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Bitcoin (including BTC, short-term strategy) - December 29Hello? 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 should watch for any movement that deviates from the 26243.0-30224.0 section. If it falls at 25579.5, it is a short-term stop loss. We need a strategy to prepare for this trend, as it is likely to gain support and rise in the 21800.0-24350.5 range. Touch the uptrend lines (6) and (1) and be aware of the volatility that occurs. It is at a price point where it will be so high that it won't be weird anytime the BTC price drops. Therefore, a response plan for the plunge must be in place. As the USDT dominance touched the 2.754 point on December 27th, it seems that altcoins' price movements have become active. Therefore, I think the likelihood that altcoins will be on the uptrend in January has increased. If you always watch the USDT Dominus chart together and trade, I think you will get a lot of help. -------------------------------------------- (BTC Dominance 1D Chart) You should watch for any movement that deviates from the 69.80-75.13 segment. You also need to see if you can drop below the 67.44 point. We believe that the plunge in XRP, which has a high market cap ranking, contributed to the rise in BTC dominance. Therefore, it seems that BTC dominance should only check the flow of decline and rise. (XRP Dominance 1W Chart) It is expected to break below the 1.38 point for the first time after breaking above the 1.38 point in March 2017. ------------------------------------------------- (USDT Dominance 1D Chart) As you move down along the downtrend line (6), you need to make sure it touches the 2.754 point. If it does not rise above the downtrend line (2) or the 3.285 point, the downtrend is expected to continue. We believe that the USDT dominance should fall so that the coin market is likely to be on an uptrend. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** 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 transactions. It is 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)
BITMEX:BTCUSD.P
by readCrypto
2
Bitcoin (BTC, including short term strategy) - December 28Hello? 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 see if we can get support at the 25579.5-26243.0 section and move up along the uptrend line. If it falls at 25579.5, it is a short-term Stop Loss. If it falls from the 24252.5 point, you need a Stop Loss to preserve profit or loss. However, since you can gain support and climb in the 21800.0-24350.5 section, you need to think about how to proceed with Stop Loss. ----------------------------------------------- (BTC Dominance 1D Chart) You should watch for any movement that deviates from the 69.80-75.13 segment. You also need to see if you can drop below the 67.44 point. -------------------------------------------------- - (USDT Dominance 1D Chart) We'll see if we can get resistance at the 2.970 point and see if it can go down. By falling below the 2.842 point, the altcoin price is expected to rise. However, it is still unclear whether that price increase can continue. The next volatility period is around January 1-10. In particular, be aware of the volatility around January 1st (December 31st-January 2nd) and January 10th (January 9th-11th). -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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)
BITMEX:BTCUSD.P
by readCrypto
5
Bitcoin (including BTC, short-term strategy) - December 27Hello? 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 see if we can get support and climb in the 25579.5-26243.0 range. If it falls at 25579.5, it is a short-term Stop Loss. If it falls from the 24252.5 point, you need a Stop Loss to preserve profit or loss. However, it may decline to the 21800.0-24350.5 range and then rise, so careful trading is necessary. Unpredictable market conditions continue day after day. In this situation, I think it is better to continue trading with the existing coins rather than increasing new investments. However, there is little trading that can be done because altcoins' movement is slow and fluctuations are small. I think it's a good idea to stop trading for a while if there is movement within the range of support and resistance you have set. If you want to make a new investment in BTC, you also need to be careful. I don't think it is a good idea to invest in the spot market in such a market situation (the market situation where only BTC prices rise significantly). This is because it is located at a significant peak, so every time a price adjustment is made, there is a high likelihood of a stop loss. Therefore, I think it is better to use the Perpetual market or Futures market, which are derivatives. This is a product that can be invested both when it rises and when it falls, so it is located in the peak section, and I think it is worth challenging in the current market situation. If the leverage is 1x, you can trade in an environment similar to the existing spot market. However, you should first study how to invest in derivatives. -------------------------------------------------- - (BTC Dominance 1W Chart) BTC dominance is rising to near 72.54 for the first time since September 2019 Altcoins are showing a significantly lower price increase compared to the BTC price increase. Only some of the altcoins are recording cyclically pumping increases. I don't think it is a normal market situation. -------------------------------------------------- ---- (USDT Dominance 1D Chart) We have to see if we can get below the 2.970 point. You will also need to watch for possible movements that deviate from 2.754-3.374. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (including BTC, short term strategy) - December 25Hello? 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. -------------------------------------------------- ----- With support at 22925.0, it remains to be seen if it can climb along the uptrend line (1). It remains to be seen if the volatility around December 27 could rise above the 24252.5 point. If it falls at the 22261.5 point, a Stop Loss is needed to preserve profit and loss. However, it is possible to temporarily touch and climb the 24273.5-21422.5 section, so careful trading is necessary. If you climb above the 24252.5 point and get support, you can expect a move to ascend to the 25579.5-26253.0 section. ----------------------------------------------- (BTC Dominance 1D Chart) We have to see if we can go down towards the 67.44 point. ------------------------------------------------ (USDT Dominance 1D Chart) We need to see if the volatility between December 24th and 27th will cause any movement to deviate from the 2.970-3.374 range. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (BTC) - December 25Hello? 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 have to see if we can get support at 23502.86 and move above the 23800.0 point along the uptrend line (6). If it declines at 21632.57, a Stop Loss is required to preserve profit and loss. Last volatility day around December 24th. Therefore, careful trading is necessary. The next volatility period is from December 29 to January 4. In the wRSI_SR indicator, the RS line has entered the oversold section. It seems that they did a good job defending the price in a short-term downtrend. You need to close the short-term downtrend well and see if you can turn to the short-term uptrend. -------------------------------------------------- - (OKEX BTCUSDT 1D chart) We have to see if we can get support at 23296.8 and rise above 23819.3. You also need to see if you can climb along the uptrend line (5). If it falls at the 21482.1 point, a Stop Loss is needed to preserve profit and loss. The volatility around December 27th (December 26th-28th) will keep an eye out for any movement that deviates from the 22087.0-24506.6 range. -------------------------------------------------- ----- (Coinbase BTCUSD 1D chart) We'll have support at 23474.30 and see if it can move above 23776.94 along the uptrend line (5). If it falls at 21612.58, you need Stop Loss to preserve your profit and loss. ----------------------------------------------- (BTC Dominance 1D Chart) We have to see if we can go down towards the 67.44 point. ------------------------------------------------ (USDT Dominance 1D Chart) We need to see if the volatility between December 24th and 27th will cause any movement to deviate from the 2.970-3.374 range. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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)
by readCrypto
Bitcoin (BTC, including short-term strategy) - December 24Good morning? 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 remains to be seen if it can rise along the uptrend line (1) between around December 27th. You also need to see if you can get support and climb in the 22261.5-22925.0 range. If it falls at 22261.5, it is a Stop Loss to preserve profit and loss. However, you need to trade carefully as you can temporarily touch the 21273.5-21422.5 section and move up. To rise higher, there is a temporary downturn. Conversely, there may be a momentary upward trend in order to fall. The choice of whether to rise while maintaining the uptrend line (1), or change to the uptrend line (2) to increase, is expected to show some degree of volatility around December 27th. I think the price of altcoins in the current coin market is showing a significant decline as bad news overlaps during the volatility period. I think that the coin market is stagnating due to the plunge in XRP, which has a high market cap. Currently, short-term trading of these XRP coins continues. (XRPUSD 1D chart) Once supported in the range 0.20121-0.23264, the coin market is expected to show a stable sideways trend. However, I'm expecting to hit the 0.17407 point at the maximum. If you subtract the flow of XRP and look at the BTC price chart, you can see that it is just moving sideways, and the price change is not that big. It can be said that the news of XRP has further weakened investments in altcoins. While the current fall in altcoin prices can cost those who hold it, it will provide a great opportunity for those who are waiting to buy. -------------------------------------------------- ---- (BTC Dominance 1D Chart) Having risen above 67.44 points, the prices of altcoins have mostly returned to their original position. Unlike August-September 2019, in August-September 2020, BTC dominance is declining. We don't know how these waves will affect the future. However, the waves will continue to come out, and we can only roughly predict the motion that follows. I think it is moving faster in December, which ends 2020. We don't know if BTC