Bitcoin (BTC, including short-term strategy) - December 9
Updated
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It fell from the short-term stop loss point of 18751.0 and touched below the 18280.5 point.
You need to see if you can gain support and rise at the uptrend line (2) or between 17422.0-18280.5
If it declines at 17422.0, a Stop Loss is required to preserve profit and loss.
If it is supported at 18195.0, it is a new entry point.
I think this is the point where we reserve the strength to rise above the 20093.0 point.
However, if you fail to receive support in the 17422.0-18280.5 section, you can touch the 15979.0 point, so you must check whether you are supported.
It remains to be seen if it rises after around December 10th along the uptrend line (2).
After touching the 20093.0 point, we believe that movements will determine further upsides or turnarounds.
It is expected that the first attempt to break through the 2009 3.0 point will be made after around December 14th.
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(BTC Dominance 1D Chart)
We must see if we can get resistance at the uptrend line (5) and move downward.
If it does not rise above the uptrend line (5), it is expected to fall below the 63.38 point.
It is expected that the direction will be decided while sideways from 61.20 to 62.12, but it is showing an upward trend after touching it.
As such, I think the current BTC price point is telling us that it is a difficult price range.
In order for altcoin price to rise, BTC dominance must fall.
Also, if it falls below the 63.38 point, I think the altcoin price will rise more quickly.
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(USDT Dominance 1D Chart)
We must see if we can get resistance at the downtrend line (2) and move down.
We need to see if we can get resistance and move downward at the downtrend line (1)-(3), which is the underlying downtrend channel.
It remains to be seen if it can drop to the 3.285-3.374 section around December 15th.
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** 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.
-------------------------------------------------- -----
It fell from the short-term stop loss point of 18751.0 and touched below the 18280.5 point.
You need to see if you can gain support and rise at the uptrend line (2) or between 17422.0-18280.5
If it declines at 17422.0, a Stop Loss is required to preserve profit and loss.
If it is supported at 18195.0, it is a new entry point.
I think this is the point where we reserve the strength to rise above the 20093.0 point.
However, if you fail to receive support in the 17422.0-18280.5 section, you can touch the 15979.0 point, so you must check whether you are supported.
It remains to be seen if it rises after around December 10th along the uptrend line (2).
After touching the 20093.0 point, we believe that movements will determine further upsides or turnarounds.
It is expected that the first attempt to break through the 2009 3.0 point will be made after around December 14th.
---------------------------------------------
(BTC Dominance 1D Chart)
We must see if we can get resistance at the uptrend line (5) and move downward.
If it does not rise above the uptrend line (5), it is expected to fall below the 63.38 point.
It is expected that the direction will be decided while sideways from 61.20 to 62.12, but it is showing an upward trend after touching it.
As such, I think the current BTC price point is telling us that it is a difficult price range.
In order for altcoin price to rise, BTC dominance must fall.
Also, if it falls below the 63.38 point, I think the altcoin price will rise more quickly.
------------------------------------------------
(USDT Dominance 1D Chart)
We must see if we can get resistance at the downtrend line (2) and move down.
We need to see if we can get resistance and move downward at the downtrend line (1)-(3), which is the underlying downtrend channel.
It remains to be seen if it can drop to the 3.285-3.374 section around December 15th.
-------------------------------------------------- -------------------------------------------
** 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
(CME Bitcoin (BTC1!) 1D chart)It started with a fall in the gap (18865.0-18685.0).
It started by breaking through the 18850.0 point, a short-term stop loss point, with a gap drop.
It remains to be seen if it can gain support around the 10th-18th of December and the uptrend line (1) or between 17470.0-17090.
If it falls from 17470.0 point, a Stop Loss is required to preserve profit and loss.
However, a careful trek is necessary, as it must fall below the 16845.0 point in order to make a trend change.
Note
(XBTUSD 1h chart)-Short term strategy
The old short-term strategy is in effect, so keep the old short-term strategy.
It remains to be seen if it can break above the downtrend line (6) around December 9-11 as shown in the chart.
(LONG)
1. Entry point: When breaking above the 19314.0 point
Target point: 1st 19807.5 or higher, 2nd 20093.0 or higher
Stop Loss: 19149.5 point
(However, if it falls without breaking above the uptrend line (1), it is Stop Loss.)
2. Entry point: When breaking above the 18492.0 point
Target point: 18821.0 point or higher
Stop Loss: 18327.5 point
(However, if it falls without breaking above the 18751.0 point, it is a Stop Loss.)
(SHORT)
1. Entry point: When breaking below 18327.5 point
Target point: 17834.0 point or less
Stop Loss: 18492.0 point
(However, if it rises without breaking below 18195.0, it is Stop Loss.)
2. Entry point: When breaking down from 19149.5 point
Target point: 18821.0 point or less
Stop Loss: 19314.0 point
(However, if it rises without breaking below the 18962.0 point, it is a Stop Loss.)
Note
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
The old short-term strategy is in effect, so keep the old short-term strategy.
(LONG)
1.Entry point: When it exceeds 19286.8 point
Target point: 19698.6 point or higher
Stop Loss: 19121.7 point
2. Entry point: When breaking above the 18461.1 point
Target point: 1st 18791.4 point or higher, 2nd 19056.4 point or higher
Stop Loss: 18296.0 point
(SHORT)
Entry point: When breaking below 18296.0 point
Target point: 17879.8 point or less
Stop Loss: 18461.1 point
Note
(BAKKT Bitcoin (BTM1!) 1D chart)It started with a fall in the gap (18842.5-18280.0).
We'll have to see if we can gain support and move up either at the uptrend line (1) or at 17567.5-18220.5.
If it declines at 17567.5, a Stop Loss is required to preserve profit and loss.
You need to see if it rises along the uptrend line (1).
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