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💥Weekly Timeframe Analysis for $TOTAL#TOTAL (UPDATE) Here is what to expect on crypto total market cap for the next few months. $TOTAL is clearly bearish. But we may see a small pump towards $850B - $900B for market to seek liquidity before the drop. If price should drop from $900B market cap to $640B then $558B, imagine the outcome on Bitcoin. Also, if the crypto total market cap should drop from its CMP @ $804B market cap to $400B which is -2x, what price do you think Bitcoin price will fall to?? $8,500; $9,500; $10,500, $11,500? What’s your perspective? Not a financial advice 🙅🏼‍♂️ Share your opinion in the comment section✍️ Please support this idea with a 👍 if you find it useful😋 Happy Trading💰💵💸
CRYPTOCAP:TOTALShort
by PetrockFxTrading
4
Need to rise in line with the new trend of the 1W chart...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) The fall in the gap between USDT and USDC means that money is being withdrawn from the coin market. Therefore, even if there are price fluctuations in the coin market, if USDT and USDC continue to show a gap decrease, the coin market will eventually show a decline. (BTC.D 1D chart) The rise to BTC dominance shows that funds are concentrated towards BTC. At this time, it is important to check whether the USDT dominance is rising or falling. (USDT.D 1D chart) A rise in USDT dominance means a fall in the coin market. So, the question is whether it can find resistance around 8.11-8.22 and drop below 7.86. If it does not and rises, the coin market will show a decline again. The key is whether it can drop to around 7.86. We need to see what kind of volatility will occur between December 9-11. ----------------------------------------- (BTCUSDT 1W chart) The most important point from the current position is whether it can rise above 20050.02. To do so, we need to see if it can rise above 17880.71, the point of the newly formed HA_Low line. If not, I would expect it to move down the downside channel and eventually drop back to around 13500.0. (1D chart) The question is whether it can rise above 17880.71, the new expected HA-Low point on the 1W chart. If it fails to move higher, it is important to be able to keep the price above 16428.78. To continue the new trend, the price must be maintained above 16428.78. To turn into an uptrend, the price needs to stay above the HA-Low line and above the MS-Signal indicator. Therefore, it is currently showing resistance at 17176.24, but showing support near the MS-Signal indicator. Therefore, if the MS-Signal indicator does not show resistance, it is expected to rise. If there is a decline from 16428.78, there is a possibility of a sharp decline around 15475.10, so you need to think about countermeasures. is. The next period of volatility is around December 17th. Circled zones mark important support and resistance zones. In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement closely. If this uptrend ends with a one-off, 1st: 17880.71 2nd: 19176.93 3rd : 20050.02 It is expected to touch the vicinity and fall. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
4
What happens when USDC's gap falls into 39B-42B...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) If USDC continues to break the gap below the 39.675B-42.563B range, I think the coin market is likely to enter a recession. Therefore, when entering this section, the key is whether funds can flow in. (BTC.D 1D chart) During the volatility period around December 10 (December 9-11), we need to see if there is a move out of the 40.44-41.06 zone. (USDT.D 1D chart) During the volatility period around December 10 (December 9-11), the question is whether it can find resistance at 8.11-8.22 and fall below 7.86. --------------------------------------- (BTCUSDTPERP 1D Chart) During the volatility period, it is necessary to check whether there is a movement out of the 16984.9-17170.0 range. Before the StochRSI indicator enters the overbought zone, we need to see if it can sustain the price by rising above 17170.0. If not, it could fall to around 16580.6. If it rises around 17670.0, I would expect price to stay above 17170.0 to continue the uptrend. So, if it rises above 17170.0, it's important to keep the price going. Due to the point 19411.7, the newly forming volume profile point on the 1M chart, the volatility period seems to have been extended to around December 13th, that is, December 9th-14th. If this week's candle closes near the current position and the HA-Low line on the 1W chart forms at 17864.7, the 17588.0-17864.7 section is expected to be an important support and resistance zone. If the price stays above this zone through the period, it is expected to lead to an attempt to break above the downtrend line. The volatility period at this time is the next volatility period around January 9th, and it is expected that whether or not the price breaks above the downtrend line will be determined. In order to continue the new trend, the price must be maintained above 16422.6. So, if possible, you should see if you can keep the price in the 16580.6-16729.8 range or higher. USDC continues to gap down. This lowering of the gap means taking money out of the coin market, which is likely to have an increasingly detrimental effect on the coin market. Therefore, if you see a rise in the coin market, you will have to pay a lot of attention to how you respond to your coins (tokens). In other words, it means that by reducing the number of coins (tokens) you have, you should prepare for a sharp drop that may occur in the future. We recommend that you re-examine your trading strategy for your coins to avoid increasing your losses from -5% to -10% to more than -30%. The maximum uptrend in the current flow is the 19411.7-20220.1 section. Since a strong volume profile section is formed in this section, it is highly likely that this uptrend will be ended by touching this section. However, if