dominance will face resistance between 69.80 and 72.54, or 69.80, but if you look at the movement roughly, BTC dominance is expected to decline. I think BTC dominance is correlated with the price change of altcoins. Altcoin's season is expected to begin again. -------------------------------------------------- - (USDT Dominance 1D Chart) I think it is necessary to understand the movement of funds in order to understand the overall flow of the market. As a private trader, I think you should look at the USDT dominance chart to see even the slightest movement of your funds. If the movement of the current coin market looks precarious, I think you are talking about the coin chart that is moving sideways from the highs. There has always been a sideways section, and the sideways section will come out again in the future. I think the USDT Dominance Chart will give you an idea of ​​the future direction when the coin market is on the sideways. Looking at the current USDT dominance chart, there is a downtrend going on. This downward trend can predict that funds are flowing into the coin market. Thus, you can see that the funds are being used to buy coins. It occurred due to a gap increase on August 31, 2020, and is currently located within the 2.726-3.596 gap. If USDT dominance is below the 3.596 point by the end of this year, further declines are expected. For a more stable movement, I think it's better to get resistance at the uptrend line (6) or at 3.285-3.374. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (BTC, including short term strategy) - December 23Hello? 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. -------------------------------------------------- ----- The coin market is showing a new trend with the volatility generated by touching the uptrend line (1). It is said that BTC dominance has risen by more than 67.44 points, creating an environment in which a plunge can occur at any time. Therefore, I think it is necessary to prepare a device that can be prepared in case by setting Stop Loss at a point where one can endure. All trading must be done in installments. I think that if there is no preparation for the downturn, you will always trade in an anxious mental state. Therefore, you must think about the target price and stop loss point before entering. These target prices and Stop Loss points can be set at a price that you can withstand. If you set this up, you will set it according to the flow of the chart later. The XBTUSD chart shows that a rise above 24252.5 points must be supported to hold expectations for further gains. You'll have to see if there can be any movement according to the arrows drawn on the price chart. If it falls at the 22261.5 point, a Stop Loss is needed to preserve profit and loss. However, you can touch the 21273-21422.5 section and rebound, so you need to trade carefully. Anyone trades to earn a profit. However, not everyone can earn money. Therefore, I think that rather than trading to earn profits, you should trade without loss. If you are prepared for losses, I am confident that someday it will turn into profits. ------------------------------------------------ (BTC Dominance 1D Chart) It is on the rise after breaking above the 67.44 point. We have to see if we can get below the 67.44 point. If BTC dominance rises as the price of BTC declines, I think it is likely to cause a plunge. However, looking at the current trend, as the BTC price rises, the BTC dominance is also rising. If the BTC price rises to some extent (more than 23837.5 points on the XBTUSD chart), I think there is a possibility that BTC dominance will decline as the altcoin price rises. However, from 67.44 point or higher, it is a section that is likely to turn into a downtrend, so you should always check the flow of the coin market. -------------------------------------------------- ---- (USDT Dominance 1D Chart) It remains to be seen if the USDT dominance can hit resistance and decline at 3.285. I think the chart you should look at along with BTC price and BTC dominance is the USDT dominance chart. I think the USDT dominance chart shows the movement of funds in the coin market. Therefore, it is necessary to confirm the movement of BTC dominance beforehand. If USDT dominance moves sideways or falls below the 3.285-3.374 range, it can be said that the coin market is unlikely to turn into a downtrend. We need to see if the volatility between December 24th and 27th will cause any movement to deviate from the 2.970-3.374 range. Accordingly, you should get resistance at the uptrend line (5) and the downtrend line (2). -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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)
BITMEX:BTCUSD.P
by readCrypto
6
Bitcoin (BTC, including short term strategy) - December 22Good morning? 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)
BITMEX:BTCUSD.P
by readCrypto
1
