Bitcoin (BTC) - December 14
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We have to see if we can climb above the 19300.0 point.
If it falls at 18719.11, it is a short-term Stop Loss.
A break above 18719.11-19300.0 is expected to rise above 19798.68.
If it is supported above 19798.68, it is expected to attempt to enter the 20K range.
If it succeeds in entering the 20K range, it is expected that the next direction will be decided in the section 21632.57-22256.0.
(This was calculated from the'Pull Back' pattern caused by the decline around November 26 and applied to the current Fibonacci retracement ratio point.)
If it fails to rise above the 18719.11-19300.0 range and falls from the uptrend line (5) around December 17th, I think there is a possibility that it will lead to a downtrend.
So, I think it's a good idea to stop trading and check the flow until around December 18th (December 17-19), which I mentioned in the XBTUSD chart description.
Looking at the wRSI_SR indicator, the rise is coming out according to the flow mentioned previously.
It is expected to rise above the 19300.0 point as the RS line is expected to rise above 50 and above 80 to maintain a short-term uptrend.
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(Coinbase BTCUSD 1D chart)
We have to see if it can rise above the 19385.0 point.
If it falls from 18721.93, it is a short-term Stop Loss.
If it gets support at the 19385.0 point, an attempt is expected to break above the 19891.99 point.
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(OKEX BTCUSDT 1D chart)
You need to make sure you get support at 19050.4
If it falls from 18688.8, it is a short stop loss.
If it is supported at 19050.4, an attempt to break above the 19667.3 point is expected.
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(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).
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(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.
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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: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We have to see if we can climb above the 19300.0 point.
If it falls at 18719.11, it is a short-term Stop Loss.
A break above 18719.11-19300.0 is expected to rise above 19798.68.
If it is supported above 19798.68, it is expected to attempt to enter the 20K range.
If it succeeds in entering the 20K range, it is expected that the next direction will be decided in the section 21632.57-22256.0.
(This was calculated from the'Pull Back' pattern caused by the decline around November 26 and applied to the current Fibonacci retracement ratio point.)
If it fails to rise above the 18719.11-19300.0 range and falls from the uptrend line (5) around December 17th, I think there is a possibility that it will lead to a downtrend.
So, I think it's a good idea to stop trading and check the flow until around December 18th (December 17-19), which I mentioned in the XBTUSD chart description.
Looking at the wRSI_SR indicator, the rise is coming out according to the flow mentioned previously.
It is expected to rise above the 19300.0 point as the RS line is expected to rise above 50 and above 80 to maintain a short-term uptrend.
-------------------------------------------------- -
(Coinbase BTCUSD 1D chart)
We have to see if it can rise above the 19385.0 point.
If it falls from 18721.93, it is a short-term Stop Loss.
If it gets support at the 19385.0 point, an attempt is expected to break above the 19891.99 point.
-------------------------------------------------
(OKEX BTCUSDT 1D chart)
You need to make sure you get support at 19050.4
If it falls from 18688.8, it is a short stop loss.
If it is supported at 19050.4, an attempt to break above the 19667.3 point is expected.
------------------------------------------------
(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)
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