funds continue to flow through USDT or USDC rapidly, there is a possibility that the uptrend may end without breaking through the downtrend line passing around 18374.1-18741.7. In any case, if the price is maintained above 16422.6, there is a possibility of continuing the uptrend again, so we need to check this part carefully. The circled zones on the chart are important support and resistance zones. (1h chart) The circled zones on the chart are important support and resistance zones. If the price is maintained above the M-Signal line of the 1D chart and above 17170.0, the main position is 'LONG'. Therefore, a quick response is required when entering the 'SHORT' position. It is expected to touch the 5EMA line and the M-Signal line on the 1D chart as they rise, sooner or later. Therefore, at this time, it is necessary to check whether there can be a movement out of the 16984.9-17170.0 range due to possible volatility. In order to show an upward trend, it must rise above 17302.2, and when it rises and then falls, it is important that it is supported around 17170.0. If not, this time around 16580.6 is likely. If you keep the price above 16422.6, I explained that there is a possibility of an upward trend again, so when it falls to this area, you need to check if there is a sharp movement and rise. If it falls below 16422.6 and encounters resistance, 1st: 15908.2 2nd: 15328.7 3rd: 14824.3 You need to make sure that you are supported nearby. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
1
If it is not going to be a one-time uptrend...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1W chart) (1D chart) (USDC 1W chart) (1D chart) The coin market sees that USDT has more influence than USDC among moving funds. Therefore, it is important whether funds flow into USDT. However, if the outflow of USDC funds continues, there is a possibility that the coin market will enter a recession. - A period in which the coin market may start to stagnate USDT: Below 62.B-64.B USDC: below 39.B-42.B If USDC encounters a gap pullback, it is likely to decouple from the US stock market chart, so you need to think about how to do it. In order not to end in a one-off uptrend, I think that USDT and USDC must show a gap uptrend, that is, an uptrend. If not, I think there is a possibility that institutions or whales who have not been able to get out of the coin market can withdraw their funds by burning the funds currently in the coin market and temporarily raising the price. Finding ways to avoid losses on these flows is important for now. (BTC.D 1D chart) (USDT.D 1D chart) The key is whether it can drop to around 7.86. We need to see what kind of volatility will occur between December 9-11. ----------------------------------------- (BTCUSDT 1W chart) When the candle closes this week, we need to see if the HA-Low line forms at 17880.71. You also need to make sure that your Heikin Ashi body can keep the rising sign. In particular, when the StochRSI indicator breaks out of the oversold zone and starts moving upwards, you should look for support above 17176.24. Important sections are circled. (1D chart) We need to see if the price can sustain above 17176.24 by moving up along the MS-Signal indicator. The BTC.D, USDT.D, and BTCUSDTPERP charts indicate that volatility is highly likely to occur around December 10 (December 9-11), so it is judged that careful trading is necessary. Even if volatility occurs, if the price holds above 16428.78, it is expected to maintain the newly changed trend, so you should check if it can find support near the HA-Low line. Therefore, it is necessary to check whether it can be supported around 16590.54-16740.30. If it rises, it is likely to touch above 17572.33. At this time, it is important to keep the price above 17176.24 after touching. The next period of volatility is around December 17th. Circled zones mark important support and resistance zones. In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement carefully. If this uptrend ends with a one-off, 1st : 17880.71 2nd : 19176.93 3rd : 20050.02 It is expected to touch the vicinity and fall. What is important to this movement is how to manage the coins (tokens) you have. By reducing the number of coins (tokens) you have, you must create the strength to endure until the bull market begins. Buying when the price rises in a situation where new funds are not flowing into the coin market can increase losses, so you need to be careful. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
5
Downtrend before uptrend, uptrend before downtrend...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) We need to see if the gap rise of USDT and USDC can continue to occur. (BTC.D 1D chart) During the volatility period around December 10 (December 9-11), we need to see if there is a move out of the 40.44-41.06 zone. (USDT.D 1D chart) The question is whether it can find resistance at 8.11-8.22 and drop below 7.86. Around December 10th is a period of volatility. --------------------------------------- (BTCUSDTPERP 1D Chart) Even as the StochRSI indicator falls below the center line, the price continues to rise. Therefore, if the price is maintained above the MS-Signal indicator even when the StochRSI indicator enters and exits the oversold zone, it is expected to lead to further upside. If this week's candlestick closes above 17170.0, the next important support and resistance point (an apt move) is expected to be around 17864.7. Therefore, it is worth keeping a close eye on the movement during this period of volatility, December 9th-11th. As long as it does not fall below 16422.6, the new change is expected to be maintained. Since the decline started in the overbought zone, the question is whether it can find support around the trend-based Fibonacci extension of 1.27 (16984.9) - 17170.0. If not, we need to see if we can keep the price above 16422.6. The circled zones on the chart are important support and resistance