Bitcoin (BTC) - December 20
Hello?
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We have to see if we can get support at 23502.86 and climb to 24749.72-25373.14.
Currently, it is attempting to break above the previous high of 23800.0.
You need to make sure you can get support at point 23800.0.
BTC price is on the rise.
In this case, as the price increases, you must mechanically change the Stop Loss point and place a pre-order.
You have to think about the rate of Stop Loss and the degree of splitting, and think about how to implement it so that you can trade in a stable manner without panic when a plunge occurs.
If it falls from 23502.86, it is a short-term Stop Loss.
If it declines at 21632.57, a Stop Loss is required to preserve profit and loss.
Stop Loss mentioned above is the biggest and most important point.
It is recommended to place a pre-order after thinking about how to execute Stop Loss within this range.
In the wRSI_SR indicator, there is a red inverted triangle for 5 consecutive days.
This means that overbought continues.
I think there can be a plunge at any time.
Therefore, I think it's time to think about the realization of profits through division by considering your own evaluation price and weight.
This makes it possible to continue trading in a stable way as a way to escape the psychological anxiety of rising prices.
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(Coinbase BTCUSD 1D chart)
We have to see if we can get support at 23474.30 and move up to 24715.45-25336.02
If it falls at 23474.30, it is a short-term Stop Loss.
If it falls from 21612.58, it is a Stop Loss to preserve profit and loss
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(OKEX BTCUSDT 1D chart)
We'll see if we can get support at 23296.8 and climb to the 24506.6-25111.5 range.
If it falls at 23296.8, it is a short-term Stop Loss.
If it falls at the 21482.1 point, a Stop Loss is needed to preserve profit and loss.
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(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.
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(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.
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** 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)
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 climb to 24749.72-25373.14.
Currently, it is attempting to break above the previous high of 23800.0.
You need to make sure you can get support at point 23800.0.
BTC price is on the rise.
In this case, as the price increases, you must mechanically change the Stop Loss point and place a pre-order.
You have to think about the rate of Stop Loss and the degree of splitting, and think about how to implement it so that you can trade in a stable manner without panic when a plunge occurs.
If it falls from 23502.86, it is a short-term Stop Loss.
If it declines at 21632.57, a Stop Loss is required to preserve profit and loss.
Stop Loss mentioned above is the biggest and most important point.
It is recommended to place a pre-order after thinking about how to execute Stop Loss within this range.
In the wRSI_SR indicator, there is a red inverted triangle for 5 consecutive days.
This means that overbought continues.
I think there can be a plunge at any time.
Therefore, I think it's time to think about the realization of profits through division by considering your own evaluation price and weight.
This makes it possible to continue trading in a stable way as a way to escape the psychological anxiety of rising prices.
-------------------------------------------------- ----
(Coinbase BTCUSD 1D chart)
We have to see if we can get support at 23474.30 and move up to 24715.45-25336.02
If it falls at 23474.30, it is a short-term Stop Loss.
If it falls from 21612.58, it is a Stop Loss to preserve profit and loss
------------------------------------------------
(OKEX BTCUSDT 1D chart)
We'll see if we can get support at 23296.8 and climb to the 24506.6-25111.5 range.
If it falls at 23296.8, it is a short-term Stop Loss.
If it falls at the 21482.1 point, a Stop Loss is needed to preserve profit and loss.
------------------------------------------------
(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)
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