Total
Bitcoin (BTC) - December 16Hello?
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We'll have support at 19300.0 and see if we can climb above 19798.68.
If it falls at 18719.11, it is a short-term Stop Loss.
The volatility around December 17th (December 16th-18th) should be watched to see if any movement deviates from 18719.11-19798.68.
In the wRSI_SR indicator, a red inverted triangle is displayed.
This indication can be interpreted as overbought by saying that the RSI value has reached over 100.
However, it is not known how many days the red inverted triangle will appear.
After this, if the RS line falls below the overbought period, i.e. 80 or less, you can see that the price is also likely to have high volatility.
Since the RS line is in the overbought zone, it is expected to enter a short-term downturn cycle not far away.
At this point, you need to see where the BTC price is gaining support.
When transitioning from a short down cycle to a short up cycle, an attempt to break above 19798.68 is expected if supported at 19300.0.
According to the CCI-RC indicator, CCI is not showing an increase even when prices are rising.
This is because the flow after the closing price is formed is lagging.
So, you need to check the flow after new candles are created.
It remains to be seen if the CCI line starts rising and if it can break above the EMA line.
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(Coinbase BTCUSD 1D chart)
We have to see if we can get support at 19385.0 and rise above 19891.99.
If it falls from 18721.93, it is a short-term Stop Loss.
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(OKEX BTCUSDT 1D chart)
We must see if we can ascend above the 19667.3 point.
If it falls, you need to make sure you get support at 19050.4.
If it falls from 18688.8, it is a short-term Stop Loss.
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(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.
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(USDT Dominance 1D Chart)
We must see if we can get resistance at 3.596 and move below the downtrend line (2).
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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
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(TOTAL2 1D chart)
Market cap of remaining coins minus BTC market cap
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(OTHERS 1D chart)
Market capitalization of remaining coins minus BTC and major coins
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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 are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Bitcoin-significant volatility period (around December 11-18)-7Hello?
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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.
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(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)
TOTAL2 Bullflag - ContinuationTOTAL2 has transition to 2.618 within the strongest Fibonacci circle trend.
This will likely lead to the bulls continuing their run.
Its a strange pattern but I believe it can be interpreted as a bullflag once the area within the triangle (flag) completes.
In the attached chart I see a large bull impulse move coming within this newly discovered 2.618 territory (on the MACD). Many will be shaken out at this level however.
BTC - Trend reversal? - Maybe the end of this parabolic move Hello guys,
I wanted to share my idea about the future of the crypto market.
We have had huge volume in the past few weeks. This climax is not seen on the Bitcoin charts. Maybe bc of the shared volume in all different exchanges.
There is a wisdom in trading: Volume never lies!
This not means it is over at all, but for this trend, we have a reversal.
It is time to take profit and enjoy life.
Have a good time.
Some facts about climax (source investopedia):
-A climax occurs at the end of a bull or bear market cycle and is characterized by escalated trading volume and sharp price movements.
-Climaxes are usually preceded by extreme sentiment readings, either excessive euphoria at market peaks, or excessive pessimism at market bottoms.
-Essentially, climaxes are a result of supply and demand factors.
Money and More Money On Crypto MarketHello Traders
I heard many people talking about the crypto market crash. Well, this chart alone is showing that more people investing their money into cryptocurrencies every day.
About the analysis. The chart is currently is on a big dynamic channel and has broken a triangle from above. Pullback happened, and I'm expecting alt season to come.
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What is your opinion? Comment below.
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Goodluck.
Total Market Crypto Cap - Head and shoulders + Triangle warning- Overall total market cap is not looking good right now
- We can see this head and shoulders and also the descending triangle - 2 bearish patterns!
- I expect lower prices, also as you can see, we finished our Impulse Elliott Wave
- You can profit by this crash easily, just use futures market and enter a short position - I recommend SNX coin for example
If you want more of these ideas, please hit the like button and follow me, so you don't miss any update!
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The boycott is widespread on social media, Facebook, YouTube, Instagram, and hashtag. The boycott is in first place, and many Islamic stores have replaced French products with the British, local and Russian, and they were banned from trading French products.