zones. (1h chart) The circled zones on the chart are important support and resistance zones. If the price is maintained above the M-Signal line of the 1D chart and above 17170.0, the main position is 'LONG'. Therefore, a quick response is required when entering the 'SHORT' position. With support above 17170.0 and a rise above 17302.2, I would expect a move towards 17670.0. If this is not the case and it declines, you need to check if it is supported near the M-Signal line on the 1D chart. If support is not received near the M-Signal line on the 1D chart again, there is a high possibility that it will fall around 16422.6, so you need to think about countermeasures. The 17302.2 point is a point where support and resistance lines, which represent important meanings on various time frame charts, are formed, so I think that breaking this point upward means that there is power to rise. If it falls below 16422.6 and encounters resistance, 1st: 15908.2 2nd: 15328.7 3nd: 14824.3 You need to make sure that you are supported nearby. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
In order to continue the new transformed flow...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) (BTC.D 1D chart) As it rose above 40.44, the coin market began to show new changes. (USDT.D 1D chart) The key is whether it can drop to around 7.86. Next period of volatility: Around December 10th ----------------------------------------- (BTCUSDT 1M Chart) (BTCUSD INDEX 1M Chart on TradingView) What differs from the TradingView BTCUSD chart is the volume and location of the HA-Low line. It can be seen piecemeal that a lot of trading has been done on Binance compared to other exchanges. Looking at the range of change between the highest peak and the lowest trading volume, it is 32.12%. It seems that the decline is low compared to the record of the transaction volume that can not be found in history. The HA-Low line is not on the Binance chart, but is located at 4234.93 on the TradingView chart. So, on the 1M chart, it is fragmentary that we are not in a position to make a purchase just yet. You need to shake it up and down more to see if it makes the HA-Low line rise. (1W chart) It is showing a decline as it failed to rise above 17.1K. When the candle closes this week, we need to see if the HA-Low line forms at 17880.71. You also need to make sure that your Heikin Ashi body can keep the rising sign. Important sections are circled. (1D chart) It is showing a decline after encountering resistance at 17176.24. Meanwhile, it fell below the MS-Signal indicator. If the price holds above 16428.78, I would expect it to maintain the newly changed flow, so I need to see if it finds support near the HA-Low line. Therefore, it is necessary to check whether it can be supported around 16590.54-16740.30. This period of volatility runs until December 8th, so you need to be careful with your trades. The next period of volatility is around December 17th. Circled zones mark important support and resistance zones. In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement carefully. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
2
Will it move with the changed flow... Rise above 17.1K...(Day 7)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) We need to see if the gap rise of USDT and USDC can continue to occur. (BTC.D 1D chart) I need to see if it can be maintained on 40.44 or higher. (USDT.D 1D chart) The question is whether it can find resistance at 8.11-8.22 and drop below 7.86. --------------------------------------- (BTCUSDTPERP 1D Chart) As the StochRSI indicator has started to decline in the overbought zone, it will be a question of finding support around the trend-based Fibonacci extension of 1.27 (16984.9)-17170.0. If not, we need to see if we can keep the price above 16422.6. Since it is located near the MS-Signal indicator, I think it is in an ambiguous position to actually enter a position. Therefore, you need to be careful when entering a position. As of November 27th, it seems that the flow of BTC has changed. Therefore, since the meaning of the current position has changed, it must meet resistance by falling below 16422.6 to show the same downtrend as it did before the 27th of November. The next period of volatility is around December 10th. (1h chart) The circled zones on the chart are important support and resistance zones. If the price is maintained above the M-Signal line of the 1D chart and above 17170.0, the main position is 'LONG'. Therefore, a quick response is required when entering the 'SHORT' position. If the price holds above the MS-Signal indicator, 16984.9, I would expect a bullish trend to rise above 17170.0. However, it is important to ensure that it can be supported at 17170.0 or higher, so it is necessary to check whether it is supported. Also, if it goes down, it is also important that the price can be maintained above 16422.6, so it is necessary to check. Therefore, you need to make sure that it is out of the minimum range 17170.0-16580.6 and the maximum range 16422.6-17670.0. If you are inexperienced in short-term, scalping responses, you should be careful because you think you are in a section where you need to be cautious when entering a position. If the price rises above 17170.0 and holds the price, 1st: 17670.0 2nd : 18374.1-18741.7 It is expected to show an upward trend in the vicinity. At this time, what is needed to continue the upward trend is that new funds must be shown entering the coin market. If it falls below 16422.6 and encounters resistance, 1st: 15908.2 2nd: 15328.7 3nd: 14824.3 You need to make sure that you are supported nearby. So, no matter what, an upward move above 17170.0 would be necessary to continue this upward movement. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
1
