Bitcoin (BTC, including short-term strategy) - December 5
Updated
Hello?
Dear traders, nice to meet you.
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We need to make sure we can get support at point 18751.0.
If you fall from 18751.0, you can touch the 17422.0-18280.5 range, so this is a short stop loss.
It remains to be seen if it can rise above the 19287.5 point to gain support and rise above the 20093.0 point around December 11th.
It must fall below the 15979.0 point in order to turn the trend.
In order to get a lot of profits, you have to sell during a surge.
Otherwise, if you sell when it falls, you may not be able to get the right selling point.
To prevent this, you should place a pre-order with Stop Loss.
The Stop Loss point I am talking about is announced in different expressions depending on the situation.
Short-term Stop Loss refers to the point where you can sell and buy together with the Stop Loss set for short-term trading.
The current short-term stop loss point is named as a stop loss when falling to the 18751.0 point, and an accessible point when a break above the 18751.0 point.
If it is supported at 18195.0, it is a possible entry point, and if it falls, it is a point where Stop Loss is required to preserve profit and loss.
This is the Stop Loss point you set as there is a possibility of further decline.
So, if you go down at this point, there is a possibility of a plunge, so it's a point that requires careful trading.
Also, if you get support at this point, there is a chance of a surge, and that's a point that could lead to an upward trend.
These settings may not suit others with my trading style.
What I just want to tell you is that this planned trading must be carried out to ensure more stable trading.
therefore,
1. Before buying, you need to establish an overall trading scenario.
2. You should organize your thoughts on whether to proceed with short-term trading and reset the stop loss point that can change within the overall trading scenario according to price changes, and check the flow.
The preset Stop Loss point before a surge or plunge occurs is often a better fit than deciding when a surge or plunge occurs.
Accordingly, it is necessary to avoid double losses by selling at the moment of a surge or a plunge.
However, it is a good thing and the right choice to realize profits for the sake of a surge.
3. All trading must be done in installments.
If complete liquidation is done at once, it is quite difficult to re-enter, often incorrectly, and the loss will also increase.
Also, you must not repurchase beyond the point where you sold.
If you sell in installments and then buy higher than the point where you sold it, it makes no sense to sell and you are very likely to suffer double losses.
4. You should always have some extra money on hand.
If you have used all of your funds to buy, you must sell some of them after an uptrend to get some extra money.
This is very important when trading.
In order to get a lot of profit, you usually invest all your money to buy.
However, if you don't respond when the plunge comes out, you can suffer huge losses.
Free funds are always available.
When trading, I think it gives you a little more freedom from psychological pressure, and you can trade when you see a good opportunity, so you have more chances to make a profit.
-------------------------------------------
(BTC Dominance 1D Chart)
We have to see if we can get resistance at the uptrend line (5).
---------------------------------------------
(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 do not trade 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.
-------------------------------------------------- -----
We need to make sure we can get support at point 18751.0.
If you fall from 18751.0, you can touch the 17422.0-18280.5 range, so this is a short stop loss.
It remains to be seen if it can rise above the 19287.5 point to gain support and rise above the 20093.0 point around December 11th.
It must fall below the 15979.0 point in order to turn the trend.
In order to get a lot of profits, you have to sell during a surge.
Otherwise, if you sell when it falls, you may not be able to get the right selling point.
To prevent this, you should place a pre-order with Stop Loss.
The Stop Loss point I am talking about is announced in different expressions depending on the situation.
Short-term Stop Loss refers to the point where you can sell and buy together with the Stop Loss set for short-term trading.
The current short-term stop loss point is named as a stop loss when falling to the 18751.0 point, and an accessible point when a break above the 18751.0 point.
If it is supported at 18195.0, it is a possible entry point, and if it falls, it is a point where Stop Loss is required to preserve profit and loss.
This is the Stop Loss point you set as there is a possibility of further decline.
So, if you go down at this point, there is a possibility of a plunge, so it's a point that requires careful trading.
Also, if you get support at this point, there is a chance of a surge, and that's a point that could lead to an upward trend.
These settings may not suit others with my trading style.
What I just want to tell you is that this planned trading must be carried out to ensure more stable trading.
therefore,
1. Before buying, you need to establish an overall trading scenario.
2. You should organize your thoughts on whether to proceed with short-term trading and reset the stop loss point that can change within the overall trading scenario according to price changes, and check the flow.
The preset Stop Loss point before a surge or plunge occurs is often a better fit than deciding when a surge or plunge occurs.
Accordingly, it is necessary to avoid double losses by selling at the moment of a surge or a plunge.
However, it is a good thing and the right choice to realize profits for the sake of a surge.
3. All trading must be done in installments.
If complete liquidation is done at once, it is quite difficult to re-enter, often incorrectly, and the loss will also increase.
Also, you must not repurchase beyond the point where you sold.
If you sell in installments and then buy higher than the point where you sold it, it makes no sense to sell and you are very likely to suffer double losses.
4. You should always have some extra money on hand.
If you have used all of your funds to buy, you must sell some of them after an uptrend to get some extra money.
This is very important when trading.
In order to get a lot of profit, you usually invest all your money to buy.
However, if you don't respond when the plunge comes out, you can suffer huge losses.
Free funds are always available.
When trading, I think it gives you a little more freedom from psychological pressure, and you can trade when you see a good opportunity, so you have more chances to make a profit.
-------------------------------------------
(BTC Dominance 1D Chart)
We have to see if we can get resistance at the uptrend line (5).
---------------------------------------------
(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 do not trade 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.
However, you should check if volatility can deviate from Sideways after the time indicated on the chart.
The periods where rapid volatility can occur are 18237.5-18492.0 and 19149.5-19314.0.
So, to stop your fear of falling, you need to make sure you can Sideways near the 18821.0 point.
(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.
If you enter any position you enter, you should keep checking the situation.
You're at a point where volatility can occur, so sudden movement can occur.
(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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