Bitcoin (BTC, including short term strategy) - December 22
Updated
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Touching below 2261.5 point and rising above 22925.0 point.
We need to see if it can rise along the uptrend line (1).
Among the contents explained yesterday, we corrected the volatility around December 21, not the volatility around December 23.
I was talking about the point where the uptrend line (1) intersects the point of 22925.0, but I have guided you on a strange date.
The next volatility period is around December 27th.
The baseline fluctuation range for this volatility period is from 20093.0-24252.5.
I think it can be divided into a flow that continues the existing upward trend and a flow that changes the upward trend.
Accordingly, it is necessary to check the movement around December 21st-27th.
If the price is maintained above the 22925.0 point, it is expected to continue the existing upward trend.
If it falls at 22261.5, I think it is likely to change the uptrend and rise along the uptrend line (2).
I think there will be talk of this being a'Pull Back' pattern or a turnaround in a downtrend.
Either pattern or trend is unknown until time passes and the wave is complete.
However, if it does not rise above 22261.5 after falling from 22261.5, I think it is correct to see it as a downward trend.
The criterion for this was divided into whether it can rise along the upward trend line (2).
Starting with a talk of a downturn, it can feel like it's going to turn into a downtrend.
However, the current trend is clearly moving sideways in the sideways section.
We are using a different Fibonacci retracement ratio from other analysts.
This is not to look at the strength of the trend, but to look at the sideways section.
Accordingly, if it is supported in the 22261.5-22925.0 section, the sideways section is 22925.0-25579.5.
This sideways section was divided into the lower sideways section and the upper sideways section.
Accordingly, the point of separation is the 24252.5 point.
Since the sideways wave has not been completed, we need to watch the situation a little more.
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(BTC Dominance 1D Chart)
You need to make sure you can get resistance at point 67.44.
If the flow shifts due to a fall in BTC price and an increase in BTC dominance, it is expected that a plunge will eventually occur.
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(USDT Dominance 1D Chart)
We need to see if we can move down along the downtrend line.
It remains to be seen if there is any movement outside the downtrend line (6)-(2) between December 24-27.
If it rises above the 3.285-3.374 section, I think it is highly likely that the BTC price will shift from sideways to downtrend.
However, you need to trade carefully as you can touch the downtrend line (1) and go down.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** 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.
-------------------------------------------------- -----
Touching below 2261.5 point and rising above 22925.0 point.
We need to see if it can rise along the uptrend line (1).
Among the contents explained yesterday, we corrected the volatility around December 21, not the volatility around December 23.
I was talking about the point where the uptrend line (1) intersects the point of 22925.0, but I have guided you on a strange date.
The next volatility period is around December 27th.
The baseline fluctuation range for this volatility period is from 20093.0-24252.5.
I think it can be divided into a flow that continues the existing upward trend and a flow that changes the upward trend.
Accordingly, it is necessary to check the movement around December 21st-27th.
If the price is maintained above the 22925.0 point, it is expected to continue the existing upward trend.
If it falls at 22261.5, I think it is likely to change the uptrend and rise along the uptrend line (2).
I think there will be talk of this being a'Pull Back' pattern or a turnaround in a downtrend.
Either pattern or trend is unknown until time passes and the wave is complete.
However, if it does not rise above 22261.5 after falling from 22261.5, I think it is correct to see it as a downward trend.
The criterion for this was divided into whether it can rise along the upward trend line (2).
Starting with a talk of a downturn, it can feel like it's going to turn into a downtrend.
However, the current trend is clearly moving sideways in the sideways section.
We are using a different Fibonacci retracement ratio from other analysts.
This is not to look at the strength of the trend, but to look at the sideways section.
Accordingly, if it is supported in the 22261.5-22925.0 section, the sideways section is 22925.0-25579.5.
This sideways section was divided into the lower sideways section and the upper sideways section.
Accordingly, the point of separation is the 24252.5 point.
Since the sideways wave has not been completed, we need to watch the situation a little more.
-----------------------------------------------
(BTC Dominance 1D Chart)
You need to make sure you can get resistance at point 67.44.
If the flow shifts due to a fall in BTC price and an increase in BTC dominance, it is expected that a plunge will eventually occur.
------------------------------------------------
(USDT Dominance 1D Chart)
We need to see if we can move down along the downtrend line.
It remains to be seen if there is any movement outside the downtrend line (6)-(2) between December 24-27.
If it rises above the 3.285-3.374 section, I think it is highly likely that the BTC price will shift from sideways to downtrend.
However, you need to trade carefully as you can touch the downtrend line (1) and go down.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** 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
Keep the old short-term strategy.
We'll have to see if we can get support from the 21934.0-22261.5 segment and climb to 23816.5-24252.5.
(LONG)
1. Entry point: When exceeding 22261.5 point
Target point: 1st 22925.0 or higher, 2nd 23816.5 or higher
Stop Loss: 21934.0 point
(However, if it falls without breaking above the uptrend line, it is Stop Loss.)
2. Entry point: When exceeding 24085.0 point
Target point: 24623.0 point or higher
Stop Loss: 23816.5 point
(However, if it falls without breaking above the 24252.5 point, it is a Stop Loss.)
(SHORT)
1. Entry point: When breaking below the 21934.0 point
Target point: 1st 21396.0 point or less, 2nd 20858.0 point or less
Stop Loss: 22203.0 point
2. Entry point: When breaking down from 23816.5 point
Target point: 23009.5 points or less
Stop Loss: 24085.0 point
(However, if it rises without breaking below the uptrend line, it is Stop Loss.)
Note
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
Keep the old short-term strategy.
It is moving sideways in the section 22830.1-22997.6.
You must watch for movements that deviate from the 21919.1-22188.7 and 23806.5-24076.1 segments.
(LONG)
1. Entry point: When breaking above the 22188.7 point
Target point: 1st 22830.1 point or higher, 2nd 23806.5 point or higher
Stop Loss: 21919.1 point
(However, if it falls without breaking above the uptrend line, it is Stop Loss.)
2. Entry point: When exceeding 24076.1 point
Target point: 24548.7 point or higher
Stop Loss: 23806.5 points
(SHORT)
1. Entry point: When breaking down from the 21919.1 point
Target point: 1st 21517.4 point or less, 2nd 20840.5 point or less
Stop Loss: 22188.7 point
2. Entry point: When breaking down from 23806.5 point
Target point: 23336.2 points or less
Stop Loss: 24076.1 point
Note
(CME Bitcoin (BTC1!) 1D chart)It started with an increase in the gap (22880.0-23565.0).
We need to see if it can rise along the uptrend line (2).
The volatility around December 24th should be watched to see if there is any movement outside the 22465.0-24965.0 range.
Note
(XBTUSD 1h chart)You should see if you can ascend along the ascent channel (A).
You need to see if you can rise above 23009.5 points for support.
You should check the flow after the time indicated on the chart.
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