Bitcoin (with 1D chart explanation) - November 19
Updated
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(1D chart)
You should watch for any movement that deviates from 17422.0-18280.5.
If it falls below the 17422.0 point, it is a short-term Stop Loss.
I expected a'Pull Back' pattern to emerge, but it is on the rise.
We have to see if we can keep the price between 17422.0-18280.5 by around November 23rd.
I think this is the time to see the reaction of altcoins.
If BTC dominance rises above 67.44 points, it is expected that among altcoins, coins that renew their lowest point this year will be created.
(1h chart)-short-term strategy
We check the movement in the 17422.0-18280.5 section, and since the 17422.0 point is Stop Loss, we will post a short-term strategy for this.
(LONG)
1. Entry point: When exceeding 18280.5 point
Target point: 19287.5 points or higher
Stop Loss: 17422.0 point
(However, it is recommended to enter the flow after the time indicated on the chart.
Also, if it falls without breaking above the uptrend line (5), it is Stop Loss.)
2. Entry point: When touching the 16290.0-16730.0 section and breaking above the 16730.0 point
Target point: 17422.0 points or higher, 2nd 18280.5 points or higher
Stop Loss: 16290.0 point
(However, if it falls without breaking above each uptrend line (1), (2), (5), it is Stop Loss.
You're entering a rebound on a downturn, so you need to watch the price movement.)
(SHORT)
Entry point: When breaking down from 17422.0 point
Target point: 1st 16730.0 point or less, 2nd 16323.5 point or less
Stop Loss: 17654.0 point
(However, if it rises without breaking below the upward trend lines (1) and (3), it is a Stop Loss.
If it falls below the uptrend line (4), the short-term uptrend channel is broken.)
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(BTC Dominance 1D Chart)
It is rising to near the 67.44 point
We must see if it breaks above 67.44.
To expect the altcoin price to rise, BTC dominance should decline.
--------------------------------------------
(USDT Dominance 1D Chart)
If USDT dominance declines, it is expected that funds are being used or withdrawn to buy coins in the coin market.
However, as USDT continues to increase, it appears to be used to buy coins.
(USDT 1D chart)
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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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
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.
-------------------------------------------------- -----
(1D chart)
You should watch for any movement that deviates from 17422.0-18280.5.
If it falls below the 17422.0 point, it is a short-term Stop Loss.
I expected a'Pull Back' pattern to emerge, but it is on the rise.
We have to see if we can keep the price between 17422.0-18280.5 by around November 23rd.
I think this is the time to see the reaction of altcoins.
If BTC dominance rises above 67.44 points, it is expected that among altcoins, coins that renew their lowest point this year will be created.
(1h chart)-short-term strategy
We check the movement in the 17422.0-18280.5 section, and since the 17422.0 point is Stop Loss, we will post a short-term strategy for this.
(LONG)
1. Entry point: When exceeding 18280.5 point
Target point: 19287.5 points or higher
Stop Loss: 17422.0 point
(However, it is recommended to enter the flow after the time indicated on the chart.
Also, if it falls without breaking above the uptrend line (5), it is Stop Loss.)
2. Entry point: When touching the 16290.0-16730.0 section and breaking above the 16730.0 point
Target point: 17422.0 points or higher, 2nd 18280.5 points or higher
Stop Loss: 16290.0 point
(However, if it falls without breaking above each uptrend line (1), (2), (5), it is Stop Loss.
You're entering a rebound on a downturn, so you need to watch the price movement.)
(SHORT)
Entry point: When breaking down from 17422.0 point
Target point: 1st 16730.0 point or less, 2nd 16323.5 point or less
Stop Loss: 17654.0 point
(However, if it rises without breaking below the upward trend lines (1) and (3), it is a Stop Loss.
If it falls below the uptrend line (4), the short-term uptrend channel is broken.)
------------------------------------------
(BTC Dominance 1D Chart)
It is rising to near the 67.44 point
We must see if it breaks above 67.44.
To expect the altcoin price to rise, BTC dominance should decline.
--------------------------------------------
(USDT Dominance 1D Chart)
If USDT dominance declines, it is expected that funds are being used or withdrawn to buy coins in the coin market.
However, as USDT continues to increase, it appears to be used to buy coins.
(USDT 1D chart)
-------------------------------------------------- -------------------------------------------
** 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
Note
(OKEX BTCUSDTPERP 1h chart)-Short term strategyYou should watch for any movement that deviates from 17273.6-17879.8.
If it falls below the 17140.1 point, it is a short-term Stop Loss.
We have published a short-term strategy that includes the above points.
(LONG)
1. Entry point: When the 17879.8 point is exceeded
Target point: 18296.0 point or higher
Stop Loss: 17589.5 point
(However, if it falls without breaking above the upward trend line (2), it is a Stop Loss.)
2. Entry point: When touching 16809.8 or less and breaking above 16809.8
Target point: 17273.6 points or higher, 2nd 17589.5 points or higher
Stop Loss: 16689.9 points
(However, if it falls without breaking above the uptrend line (1), it is Stop Loss.
This is a strategy for a rebound against a decline, so you need to check the flow of the chart.)
(SHORT)
Entry point: When breaking below point 17140.1
Target point: 16689.9 points or less
Stop Loss: 17305.2 point
(However, if it rises without falling below the uptrend line (1) or 16809.8 point, it is Stop Loss.)
Note
(CME Bitcoin (BTC1!) 1D chart)
It started with a rise in the gap (17685.0-17905.0).
You should watch for any movement outside the 17465.0-18090.0 range.
If it falls from the uptrend line (6), it is a short-term Stop Loss.
Note
(BAKKT Bitcoin (BTM1!) 1D chart)
It started with a rise in the gap (17620.0-17680.0).
We need to see if it can rise along the uptrend line (7).
You should watch for any movement that deviates from the 17567.5-18220.5 section.
If it falls at 17567.5, it is a short-term Stop Loss.
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