Bitcoin (BTC, including short-term strategy) - December 21Hello? 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 remains to be seen if volatility around December 23 can rise along the uptrend line (1). If it falls at the 22261.5 point, a Stop Loss is needed to preserve profit and loss. However, it is possible to temporarily touch the 21273.5-21422.5 section and increase it, so careful trading is necessary. Therefore, it is necessary to think in advance how to proceed with Stop Loss. The wRSI_SR and CCI-RC indicators are showing a short-term downtrend, so you need to see where they are gaining support. If it moves sideways between 22925.0-24252.5, I think there is a high possibility of further gains. --------------------------------------------- (BTC Dominance 1D Chart) Touched point 67.44. We need to see if we can get resistance at 67.44 and move down. If it rises above 67.44 points, I think the coin market is likely to see a sharp decline. In order for altcoin price to rise, BTC dominance must fall. So, it remains to be seen if it can drop below the 65.89 point. -------------------------------------------------- ---- (USDT Dominance 1D Chart) We need to see if we can get resistance at the downtrend line (6) and move down. With the volatility around December 26th (December 25-27), you need to determine whether you are heading towards points 2.754 or 3.285. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to know 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 are not trading 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
3
Bitcoin (BTC, including short-term strategy) - December 20Hello? 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 make sure you can get support at point 23837.5. Also, if it falls, it will be supported at 22925.0 and see if it can move up along the uptrend line (1). If it is supported above the 24252.5 point, it is expected to rise to the 25579.5-26243.0 range. However, if it falls from the uptrend line (1), a sharp decline may occur, so careful trading is necessary. If it falls at the 22261.5 point, a Stop Loss is needed to preserve profit and loss. There is a possibility of touching the 21273.5-21422.5 section and going up. Therefore, you need to think about the ratio of Stop Loss and how to divide it. If it falls below the 2009 3.0 point, there is a high likelihood that the number of people trying to sell will surge, leading to a sharp decline, so if you fall below the uptrend line (2), keep an eye on the situation. These are the CCI and EMA lines that have a gentle slope even with the surge in BTC price. It remains to be seen if the price of altcoins can rise as the sideways move between 22925.0-24252.5. I think the movement between December 23 and 27 is important as a period to promote altcoin price increase. If BTC price moves sideways without a sharp rise or fall, altcoins' price rise is expected to begin. This is expected to lead to an increase in the price of all altcoins, including major coins. ------------------------------------------------ (BTC Dominance 1D Chart) You should watch for any movement that deviates from 65.89-67.44. If it rises above 67.44 points, I think there is a high possibility of a plunge in the coin market. In order for altcoins to rise in price, BTC dominance must fall. In addition, I think the altcoin must fall below 63.38 to become a bull market. -------------------------------------------------- ----- (USDT Dominance 1D Chart) We have to see if we can move down along the downtrend line (6). It remains to be seen if it can move below the 2.726 point to fill the gap that occurred on August 31st. Also, you need to make sure you can touch the 2.754 point, which was caused by the odd sign that occurred on October 31st. If the USDT dominance continues to decline, I think that even if the BTC dominance rises, the altcoin price will eventually rise. So, we have to see if the volatility around December 26th (December 25th-27th) can cause a decline. If it rises above 3.285 points, you need to check the BTC dominance. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to know 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 are not trading 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
1
Bitcoin - significant volatility period (around December 11-18)Good morning? 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. -------------------------------------------------- ----- This is the last day I thought was a period of significant volatility We have to see if we can get support and climb in the 22261.5-22925.0 range. You also need to see if you can climb along the uptrend line (1) and rise above the 24252.5 point. If it falls from 22261.5 point, I think Stop Loss is necessary to preserve profit and loss. Because it is located at a price point that is too high, we believe that short-term Stop Loss with a new entry in mind can result in a larger loss. However, you can temporarily touch and climb the 21273.5-21422.5 section. This is because the'Pull Back' pattern can lead to a drop to absorb more volume. We believe that the point at which the downtrend transitions is below the 18571.0-19287.5 range. However, if you touch the 20093.0 point, a sharp decline is expected. With volatility around December 21st, it remains to be seen if an attempt to break above the 24252.5 point rises along the uptrend line (1). ----------------------------------------- (BTC Dominance 1D Chart) You should watch for any movement that deviates from 65.89-67.44. If it rises above 67.44 points, it is expected that there is a possibility that the coin market will plummet. In order for altcoin price to rise, BTC dominance must fall. We have to see if we can get below the 65.89 point. -------------------------------------------- (USDT Dominance 1D Chart) We have to see if we can move down along the downtrend line (6). -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to know that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down to interpret 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 are not trading 24 hours a day. G1: closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin-significant volatility period (around December 11-18)-9Hello? 