrend line (5) and move down and move below the 63.38 point.
You also need to see if you are getting resistance by falling below the newly drawn downtrend line (4).
It falls to the 61.20-62.12 range, and we have to see if it will orient the next coin market.
Since I have already touched the 61.20-62.12 section and climbed, the direction may have been decided, but I said again because I think we need to check the volatility around December 15th.
----------------------------------------------
(USDT Dominance 1D Chart)
There was a movement out of the 3.285-3.596 section.
Also, it is falling after attempting to break above the downtrend line (1).
We'll see if we can get resistance at the downtrend line (1) by around December 5th and move below the 3.596 point.
-------------------------------------------------- -------------------------------------------
** 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
(CME Bitcoin (BTC1!) 1D chart)It started with an increase in the gap (18420.0-18630.0).
It remains to be seen if it can rise along the uptrend line (1) between December 10th and 18th.
It must fall below the 16845.0 point for the trend to change.
Note
(XBTUSD 1h chart)-Short term strategy
The old short-term strategy is in effect, so keep the old short-term strategy.
It remains to be seen if it can break above the downtrend line (6) around December 9-11 as shown in the chart.
(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 uptrend line (1), it is 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.
(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
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