USDT Casino Collapse is imminent here's my proof --Be Warned-- Right I just got some time to get around looking into Tether after recent events, and I have to say I have never seen such an uneducated community get fooled by a "Merkle Tree" proof of reserves? ---Problem one--- The Binance CEO states a Merkle Tree is the best way to prove user funds, why does this not work? There is ZERO way's to check if multiple users are allocated the same USDT (Tether) on their trading accounts or balances. People hold balances on exchanges for insane APY returns that is another story but I have done some research and hardly anyone is using Tethers "Redeem" feature that you have to be VERIFIED to even use this removes anyone outside the know to have access to this system, ON top of that Minimum fiat withdrawal or deposit 100,000 USD* How can you expect people to possibly call the bluff on Tether if their limits are that high? WHY is their limits that high to redeem USDT for a USD currency equivalent balance? How many Stock Apps have limits like this for real USD on app stores? Not many. ---Problem two--- If USERS cannot withdraw small amount of USDT for USD that can be sent to an FDIC insured bank account in America you're all most likely holding a USDT that is valued less than 0.05c on the dollar. Merkle Tree reserves are completely pointless as you would need to go through millions of accounts, I expect binance would flood this data with 20 million random generated accounts with asset allocation, this means you would have to go through each and every single one of these to confirm with the USER that their assets are allocated to that account. And if you did this I'm sure you would have multiple accounts claiming to own the same USDT balance. ---Problem Three--- I have spent 5 hours today contacting representatives of major exchanges including Binance, ByBit, Phemex, Bitfinex, all of them are over exposed or completely exposed to keeping funds in USDT even though some of their contracts state USD that is misleading its not a base USD currency. In the real world we use FDIC banks with our trading brokers that settle and use USD balances as the USD is actually allocated and real. ---Problem Four--- Everybody / expert trying to short this crypto market in the final stage is about to lose everything, including your famous influencers you're going to see their wealth disappear faster than the Dot Com bubble CEOs, reason? everyone trading on these platforms are settled in USDT that if a collapse occurs you cannot redeem them. the few exchanges that have US bank accounts tied to their platform will let you redeem them sure, but you can short Bitcoin or Ethereum to -95% levels you could make 100 Million dollars but what's the value of your profits when USDT goes with it and you can only redeem it like a failed UST? ---Problem Five--- How can I explain why this is going on and what's the motivation behind it?, lets use a Casino for the example as many people know Casinos. This Casino - ONLY operates Texas Hold EM Poker tables and major tournaments. (Which is a perfectly fair game) This Casino - ONLY allows you to play with their CHIPS that needs to be converted from a USD deposit. (Which is a perfectly fair system, handled by each individual state Casinos are regulated and finances checked to prevent them circulating more CHIPS than USD deposits, states fine them when this happens similar to underage people allowed to gamble hence the incentive makes it pointless to even try as a Casino when you're already winning) This Casino - Is regulated and checked by many US based Auditors and the US Government, including using real US Bank accounts. ---Final Problem--- I want you to imagine This Casino, running trillions of dollars in poker tournaments attracting people all around the world globally they pay influencers for sign up rewards they create the entire system from scratch, this Casino now has inside players with UNLIMITED CHIPS allocated betting against real people taking users deposits and user assets. Imagine playing at a poker tournament yes the non Casino insider could win and take a prize but what about the other 97% of players? that's right you have lost everything. You're playing against market makers that see all your stops all your trades and have unlimited USDT to wick your money causing people to lose everything, all the excess Marketcap and profits they gain while actually converting the USD and spending it on real world assets, the only way for them to actually steal your original USD holdings is to make you lose their USDT they allocated you and multiple people at the same time. As dire as this sounds its ingenious. ---Final Warning--- Now Imagine this poker table has 10 million players who bought into the tournament for on average 10,000 USD each and got CHIPS (USDT) to play on the tables. Now Imagine the situation we are currently in where people figure out the Merkle Tree is pointless and majority of user funds will evaporate the moment people try to find ways to redeem REAL USD, Its over. This entire Phone app wallets, hardware wallets Ethereum USDT balance chain is irrelevant they have convinced you all to hold their CHIPS on every UNREGULATED point of access possible so you wonder why the SEC does not do anything with power? they don't have to this will blow up.
CRYPTOCAP:USDTShort
by UnknownUnicorn7947829
6
USDT DOMINANCE: A RALLY OR A BREAKDOWN?The recent bounce in the USDT Dominance is creating fear in the market. The support of 7.9% is quite strong and is not allowing BTC and the altcoins to rally any further. A rally on the dominance up to 8.45% will be fine but all I fear is the breakout above the resistance trendline. If the dominance breaks out above the 8.45% resistance, I fear that we will see another big dump in the market. The USDT.D is not bearish until and unless it breaks down below the 7.9% support level. All eyes on deck, USDT.D, a rally towards the 8.45% or a breakdown below the 7.9%. Let us see what happens next. Thank you for reading my post. one like, comment, and share will be highly appreciated. Trade safely.