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 remains to be seen if it can gain support at the 22261.5-22925.0 interval and climb along the uptrend line (1). At the end of the period of significant fluctuations, we need to see where the volatility around December 18th (December 17-19) is gaining support. If you look at it from your current position, you will have to watch for any movement that deviates from 20093.0-24252.5. If not, it is expected that around December 27th will be a period of volatility. If you go down at 22261.5, you need Stop Loss to preserve your profits and losses, and you need to think about how to proceed. ------------------------------------------ (BTC Dominance 1D Chart) It is on the rise after breaking above the 65.89 point. It remains to be seen if it can quickly move below the 65.89 point. We also have to see if we can get resistance near the 67.44 point and move downward. Since the funds are concentrated in BTC, if it cannot be diversified toward altcoins, the coin market is expected to change the trend with a sharp decline in the end. To prevent this, I think BTC dominance must fall, and altcoins' price must rise. If it rises above the 67.44 point, I think there is a high possibility of a sharp decline. ------------------------------------------------ (USDT Dominance 1D Chart) We should see if we can get resistance at the downtrend line (6) and touch the 2.754 point. If you go up, you need to make sure you get resistance at 3.285. -------------------------------------------------- ------------------------------------------- ** 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 are not trading 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin-significant volatility period (around December 11-18)-8Good morning? 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 on the rise with a strong break above the 2009 3.0 point. It remains to be seen if volatility around December 18th (December 17-19) could increase to the uptrend line (1) or between 22261.5-22925.0. If it rises to the 22261.5-22925.0 range, it is expected to determine the next direction. Accordingly, we have to watch for any movement that deviates from the 20093.0-24252.5 section. ---------------------------------------------- (BTC Dominance 1D Chart) It is rising above the uptrend line (5) and 64.86 points. As the BTC price surges, the dominance of BTC appears to rise as funds are concentrated in BTC. Just as it touched and fell near the 67.44 point on November 18th-20th, this time we have to see if it falls in the 64.86-65.89 range. In order to face the altcoin price increase, I think it must fall below the 63.38 point. However, if BTC dominance starts to decline, altcoils that rise selectively will start increasing. Anyone who is investing in altcoins or those who want to invest in altcoins, we hope to get the best time to invest in altcoins while watching the movement of BTC dominance together. ------------------------------------------------ (USDT Dominance 1D Chart) It is falling below the 3.285 point. You'll get a resistance at point 3.285 and see if you can touch point 2.754. Also, we need to see if it can move below the downtrend line (6). If it rises above the uptrend line (1) and rises above the 3.760 point, the coin market is expected to turn into a downtrend. So, it's a good idea to watch the USDT Dominance Chart as well. In 2020, the charts often break temporarily with strange signs. Points 5.003, 2.754, and 0.261 This is the point where the candle was touched due to this strange sign. USDT dominance rose when the first 5.003 point occurred, and although it could not touch the 5.003 point, it fell after rising. You can also see that the decline accelerated with the 2.754 point. I think that the 3.285-3.374 or higher is actually the peak. It can be seen that a lot of funds have entered the coin market. The uptrend line (5) is the uptrend line starting on March 7, 2020, and is the uptrend line for 2020. It is also to be seen if the 2.754 point, which is a strange symptom, and the 2.726 point, the gap point, can fall below the interval. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to know 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 are not trading 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
1
