Bitcoin (BTC) - December 18 (with 1D chart)
Updated
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You need to make sure you get support at 22831.84.
It's time to see if you can climb above the 23502.86 point, following the uptrend line, following the path shown on the chart.
If you break off the route, you need to make sure you are supported in the section 21632.57-22256.0.
If you move down at 21632.57, we have to see if we can gain support and move higher between 20319.51-20585.79.
You need to see where you are getting support after the date and time shown on the chart.
(1D chart)
We have to see if we can ascend above 23502.86 points.
If it falls, we need to make sure we get support in the 21632.57-22256.0 range.
You also have to see if you can move up along the uptrend line (6).
If you go down at 21632.57, you need Stop Loss to preserve your profits and losses, and you need to think about how to do this.
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(Coinbase BTCUSD 1D chart)
We have to see if we can ascend above 23474.30.
If it falls, we need to make sure we get support from 21612.58-22233.15.
You also have to see if you can move up along the uptrend line (5).
If you go down at 21612.58, you need Stop Loss to preserve your profits and losses, and you need to think about how to do this.
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(OKEX BTCUSDT 1D chart)
We have to see if we can ascend above 23296.8 points.
If it falls, we need to make sure it is supported in the 21482.1-22087.0 range.
You also have to see if you can move up along the uptrend line (5).
If you go down at 21482.1, you need a Stop Loss to preserve your profits and losses, and you need to think about how to do this.
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(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.
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(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.
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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)
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 get support at 22831.84.
It's time to see if you can climb above the 23502.86 point, following the uptrend line, following the path shown on the chart.
If you break off the route, you need to make sure you are supported in the section 21632.57-22256.0.
If you move down at 21632.57, we have to see if we can gain support and move higher between 20319.51-20585.79.
You need to see where you are getting support after the date and time shown on the chart.
(1D chart)
We have to see if we can ascend above 23502.86 points.
If it falls, we need to make sure we get support in the 21632.57-22256.0 range.
You also have to see if you can move up along the uptrend line (6).
If you go down at 21632.57, you need Stop Loss to preserve your profits and losses, and you need to think about how to do this.
--------------------------------------------------
(Coinbase BTCUSD 1D chart)
We have to see if we can ascend above 23474.30.
If it falls, we need to make sure we get support from 21612.58-22233.15.
You also have to see if you can move up along the uptrend line (5).
If you go down at 21612.58, you need Stop Loss to preserve your profits and losses, and you need to think about how to do this.
------------------------------------------------
(OKEX BTCUSDT 1D chart)
We have to see if we can ascend above 23296.8 points.
If it falls, we need to make sure it is supported in the 21482.1-22087.0 range.
You also have to see if you can move up along the uptrend line (5).
If you go down at 21482.1, you need a Stop Loss to preserve your profits and losses, and you need to think about how to do this.
------------------------------------------
(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)
Note
(Binance BTCUSDT 1h chart)Sideways along the section 22831.84-23003.31.
You should check for movements that deviate from 21632.57-23502.86 after around December 19th of the time indicated on the chart.
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