CRYPTOCAP:USDT.DLong
by Dexter_The_Trader
3
If the conditions for a short-term bullish reversal are met...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) (BTC.D 1D chart) Next period of volatility: December 4-6 (USDT.D 1D chart) The key is whether it can drop to around 7.86. Next period of volatility: Around December 10th ----------------------------------------- (BTCUSDT 1W chart) It is necessary to check whether the Heikin Ashi body can be converted into an ascending sign. (1D chart) The question is whether the price can sustain it by moving above 17176.24. If not, it is important to have support around 16428.78. A likely bullish point is expected to be seen above 17572.33. However, if funds do not come into the coin market, I think there is a high possibility that the 18353.11-18719.11 section cannot be broken upward. If you see money flowing into the coin market or if you see a decline around 7.27 of USDT dominance, there is a possibility that BTC is rising around 19176.93. The condition for turning into an uptrend is to maintain the price by rising above the HA-Low line and above the MS-Signal indicator. When the price is maintained like this, if the MS-Signal indicator turns into an uptrend, the possibility of continuing the uptrend increases. We need to make sure that it can be a day that can satisfy those conditions. The next volatility period is December 7 (Dec 6-8). Circled zones mark important support and resistance zones. In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement closely. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Live the last hope! Can the funds still come in... (Day 4)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) We need to see if the gap rise of USDT and USDC can continue to occur. (BTC.D 1D chart) We need to see the movement between December 4th and 6th, which is the volatility period. (USDT.D 1D chart) The question is whether it can find resistance at 8.11-8.22 and drop below 7.86. --------------------------------------- (BTCUSDTPERP 1D Chart) It is showing resistance at 17170.0. The question is whether it can move above the trend-based Fibonacci extension point of 1.27 (16984.9) and turn the MS-Signal indicator into a bullish sign. If not, the question is whether the price can be maintained above 16422.6. If the increase in the gap between USDT and USDC is correct, it is seen as an inflow of funds from the coin market. If funds start flowing into the coin market like this, it is expected to lead to a movement to rise above 17170.0. The next period of volatility is around December 10th. (1h chart) The circled zones on the chart are important support and resistance zones. If the price is maintained above the M-Signal line of the 1D chart and above 17170.0, the main position is 'LONG'. Therefore, a quick response is required when entering the 'SHORT' position. If it continues to decline, you should check for support in the 16580.6-16729.8 zone or around 16422.6. If not, you should be cautious as there is a possibility of a pullback around 15908.2. Funds are showing an inflow into the coin market, but as the USDT dominance rises, the coin market is showing a tendency to decline again. In this movement, BTC dominance is showing a departure from the 39.56-40.44 range, which is likely to cause large volatility. However, since we have entered the volatility period on the BTC dominance chart, it is necessary to check whether the USDT dominance meets resistance around 8.11-8.22. If the price rises above 17170.0 and holds the price, 1st: 17670.0 2nd : 18374.1-18741.7 It is expected to show an upward trend in the vicinity. At this time, what is needed to continue the upward trend is that new funds must be shown entering the coin market. If it falls below 16422.6 and encounters resistance, 1st: 15908.2 2nd: 15328.7 3nd: 14824.3 You need to make sure that you are supported nearby. So, no matter what, an upward move above 17170.0 would be necessary to continue this upward movement. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
A short-term uptrend turnaround! 17176.24 Requires Rise (Day 3)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) (BTC.D 1D chart) Next period of volatility: Around December 5th (USDT.D 1D chart) In order for the coin market to show an upward trend, USDT dominance must fall. So, the question is whether it can drop to around 7.86. Next period of volatility: Around December 10th ----------------------------------------- (BTCUSDT 1M Chart) The closing price and opening price of the candlestick for December 2017-January 2018 on the 1M chart is formed around 13.7K. Therefore, it is important to be able to climb with support in the 13.1K-15.9K section or higher. In particular, since a new volume profile section is being formed around 20050.02, it is necessary to check whether the price can be maintained by rising above this point. The volume profile section formed on the 1M chart is formed at 7011.21, 20050.02, and 28923.63. Therefore, the nearest launch point for the uptrend from the current price range is around 20050.02. (1W chart) At the current price level, the trend-determining zones are the 13137.51-15916.68 and 27033.35-29812.52 zones. So, if it finds support in the 13137.51-15916 section and starts to rise, it means that it is likely to see a big break again in the 27033.35-29812.52 section. Based on the midpoint between the trend-determining sections, that is, around 21475.02, it can be divided into a lower sideways section and an upper sideways section. Therefore, it can be seen that the price is currently maintaining the lower sideways range. If the price continues to rise and this week's candlestick closes above 17.176.24, I would expect a new move to be seen. The HA-Low line currently formed at 19518.59 seems likely to decline. (1D chart) It is currently showing support in the MS-Signal indicator on the 1D chart. To clearly show this support, we need to see the price hold above 17176.24. The support and resistance points of the RSI 20 indicator on the 1D chart are formed around 17572.33, so if it rises above the 17176.24-17572.33 section, it is likely to see a temporary surge. With this temporary surge, we need to see if we can touch the downtrend line (1), 18353.11 point. In any case, it can be seen that the 17176.24-17572.33 section plays an important support and resistance role on the 1M chart and 1D chart. An attempt to break above the MS-Signal indicator, i.e. the support test, is expected to enter its third day. So, I think the key is whether the candlestick on December 3 closes above 17176.24. If such a move continues until around December 7th, I would expect a move to rise above 18353.11. At 16428.78, the -100 indicator point is forming. So, a break below 16428.78 is expected to reverse a short-term downtrend. In this short-term downtrend, we need to see support at the 15475.10-15916.68 area. If not, it is expected to renew the recent low. Circled zones mark important support and resistance zones. In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement carefully. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
5
A short-term uptrend turnaround! What need is... (Day 2)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) (BTC.D 1D chart) (USDT.D 1D chart) --------------------------------------- (BTCUSDTPERP 1D Chart) In order to turn into an uptrend, the price must maintain the price above the HA-Low line and above the MS-Signal indicator. To do so, the price needs to stay above the minimum trend-based Fibonacci extension point of 1.27 (16984.9). If the MS-Signal indicator shows to hold the price above 17170.0 if possible until it turns into an uptrend, I would expect a reversal to the upside. If the price of BTC falls below 16422.6, the price move can be considered a failure. What is required for this movement is, above all, that the coin market must have good money flow. If not, there is a possibility that it will be a one-time rise. You can roughly see the flow of funds by looking at the USDT and USDC charts. Currently, USDT is trending sideways and USDC is trending lower. It is thought that the increase in the price of the coin market in this flow of funds is likely to be an increase to withdraw funds that have not escaped. To dispel these doubts, USDT dominance should show signs of declining to around 7.27. This is because the decline in USDT dominance is likely to lead to an uptrend in the coin market. If the gap rises with USDT and USDC continue to emerge as the USDT dominance declines, I think the coin market will successfully turn to the uptrend. If the money in the coin market is concentrated towards BTC, the possibility of leading the coin market to rise increases. The reason is that it currently sits in the 39.56-40.44 zone, which is likely to generate large volatility. Therefore, since ETH led the rise and raised the BTC price to an area where it is highly likely to turn upside down, BTC should now lead the uptrend. Therefore, BTC dominance should show an upward movement above 40.44. The next period of volatility is around December 10th. (1h chart) The circled zones on the chart are important support and resistance zones. If the price is maintained above the M-Signal line of the 1D chart and above 17170.0, the main position is 'LONG'. Therefore, a quick response is required when entering the 'SHORT' position. The key is whether it can be supported by the M-Signal line on the 1D chart and rise above 17170.0. If not, it is necessary to touch the HA-Low line point above 16580.6 and near the 5EMA line on the 1D chart and see if it can rise. If support fails and falls below 16422.6, there is a possibility of a sharp decline as it will reverse this rise. If the price rises above 17170.0 and holds the price, 1st: 17670.0 2nd : 18374.1-18741.7 It is expected to show an upward trend in the vicinity. At this time, what is needed to continue the upward trend is that new funds must be shown entering the coin market. If it falls below 16422.6 and encounters resistance, 1st: 15908.2 2nd: 15328.7 3nd: 14824.3 need to make sure that you are supported nearby. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
6
Bitcoin (BTC) - December 1Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) (BTC.D 1D chart) Rise of BTC Dominance: Concentrate funds towards BTC Fall in BTC Dominance: Concentrate Funds towards Altcoins Next period of volatility: Around December 5th (USDT.D 1D chart) In order for the coin market to show an upward trend, USDT dominance must fall. So, the question is whether it can drop to around 7.86. In a situation where the flow of funds is not very good, I think that the rise of the coin market is likely to be a rebound to further decline. Therefore, you need to think of ways to reduce the number of coins (tokens) you own. I think the point at which the coin market seems to be on the rise is when USDT dominance fell to around 7.27. Therefore, at this time, if you do not see funds flowing into the coin market, you should be careful as you may not be able to continue the upward trend and form a high point. ----------------------------------------- (BTCUSDT 1W chart) If price maintains the 17176.24-17572.33 area, next week's Heikin Ashi candle is likely to open higher. So, the question is whether the price can sustain it by moving above 17176.24. If not, you should check for support around 15916.68. Currently, the MS-Signal indicator on the 1W chart is located around 20050.02. By next week, it is expected to drop to 19K. Therefore, more upside or a longer time frame is needed to turn to the mid- to long-term uptrend. (1D chart) In order to turn into an uptrend on the 1D chart, the price must be maintained by rising above the HA-Low and above the MS-Signal indicator. So, if it rises above 17176.24 and holds the price until the MS-Signal indicator turns into an upside sign, there is potential for an uptrend. If not, you need to make sure it is supported in the 16428.78-16740.30 range or higher. If we don't see any new money coming into the coin market, we think the downtrend line (1) is likely the point of maximum upside. Therefore, it is necessary to check whether the gap rises with USDT and USDC. Circled zones mark important support and resistance zones. In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement carefully. The next period of volatility is around December 7th. This is the day when a new candlestick is created on the 1M chart. Accordingly, the 1M chart will be uploaded as an idea update. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