Bitcoin-significant volatility period (around December 11-18)-7Hello? 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 see if an attempt is made to gain support at 19287.5 and climb along the uptrend line (2) to break above the 20093.0 point. It remains to be seen if the volatility around December 18 leads to a movement outside the 17422.0-20093.0 range. Since it broke above the 18751.0-19287.5 range, it is at the point where an increase in trading volume is essential in order to rise to a higher price. For this increase in trading volume, I think it is necessary to show support from 19287.5 points or higher. Accordingly, if there is a sideways movement near the 19287.5 point until around December 18th, I think it will be possible to attract the necessary trading volume to rise. --------------------------------------------- (BTC Dominance 1D Chart) We have to see if we can get resistance and move downward at the downtrend line (3) and uptrend line (5). If it rises above 64.86 points, the price of altcoins is expected to fall again. ----------------------------------------------- (USDT Dominance 1D Chart) We must see if we can get resistance at 3.596 and move below the downtrend line (2). ---------------------------------------------- If you look at the charts below, you can see that the TOTAL2 chart, that is, the prices of major coins, are falling a little further. If you watch the TOTAL2 and OTHERS charts rise when the TOTAL chart rises above any point, I think you can roughly know when to invest in altcoins. (TOTAL 1D chart) Market cap of all coins -------------------------------------- (TOTAL2 1D chart) Market cap of remaining coins minus BTC market cap ---------------------------------------- (OTHERS 1D chart) Market capitalization of remaining coins minus BTC and major coins -------------------------------------------------- ------------------------------------------- ** 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 are not trading 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin-significant volatility period (around December 11-18)-6Good morning? 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 must watch for any movement that deviates from the 18751.0-19287.5 segment. If it falls from 18751.0, it is a short-term Stop Loss. From the volume indicator, the volume is declining. In this trend, prices are rebounding. For this rebound to lead to an uptrend, volume must increase as prices rise. So, if you gain support by rising above 19287.5 points, you should check if the volume is increasing. In section A, you can see that the trading volume increased a lot when the price increased. Considering the big picture, the current flow can be said to be in the sideways between 17422.0-20093.0 It can be interpreted that segment B is undergoing price adjustments in these boxed segments. From the wRSI_SR indicator, it can be said that the short-term bullish divergence was completed by touching more than 29287.5 points. If we gain more than 19287.5 points to gain support and continue this trend until around December 18th, we expect to overcome the short-term downtrend and attempt to break above 20093.0 with further gains. In the Stochastic RSI indicator (wRSI_SR indicator), which is used by combining the RSI indicator and the stochastic indicator, there is a difference between the overbought and oversold periods referred to in the RSI indicator. Because it is influenced by stochastic indicators, it is supposed to keep making waves for short-term response. In conclusion, the possible future trend in the wRSI_SR indicator is a short-term decline. If this trend is tolerated near the 19287.5 point, it is expected that 20K units will be able to enter. At this time, the increase in trading volume must be followed. It is expected whether it will be possible to enter the 20K range that can create a new wave. --------------------------------------------- (BTC Dominance 1D Chart) It remains to be seen if volatility around December 15 will find resistance at the uptrend line (5) and the downtrend line (3) and fall. If it rises above 64.86 points, it is expected that altcoins will fall again. I think that in order for altcoin price to rise, it must fall below 63.38 point. --------------------------------------------- (USDT Dominance 1D Chart) The volatility around December 15 puts resistance at the 3.596 point, and it remains to be seen if it can move below the downtrend line (2). You should also check if you can drop below the 3.285 point. -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin-significant volatility period (around December 11-18)-5Hello? 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. -------------------------------------------------- ----- The volatility around December 14th (December 13th-15th) should be watched to see if any movement deviates from the 18751.0-19287.5 range. If you get support above the 19287.5 point, you should see if there is an attempt to break above the 20093.0 point with an increase in trading volume. If you get support at the 20093.0 point, we expect to climb to the 22261.5-22925.0 range and decide the next direction. The significant volatility period is around December 11th-18th, so you need to trade carefully until December 19th. If it falls from 18751.0, it is a short-term Stop Loss. We have to see if we can ascend with the flow drawn on the 3 secondary indicators. We have to see if we can go up along the uptrend line (2). If you move away from the uptrend line (2), it will eventually fall. ------------------------------------------------ (BTC Dominance 1D Chart) It remains to be seen if the volatility around December 15th (December 14th-16th) leads to a movement that deviates from 63.38-64.86. If BTC dominance gets resistance at the uptrend line (5), there is a possibility of further decline. Now that you've touched the downtrend line (3), you need to see if you can get resistance and move down at the downtrend line (3). -------------------------------------------------- - (USDT Dominance 1D Chart) It is showing support at the point of 3.596 and the downtrend line (2). It remains to be seen if it can move below the 3.596 point and the downtrend line (2). With volatility around December 15th (December 14-16), we have to see if there is a movement that touches the 3.285 and 4.165 points. If USDT dominance is below the downtrend line (1), there is a possibility of further declines. However, if it is located above the 3.760 point, I think there is a possibility that the overall coin market will enter a downward trend. So, you need to see if you are getting resistance at the downtrend line (1) and falling. -------------------------------------------------- ------------------------------------------- ** 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 are not trading 24 hours a day. G1: closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
1
Bitcoin-significant volatility period (around December 11-18)-4Good morning? 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. It remains to be seen if the volatility around December 14 causes any movement outside the 18751.0-19287.5 range. You also need to see if you can climb along the uptrend line (2). I think it shows a willingness to go up as it quickly deviates from the basic short-term downtrend line (6). This trend is expected to remain obscured by the increase in volume generated when the 19287.5 point is crossed. (Unlike the general spot chart, the volume of the XBTUSD chart is a contract, so its meaning is a little different, but it generally shows a similar flow, so I am referring to the general spot chart. It remains to be seen whether the spot market will lead to an upward breakthrough of the 20K range. I think this will depend on whether it can rise above the 19287.5 point as it rises along the uptrend line (2) after around December 18th. Following the flow, it is necessary to ensure that the price is maintained above the 20093.0 point due to volatility around December 24-27. If you climb above the 19287.5 point, the 18751.0 point is the short-term stop loss point. I think the volatility period around December 11th-18th is an important period in determining the future trend. Therefore, I think it is good to stop trading for a while and check the flow. During periods of volatility, you need to be wary of double losses, as fakes can occur more often than otherwise. (1W chart) I think that the important thing to look at in the 1W chart is the OBV index according to the position of the high and low points of the price and the increase or decrease in volume. In general, you can see that the highs and lows are steadily rising. The candle's movement, ending this week, is expected to end with a slight deviation from previous trends. Therefore, it seems important to be able to climb along the uptrend line (2) shown on the 1W chart. The wRSI_SR indicator shows a downward trend in the overbought period, and the CCI-RC indicator maintains an upward trend. -------------------------------------------- (BTC Dominance 1D Chart) We need to see if we can get resistance and decline at the uptrend line (5) and downtrend line (3). If BTC dominance continues to rise, I think the price of altcoins is likely to decline. ------------------------------------------- (USDT Dominance 1D Chart) It remains to be seen if it can drop below the 3.596 point. If it doesn't deviate from the downtrend line (1), I think it's likely to fall. -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
3
Bitcoin-significant volatility period (around December 11-18)-3Hello? 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 have to see if we can quickly climb above the 18195.0 point. During the critical volatility period, around December 11-18, we need to watch for movements that deviate from the 17422.0-18751.0 range. You need to see if you can climb along the uptrend line (2). You should also check if you can get support at 18195.0. If it falls at 17422.0, you need a Stop Loss to preserve profit or loss. However, since 15979.0 is the point that we consider to be a downtrend turning point, careful trading is necessary. If you buy again because the price increases after the Stop Loss has occurred, there is no meaning of Stop Loss. These trades add more psychological pressure, which can lead to bad trades. What must be done to prevent this is split trading. In addition, there must be some extra funds on hand. During periods of volatility, I think it is a good idea to stop trading for a while and check the market flow. This is because double losses due to fakes can be avoided. If you set a minimum Stop Loss point of your own coins, the ratio of Stop Loss and the number of divisions, etc., and some set a reservation order, I think that you can cope well without panic when a sudden movement occurs. ------------------------------------------- (BTC Dominance 1D Chart) We have to see if we can get below the 63.38 point. If I get resistance at the uptrend line (5), I think there is a chance it will fall below the 63.38 point. ---------------------------------------------- (USDT Dominance 1D Chart) We need to see if we can get resistance and fall at the uptrend line (1) or at 3.760. -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin-significant volatility period (around December 11-18)-2Hello? 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 remains to be seen if the volatility around December 11th-18th will cause any movement outside the 17422.0-19287.5 range. You need to see if there is a sharp rise as you climb along the uptrend line (2) and then break above the downtrend line (6). If you are supported at 18195.0, this is a new entry point. However, since the current price is at the peak, short-term response is necessary. Accordingly, if it falls at 17422.0 point, a Stop Loss is necessary to preserve profit and loss. During the volatility period around December 11-18, strong volatility may occur between December 10-12 and December 17-19. I think it is good to stop trading for a while and check the flow of the coin market during the volatility period. You need to organize your thoughts on the necessary stop loss points and think about ways to preserve the profit and loss of coins. ------------------------------------------- (BTC Dominance 1D Chart) You should watch for any movements that deviate between the 63.38-rising trend line (5). If you touch the downtrend line (3) or 64.86 points, the price of altcoins is expected to fall further. If it falls below 63.38 or below the downtrend line (4), altcoins' prices are expected to start rising. -------------------------------------------- (USDT Dominance 1D Chart) We need to see if we can get resistance at the downtrend line (1) and move down. We have to see if we can get below the 3.285 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin - significant volatility period (around December 11-18)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. -------------------------------------------------- ----- 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: ) 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (BTC, including short-term strategy) - December 9Hello? 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 fell from the short-term stop loss point of 18751.0 and touched below the 18280.5 point. You need to see if you can gain support and rise at the uptrend line (2) or between 17422.0-18280.5 If it declines at 17422.0, a Stop Loss is required to preserve profit and loss. If it is supported at 18195.0, it is a new entry point. I think this is the point where we reserve the strength to rise above the 20093.0 point. However, if you fail to receive support in the 17422.0-18280.5 section, you can touch the 15979.0 point, so you must check whether you are supported. It remains to be seen if it rises after around December 10th along the uptrend line (2). After touching the 20093.0 point, we believe that movements will determine further upsides or turnarounds. It is expected that the first attempt to break through the 2009 3.0 point will be made after around December 14th. --------------------------------------------- (BTC Dominance 1D Chart) We must see if we can get resistance at the uptrend line (5) and move downward. If it does not rise above the uptrend line (5), it is expected to fall below the 63.38 point. It is expected that the direction will be decided while sideways from 61.20 to 62.12, but it is showing an upward trend after touching it. As such, I think the current BTC price point is telling us that it is a difficult price range. In order for altcoin price to rise, BTC dominance must fall. Also, if it falls below the 63.38 point, I think the altcoin price will rise more quickly. ------------------------------------------------ (USDT Dominance 1D Chart) We must see if we can get resistance at the downtrend line (2) and move down. We need to see if we can get resistance and move downward at the downtrend line (1)-(3), which is the underlying downtrend channel. It remains to be seen if it can drop to the 3.285-3.374 section around December 15th. -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
2
Bitcoin (BTC, including short term strategy) - December 8Hello? 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 must watch for any movement that deviates from the 18751.0-19287.5 segment. You need to touch the uptrend line (2) around December 14, when the uptrend line (2) and 18751.0 points intersect, and see if you can move up. If it falls from 18751.0, it is a short-term Stop Loss. You can touch between 17422.0-18280.5, so you need to trade carefully. Unlike other charts, it has a short-term downtrend line (6). If you deviate from this short-term downtrend line, it is because we believe that further gains are likely. As explained yesterday's wRSI_SR indicator, we need to see if it can lead to an upside in Sideways. We are expecting to touch more than the 2009 3.0 point, and I think the trend will regenerate depending on whether you can support or not. So, if you touch and drop above the 20093.0 point, you need to make sure you get support above the 19287.5 point. ---------------------------------------------- (BTC Dominance 1D Chart) We have to see if we can get below the 63.38 point. If it doesn't rise above the uptrend line (5), I think it's likely to fall. ---------------------------------------------- (USDT Dominance 1D Chart) You should watch for any movement that deviates from 3.285-3.596. You also need to see if you can fall along the downtrend line (2). -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (BTC, including short-term strategy) - December 7Hello? 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)
BITMEX:BTCUSD.P
by readCrypto
1