4
USDT DOMINANCE: HOLDING THE 2ND SUPPORT LEVEL.Hello traders, here's an update on the USDT dominance in 8 hours timeframe. This 8 hours chart looks interesting as the market is making some bullish moves. Recently, we saw the dominance getting rejected from the previous 8.16% support level (currently, a resistance). It dropped close to -5% in the last 24 hours but couldn't break down below the 7.9% support level. Now, this support is crucial for the dominance to hold on to because if this breaks, the USDT.D could drop as low as 7%. For now, the USDT dominance is bouncing back and the RSI is backing up this bounce. If the bounce continues then 8.18% is the resistance and after that, we can expect a drop. Breakout and close above the resistance will invalidate the rejection. That's it for now. I hope this update was helpful to you. Make sure you like, share, and comment. Thank you, guys, and trade safely.
CRYPTOCAP:USDT.D
by Dexter_The_Trader
2
All Eyes On USDT.D 👀Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. USDT.D has been bearish for the past 2 weeks. However, it is currently approaching support zone (7.9% - 8.1%) For the bears to remain in control, we need a daily candle close below the 7.9% In this case, further bearish movement would be expecting till the next support 7% and lower orange trendline. Thus further bullish movements would be expected for the crypto market. Meanwhile, until the bears take over, the 7.9% is acting as support and hold the price upward. If any bullish reversal setup is activated and/or if we break above the upper red trendline, then expect further bullish movement. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
CRYPTOCAP:USDT.D
by TheSignalyst
7
Bitcoin (BTC) - November 30Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) (BTC.D 1D chart) What the BTC dominance chart can tell you is whether funds are currently concentrated towards BTC or towards altcoins. A drop in BTC dominance below 39.55 will increase the likelihood of sharp volatility. (USDT.D 1D chart) The decline in USDT dominance tells us that the coin market is likely to move up. In this sense, the key is whether USDT dominance can fall below 7.86. --------------------------------------- (BTCUSDTPERP 1D Chart) A new support and resistance point is forming at 16422.6. Therefore, the key is whether you can rise with support in the 16422.6-16729.8 section. If not, you need to make sure you get support around 15908.2. It is unknown what kind of movement will be made to gain the strength of the rise, but I think the important thing depends on the inflow of funds from the coin market. If this week's candlestick closes with a lower candlestick, we expect more fresh volatility to begin. At this time, the important thing is that new funds must continuously come in through USDT. If it doesn't fall, but finds support near 16422.6-16729.8 and starts moving higher, I would expect it to touch the 17670.0-8741.7 section as a short-term bullish move. The first hurdle to do so lies in whether the MS-Signal indicator can be broken upward. The next period of volatility is around December 10th. (1h chart) The circled zones on the chart are important support and resistance zones. If the price is below the M-Signal line on the 1D chart, the main position is 'SHORT'. Therefore, a quick response is required when entering a 'LONG' position. As the -100 indicator on the 1D chart began to form at 16422.6 It is judged that the 1.414 (16362.6, trend-based Fibonacci extension point) to 16729.8 has become a more important support and resistance zone. Therefore, it is highly likely that the trend will continue to break out of this range, so be careful when entering a position. If it rises above 16729.8, it is important to touch the M-Signal line on the 1D chart and find support at or above the 16580.6-16729.8 section. If it rises above the M-Signal line on the 1D chart, it is expected to rise to around 17670.0. If not, you should see support near 15908.2 leading to further declines. If it falls below 16327.6, 1st: 15908.2 2nd: 15328.7 3nd: 14824.3 You need to make sure that you are supported nearby. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
Bitcoin (BTC) - November 29Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) (BTC.D 1D chart) A drop in BTC dominance means that money is being concentrated towards altcoins. Therefore, be aware of the price volatility of BTC. (USDT.D 1D chart) In order for the coin market to show an upward trend, USDT dominance must fall. So, the question is whether it can drop to around 7.86. ----------------------------------------- (BTCUSDT 1D chart) It is necessary to check whether there is movement out of the 15916.68-16590.54 section. If the price stays above the HA-Low and above the MS-Signal indicator, we would expect it to rise above 17176.24 during the volatility period. Circled zones mark important support and resistance zones. In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement carefully. Taking the BTC.D, USDT.D, BTCUSDT, and BTCUSDTPERP charts together, we expect the next period of volatility to span around November 22-28 (November 21-29). ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If this chart is shared, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
2
USDT DOMINANCE: STILL UNDER THE SUPPORT.Hello traders, here's a quick update on USDT dominance. We saw how the USDT.D made a sudden move lately and now it is dropping down again which means BTC and other altcoins are in green. Things may look good as the market is rallying up but let us not ignore the support that the dominance is holding. If the USDT.D breaks below the 8.18% support level, we may consider some good moves in the market. If you are scalping this current market then it is better to book the profits as much as possible. That's it for now. I will update more on it according to the market trend. Trade safely.
CRYPTOCAP:USDT.D
by Dexter_The_Trader
3
Bitcoin (BTC) - November 28Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) (BTC.D 1D chart) What the BTC dominance chart can tell you is whether funds are currently concentrated towards BTC or towards altcoins. A drop in BTC dominance below 39.55 will increase the likelihood of sharp volatility. (USDT.D 1D chart) The decline in USDT dominance tells us that the coin market is likely to move up. In this sense, the key is whether USDT dominance can fall below 7.86. During the volatility period, we need to see if it shows a hopeful move by falling below the 8.11-8.22 zone. --------------------------------------- (BTCUSDTPERP 1D Chart) The key is whether the price can rise above the HA-Low line and sustain the price. Therefore, it is important whether it can rise above the 16580.6-16729.8 section. The overall volatility period on the BTC.D, BTCUSDT and BTCUSDTPERP charts is November 21-29. (1h chart) The circled zones on the chart are important support and resistance zones. If the price is below the M-Signal line on the 1D chart, the main position is 'SHORT'. Therefore, a quick response is required when entering a 'LONG' position. It is moving sideways in the 16327.6-16729.8 section. If it rises above 16729.8, it is important to touch the M-Signal line on the 1D chart and find support at or above the 16580.6-16729.8 section. If it rises above the M-Signal line on the 1D chart, it is expected to rise to around 17670.0. If not, you should see support near 15908.2 leading to further declines. If it falls below 16327.6, 1st: 15908.2 2nd: 15328.7 tertiary: 14824.3 You need to make sure that you are supported nearby. ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If this chart is shared, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
2
USDT DOMINANCE: HANGING BY A THREAD.Hello awesome people. I hope you all are doing great. Things are pretty uncertain as the market has hovered around the same level for the last 5 days. For instant, look at this USDT dominance chart. It looks similar to the descending triangle, breaking down below the support level, retesting, and rejecting. Chart-wise, it looks bearish but if we look at the RSI levels, it is close to the oversold zone. It is quite possible that we may see a few more reds close to 8% letting the traders believe that it is a bearish confirmation and then bang, a quick pump out of nowhere. Now, I wanna be wrong in this case but I never play with my emotions, I always follow the chart patterns and the fundamentals. So, as per the current market scenario, I would like to step aside and let the market make its first move which is the weekly close. What do you have to say about the current market scenario?
CRYPTOCAP:USDT.D
by Dexter_The_Trader
1
Bitcoin (BTC) - November 27Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) (BTC.D 1D chart) A drop in BTC dominance means that money is being concentrated towards altcoins. Therefore, be aware of the price volatility of BTC. (USDT.D 1D chart) The key is whether it can drop to around 7.86. On the USDT dominance chart, the volatility period is November 25-27. ----------------------------------------- (BTCUSDT 1D chart) The question is whether the price can be maintained at least above 16590.54. If not, be cautious as there is a possibility of a decline during the volatility period of November 27-29. If it goes down, it is important to find support around 15916.68. If the price stays above the HA-Low and above the MS-Signal indicator, we expect it to rise above 17176.24 during the volatility period. Circled zones mark important support and resistance zones. In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement carefully. Taking the BTC.D, USDT.D, BTCUSDT, and BTCUSDTPERP charts together, we expect the next period of volatility to span around November 22-28 (November 21-29). ------------------------------ - big picture I think you need to be supported in the 13K-15K section to get the power to rise. Therefore, whether it is rising or falling from its current position, a short-term response is required. A full-fledged uptrend is expected to start when it rises above 29K. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto