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Bitcoin Futures

Bitcoin Futures Another Symmetrical TriangleBitcoin CME Futures are so gappy these days because of the high volatility during the weekends, so I decided to write my own script to follow them. This last one is looking like an exhaustion gap after having a breakout gap on lower levels. But currently, there is a symmetrical triangle, which if broken downside we might test the gap support line at 26,645$. However, if broken upside we might try making a double top or just go around 36,000$. I am being very careful with my positions on these levels, I am waiting for confirmation with a candle close or very high volume supporting the break. Let's see if we are finally going to get the retracement that everyone is waiting for.
CME:BTC1!
by mmladenoff
Bitcoin (including BTC, short-term strategy) - January 6Happy New Year!!! 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. -------------------------------------------------- ----- The volatility around January 7th (January 6-8) will have to see if there is any movement that deviates from the 32675.0-36378.0 range. You also need to see if you can climb above the 34526.5 point to gain support. If it falls into the 27039.5-29350.0 interval, it is likely to turn into a downtrend. Therefore, if it falls between 28972.0-29589.0, Stop Loss is necessary to preserve profit and loss. From the wRSI_SR indicator, the RS line is falling below 50. If the RS line rebounds here and rises more than 50, it must rise more than 80. If not, there is a high possibility that it will decline as the arrow flows. If it falls as the arrow flows, a lot of decline is expected. Accordingly, careful trading is necessary. The period to be checked for this movement is around January 7th-January 15th. On the CCI-RC indicator, you need to see if the CCI line can remain above the EMA line and can rise along the uptrend line. ----------------------------------------------- (BTC Dominance 1D Chart) You should watch for any movement that deviates from the 67.44-69.80 range. ------------------------------------------------ (USDT Dominance 1D Chart) We need to see if we can drop below the 2.349 point and get resistance. You should watch the movement between January 5th and 10th. If it rises above 2.842 points, it is possible that the coin market is ready to turn to a downtrend. If it falls below the 2.349 point, I think it may lead to a'don't ask buy'. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** 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 or losses can be preserved or additionally entered through installment transactions. It is 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (including BTC, short-term strategy) - January 5Happy New Year!!! 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. -------------------------------------------------- ----- Volatility occurred from 34896.0 point to 27650.0. It remains to be seen if the volatility around January 7th after a sideways movement in the 30823.5-32058.0 section can increase. You need to see if you can climb along the uptrend line (6) between around 7th and 15th January. If you touch or not touch the uptrend line (6), and if it rises, it is expected to continue the uptrend. However, if it falls from the uptrend line (6), it is expected to touch the uptrend line (1). If there is a flow of this, I will tell you then. If it falls between 28972.0-29589.0, Stop Loss is required to preserve profit and loss. This is because if it falls between 27039.5-29350.0, it is highly likely to turn into a downtrend. It seems that we will be able to see if there is a move to increase the price higher or to decrease it. More important than anything else, is there a way to deal with the ongoing investment? If you don't yet have a way to deal with rising and falling prices, you need to think ahead. From the wRSI_SR indicator, the RS line is falling below 80 as it breaks below the SR line. If you touch the uptrend line (a), volatility may occur once again. At this point, you need to make sure that the BTC price is supported at 30823.5. ------------------------------------------------ (BTC Dominance 1D Chart) We'll see if we can get resistance at 69.80 and drop below 67.44. I think that the rise and fall of BTC dominance is not related to the rise and fall of the BTC price, but to the rise and fall of the altcoin price. Therefore, I think it has little to do with the decline in BTC price this time. If BTC dominance falls below the 67.44 point, the altcoin price is likely to be on an upward trend. Also, if it falls below the 63.38 point, the coin market is likely to be bullish. Therefore, it is not possible to predict the rise and fall of BTC price on the BTC dominance chart. ------------------------------------------------- (USDT Dominance 1D Chart) You should watch for movements that deviate from 2.349-2.754 between about January 5th and 10th. Specifically, you need to see if you can get resistance at the downtrend line (6). If the wRSI_SR indicator's short-term uptrend is resisted at the downtrend line (6), it is highly likely to lead to further declines. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** 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 or losses can be preserved or additionally entered through installment transactions. It is 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 do not trade 24 hours a day. G1: closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
2
Bitcoin (BTC) - January 4 (including 1M, 1W charts)Happy New Year!!! 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. -------------------------------------------------- ----- (1M chart) If it falls in the 27039.5-29350.0 interval, I think it is highly likely to turn into a downtrend. On the wRSI-SR indicator, the RS and SR lines are located in the overbought section. Accordingly, it is expected to turn into a downtrend. (1W chart) I don't know if it makes any sense to compare, but the big wave and the flow of the wRSI_SR indicator show a similar flow. The rise in prices appears to be about three times larger than in 2019. Looking at the CCI_RC indicator, the CCI line has risen from 0 to over 100 in 2019, and is rising over 100 in 2020. (1D chart) You should watch for any movement that deviates from the 32675.0-34526.5 section. If it falls from 32058.0, it is better to respond with a short stop loss if possible. From the wRSI_SR indicator, volatility is expected around January 15th. To do this, you need to check in which section you are crossing. It remains to be seen if the volatility around January 7th causes any movement outside the 30823.5-34526.5 range. I think the ideal sidewalk is the sidewalk in the 32058.0-32675.0 section or above. If it falls below the uptrend line (6), I think the uptrend is likely to close. ----------------------------------------------- (BTC Dominance 1W Chart) You should watch for any movement that deviates from the 69.80-75.13 segment. -------------------------------------------------- - (USDT Dominance 1D Chart) It remains to be seen if it can fall below the 2.349-2.406 section, the important section near the middle. Between January 5th-1st and 10th, we have to watch for movements that deviate from the 2.349-2.754 section. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** 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 or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market or 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (BTC, including short-term strategy) - January 3Happy New Year!!! 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. -------------------------------------------------- ----- The Fibonacci retracement ratio designation point has been changed due to a large increase in price. Accordingly, there is a change in the point of the previous Fibonacci retracement rate. You need to make sure you can get support in the 32058.0-32675.0 section. If you fall from 32058.0 point, you can touch 30823.5 point, so you need to trade carefully. Accordingly, it is advisable to prepare a countermeasure for the application of short-term stop loss. If it falls between 28972.0-29589.0, Stop Loss is required to preserve profit and loss. However, you can touch and climb 27039.5 points, so you need to trade carefully. If it falls from the 27039.5 point, it is expected that the rebound will eventually turn into a downward trend. In the wRSI_SR indicator, the RS and SR lines are above 80 and are located in the overbought section. Accordingly, it is expected to turn into a short-term downtrend in the near future. There is a possibility of further gains as the SR line rises above 80 and breaks above the previous uptrend line. Therefore, you should check the movement between around 7th and 15th January. When it turns to a short-term downtrend, you need to make sure the CCI line is above the EMA line. ------------------------------------------------- (BTC Dominance 1D Chart) BTC dominance is on the rise as USDT dominance continues to decline. It shows that all funds are concentrated in BTC. If the USDT dominance rises in the current situation, I think there may be a sharp decline. Accordingly, it is recommended to watch the USDT Dominance Chart as well. It remains to be seen if it will hit the 75.13 point, which is expected to rise to the maximum. Although the BTC price continues to rise, it is necessary to check where altcoins are priced when the BTC price is moving sideways for a while. This means that all funds cannot be concentrated in BTC forever, so you have to watch the price change of altcoins you want to invest among altcoins for later. We need to see if BTC dominance can get resistance at point 72.54. -------------------------------------------------- - (USDT Dominance 1D Chart) Volatility around January 1 filled the 2.726-3.596 gap that occurred on August 31. You should see if you touch the 2.349-2.406 section. You should check the flow between January 5th and 10th. (1W chart) A point above 2.842 is a point toward the high point, and a point below 2.349 is a point toward the low point. A lot of money flowed into the coin market, and it seems that most of the money was used to buy coins. We don't expect the decline below the 2.349 point, but if it falls, a bigger bull market is expected. It remains to be seen how much greater usage will emerge as most of the funds are currently concentrated in BTC. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** 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 or losses can be preserved or additionally entered through installment transactions. It is 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
2
Bitcoin (BTC, including short-term strategy) - January 2Happy New Year!!! 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 should watch for any movement that deviates from the 28233.5-30224.0 section. If it falls at 28233.5, it is a short-term Stop Loss. You can temporarily touch near the 27039.5 point and climb, so you need to trade carefully. It remains to be seen if volatility around January 3-7 can rise along the uptrend line (6). From the wRSI_SR indicator, the SR line is at 78.9. If it rises above 80 and fails to enter the overbought zone, there is a possibility of a short-term downtrend. If there is an upward flow of 80 or more, there is a possibility of a rise that breaks the existing upward flow. Regardless of which direction you move, you should always have a countermeasure in both directions. -------------------------------------------------- ---- (BTC Dominance 1D Chart) It remains to be seen if it can move below the 69.80 point. After the plunge in XRP, the flow of BTC dominance appears to have broken. Therefore, it seems that you should not try to grasp the meaning, just check whether it rises or falls. With the continued decline in USDT dominance, it seems that the money in the coin market is being used to buy coins. Therefore, it is necessary to check the price flow of altcoins in the sideways BTC price and the upcoming short-term downtrend. -------------------------------------------------- - (USDT Dominance 1D Chart) It is falling below the 2.754 point. We have to see if we can move down along the downtrend line (6). You should check for movement between January 5th and 10th. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** 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 transactions. It is 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
2
Bitcoin (BTC, including short-term strategy) - January 1Happy New Year!!! 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 and climb at 28233.5. If it falls at 28233.5, it is a short-term Stop Loss. However, you need to trade carefully as you can touch the 27039.5 point or the uptrend line (6) and rise during the volatility period of January 2-8. If it falls from the 25579.5 point, a Stop Loss is required to preserve profit and loss. From the wRSI_SR indicator, the RS line touched 100, and a red inverted triangle was displayed. Accordingly, it is expected to turn into a short-term downtrend in the near future. In this short-term downtrend, we need to see if the BTC price is supported by the 26243.0-28233.5 range. Large volatility can occur as the volatility period of January 2-8 overlaps with the possibility of a short-term downtrend in the wRSI_SR indicator, so you need to set up support and resistance points and put your thoughts on how to trade later. A'Pull Back' pattern that rises while touching the 21800.0-24350.5 section may appear, so you should also consider countermeasures. You need to check the price movement of altcoins. Currently, most of the altcoins are moving sideways near important support points. Accordingly, we must see if the power being stored can rise as it radiates. -------------------------------------------------- ----- (BTC Dominance 1D Chart) We have to see if we can get below the 69.80 point. In order for altcoin price to rise, BTC dominance must fall. We need to see if volatility around January 1st could cause BTC dominance to decline. -------------------------------------------------- (USDT Dominance 1D Chart) We have to see if we can get below the 2.754 point. If it falls below the 2.726 point, it fills the gap that occurred on August 31st. You need to see if you can continue to fall along the downtrend line (6). -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** 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 transactions. It is 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
1
BTC is likely to produce the first weekly line gap Bitcoin continues to hit new highs, which should be a happy day for all the bulls. But we all know that when you're accelerating, you're also getting close to the top. After topping $20,000, bitcoin was rising at a rate of almost $1,000 a day. Due to the technical problem of the weekend suspension of CME, there was a weekly level jump opening on Monday. If this gap is not filled by the end of the week, it becomes the first weekly line level gap. We all know that the CME has generated 3 daily line level gaps prior to this, and none of them have been patched up. But in 2018-19, the CME's Bitcoin contracts have always had gaps to fill. Now we are going to look at what happens when the CME produces a circular gap. For now, most people are likely to see bitcoin in need of adjustment, but it's not clear when that adjustment will begin or what form it will take. If this adjustment occurs next week, that is, after the confirmation of the cME weekly line gap, and is in the form of a large waterfall adjustment. Then a classic K - line shape may appear here - floating island. Those of you who like to study the K line are probably familiar with it. Of course, it's just a guess at the moment, depending on where bitcoin goes. Suggestion: At present, the gap between the long and short of the market is getting bigger and bigger, the contract position is also increasing, the shanzhai currency began to stagflate, THE XRP storm continues, the market risk is intensified, it is suggested that investors keep enough sense. Don't be the last to pay.
CME:BTC1!
by peter-l
1
Bitcoin (including BTC, short-term strategy) - December 31Hello? 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 need to see if we can get support and climb at 28233.5. It remains to be seen if the volatility around January 7th, after a sideways movement in the 28233.5-30224.0 interval, can rise along the uptrend line. If you go down at 28233.5, you have to think about whether you can set a short stop loss between 27039.5-28233.5. Touch the uptrend line (6) around January 3-7 and be aware of the volatility that occurs. --------------------------------------------- (BTC Dominance 1D Chart) We have to see if we can get below the 69.80 point. ------------------------------------------------ (USDT Dominance 1D Chart) We have to see if we can get below the 2.754 point. We need to see if it will drop below the 2.726 point and fill the gap that occurred on August 31st. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** 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 or losses can be preserved or additionally entered through installment transactions. It is 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (BTC, including short-term strategy) - December 30Hello? 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 need to see if we can get support and climb in the 25579.5-26243.0 range. If it falls from the 25579.5 point, it is a short-term Stop Loss. Touch the uptrend line and be aware of the volatility that occurs. This is because this volatility could fall below the 25579.5 point. If it falls from the 24252.5 point, you need a Stop Loss to preserve profit or loss. However, there may be a large'Pull Back' pattern that gains support and rises between 21800.0-24350.5. Accordingly, the final Stop Loss point is 21800.0 point. Therefore, since it is a Stop Loss section with a fairly large width, it is necessary to consider the setting in advance when proceeding with the Stop Loss. According to the wRSI_SR indicator, the RS line has risen above 80 and is in the overbought zone. If it falls below 80, it could turn into a short-term downtrend. At this point, you need to see where the BTC price is getting support and resistance. Judging from the wRSI_SR indicator alone, there are times when great volatility can emerge. -When RS line crosses 20, 50, 80 points -When RS line and SR line cross Since the wRSI_SR indicator or CCI-RC indicator is drawn based on the closing price, you must first check the flow of price and volume. Interpretation methods for the indicators in use are explained one by one at an important point in the flow. So, if you read the charts that I publish every day, you can understand all the metrics I use. ------------------------------------------------ (BTC Dominance 1D Chart) It remains to be seen if it can decline at 69.80. -------------------------------------------------- (USDT Dominance 1D Chart) We have to see if we can move down to the 2.754 point. -------------------------------------------------- - (OTHERS Dominance 1D Chart) (Total dominance of remaining coins minus BTC and major coins) We have to see if we can get support at the 6.23 point and turn the trend. It remains to be seen if volatility around January 11 could break above the 6.69 point and the downtrend line (3). It remains to be seen if altcoins can start rising in price. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** 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 or losses can be preserved or additionally entered through installment transactions. It is 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
1
Bitcoin (including BTC, short-term strategy) - December 29Hello? 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 should watch for any movement that deviates from the 26243.0-30224.0 section. If it falls at 25579.5, it is a short-term stop loss. We need a strategy to prepare for this trend, as it is likely to gain support and rise in the 21800.0-24350.5 range. Touch the uptrend lines (6) and (1) and be aware of the volatility that occurs. It is at a price point where it will be so high that it won't be weird anytime the BTC price drops. Therefore, a response plan for the plunge must be in place. As the USDT dominance touched the 2.754 point on December 27th, it seems that altcoins' price movements have become active. Therefore, I think the likelihood that altcoins will be on the uptrend in January has increased. If you always watch the USDT Dominus chart together and trade, I think you will get a lot of help. -------------------------------------------- (BTC Dominance 1D Chart) You should watch for any movement that deviates from the 69.80-75.13 segment. You also need to see if you can drop below the 67.44 point. We believe that the plunge in XRP, which has a high market cap ranking, contributed to the rise in BTC dominance. Therefore, it seems that BTC dominance should only check the flow of decline and rise. (XRP Dominance 1W Chart) It is expected to break below the 1.38 point for the first time after breaking above the 1.38 point in March 2017. ------------------------------------------------- (USDT Dominance 1D Chart) As you move down along the downtrend line (6), you need to make sure it touches the 2.754 point. If it does not rise above the downtrend line (2) or the 3.285 point, the downtrend is expected to continue. We believe that the USDT dominance should fall so that the coin market is likely to be on an uptrend. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** 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 transactions. It is 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
2
Bitcoin (BTC, including short term strategy) - December 28Hello? 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 need to see if we can get support at the 25579.5-26243.0 section and move up along the uptrend line. If it falls at 25579.5, it is a short-term Stop Loss. If it falls from the 24252.5 point, you need a Stop Loss to preserve profit or loss. However, since you can gain support and climb in the 21800.0-24350.5 section, you need to think about how to proceed with Stop Loss. ----------------------------------------------- (BTC Dominance 1D Chart) You should watch for any movement that deviates from the 69.80-75.13 segment. You also need to see if you can drop below the 67.44 point. -------------------------------------------------- - (USDT Dominance 1D Chart) We'll see if we can get resistance at the 2.970 point and see if it can go down. By falling below the 2.842 point, the altcoin price is expected to rise. However, it is still unclear whether that price increase can continue. The next volatility period is around January 1-10. In particular, be aware of the volatility around January 1st (December 31st-January 2nd) and January 10th (January 9th-11th). -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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)
BITMEX:BTCUSD.P
by readCrypto
5
Bitcoin (including BTC, short-term strategy) - December 27Hello? 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 need to see if we can get support and climb in the 25579.5-26243.0 range. If it falls at 25579.5, it is a short-term Stop Loss. If it falls from the 24252.5 point, you need a Stop Loss to preserve profit or loss. However, it may decline to the 21800.0-24350.5 range and then rise, so careful trading is necessary. Unpredictable market conditions continue day after day. In this situation, I think it is better to continue trading with the existing coins rather than increasing new investments. However, there is little trading that can be done because altcoins' movement is slow and fluctuations are small. I think it's a good idea to stop trading for a while if there is movement within the range of support and resistance you have set. If you want to make a new investment in BTC, you also need to be careful. I don't think it is a good idea to invest in the spot market in such a market situation (the market situation where only BTC prices rise significantly). This is because it is located at a significant peak, so every time a price adjustment is made, there is a high likelihood of a stop loss. Therefore, I think it is better to use the Perpetual market or Futures market, which are derivatives. This is a product that can be invested both when it rises and when it falls, so it is located in the peak section, and I think it is worth challenging in the current market situation. If the leverage is 1x, you can trade in an environment similar to the existing spot market. However, you should first study how to invest in derivatives. -------------------------------------------------- - (BTC Dominance 1W Chart) BTC dominance is rising to near 72.54 for the first time since September 2019 Altcoins are showing a significantly lower price increase compared to the BTC price increase. Only some of the altcoins are recording cyclically pumping increases. I don't think it is a normal market situation. -------------------------------------------------- ---- (USDT Dominance 1D Chart) We have to see if we can get below the 2.970 point. You will also need to watch for possible movements that deviate from 2.754-3.374. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (including BTC, short term strategy) - December 25Hello? 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. -------------------------------------------------- ----- With support at 22925.0, it remains to be seen if it can climb along the uptrend line (1). It remains to be seen if the volatility around December 27 could rise above the 24252.5 point. If it falls at the 22261.5 point, a Stop Loss is needed to preserve profit and loss. However, it is possible to temporarily touch and climb the 24273.5-21422.5 section, so careful trading is necessary. If you climb above the 24252.5 point and get support, you can expect a move to ascend to the 25579.5-26253.0 section. ----------------------------------------------- (BTC Dominance 1D Chart) We have to see if we can go down towards the 67.44 point. ------------------------------------------------ (USDT Dominance 1D Chart) We need to see if the volatility between December 24th and 27th will cause any movement to deviate from the 2.970-3.374 range. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (BTC) - December 25Hello? 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 move above the 23800.0 point along the uptrend line (6). If it declines at 21632.57, a Stop Loss is required to preserve profit and loss. Last volatility day around December 24th. Therefore, careful trading is necessary. The next volatility period is from December 29 to January 4. In the wRSI_SR indicator, the RS line has entered the oversold section. It seems that they did a good job defending the price in a short-term downtrend. You need to close the short-term downtrend well and see if you can turn to the short-term uptrend. -------------------------------------------------- - (OKEX BTCUSDT 1D chart) We have to see if we can get support at 23296.8 and rise above 23819.3. You also need to see if you can climb along the uptrend line (5). If it falls at the 21482.1 point, a Stop Loss is needed to preserve profit and loss. The volatility around December 27th (December 26th-28th) will keep an eye out for any movement that deviates from the 22087.0-24506.6 range. -------------------------------------------------- ----- (Coinbase BTCUSD 1D chart) We'll have support at 23474.30 and see if it can move above 23776.94 along the uptrend line (5). If it falls at 21612.58, you need Stop Loss to preserve your profit and loss. ----------------------------------------------- (BTC Dominance 1D Chart) We have to see if we can go down towards the 67.44 point. ------------------------------------------------ (USDT Dominance 1D Chart) We need to see if the volatility between December 24th and 27th will cause any movement to deviate from the 2.970-3.374 range. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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)
by readCrypto
Bitcoin (BTC, including short-term strategy) - December 24Good morning? 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 remains to be seen if it can rise along the uptrend line (1) between around December 27th. You also need to see if you can get support and climb in the 22261.5-22925.0 range. If it falls at 22261.5, it is a Stop Loss to preserve profit and loss. However, you need to trade carefully as you can temporarily touch the 21273.5-21422.5 section and move up. To rise higher, there is a temporary downturn. Conversely, there may be a momentary upward trend in order to fall. The choice of whether to rise while maintaining the uptrend line (1), or change to the uptrend line (2) to increase, is expected to show some degree of volatility around December 27th. I think the price of altcoins in the current coin market is showing a significant decline as bad news overlaps during the volatility period. I think that the coin market is stagnating due to the plunge in XRP, which has a high market cap. Currently, short-term trading of these XRP coins continues. (XRPUSD 1D chart) Once supported in the range 0.20121-0.23264, the coin market is expected to show a stable sideways trend. However, I'm expecting to hit the 0.17407 point at the maximum. If you subtract the flow of XRP and look at the BTC price chart, you can see that it is just moving sideways, and the price change is not that big. It can be said that the news of XRP has further weakened investments in altcoins. While the current fall in altcoin prices can cost those who hold it, it will provide a great opportunity for those who are waiting to buy. -------------------------------------------------- ---- (BTC Dominance 1D Chart) Having risen above 67.44 points, the prices of altcoins have mostly returned to their original position. Unlike August-September 2019, in August-September 2020, BTC dominance is declining. We don't know how these waves will affect the future. However, the waves will continue to come out, and we can only roughly predict the motion that follows. I think it is moving faster in December, which ends 2020. We don't know if BTC dominance will face resistance between 69.80 and 72.54, or 69.80, but if you look at the movement roughly, BTC dominance is expected to decline. I think BTC dominance is correlated with the price change of altcoins. Altcoin's season is expected to begin again. -------------------------------------------------- - (USDT Dominance 1D Chart) I think it is necessary to understand the movement of funds in order to understand the overall flow of the market. As a private trader, I think you should look at the USDT dominance chart to see even the slightest movement of your funds. If the movement of the current coin market looks precarious, I think you are talking about the coin chart that is moving sideways from the highs. There has always been a sideways section, and the sideways section will come out again in the future. I think the USDT Dominance Chart will give you an idea of ​​the future direction when the coin market is on the sideways. Looking at the current USDT dominance chart, there is a downtrend going on. This downward trend can predict that funds are flowing into the coin market. Thus, you can see that the funds are being used to buy coins. It occurred due to a gap increase on August 31, 2020, and is currently located within the 2.726-3.596 gap. If USDT dominance is below the 3.596 point by the end of this year, further declines are expected. For a more stable movement, I think it's better to get resistance at the uptrend line (6) or at 3.285-3.374. -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin (BTC, including short term strategy) - December 23Hello? 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. -------------------------------------------------- ----- The coin market is showing a new trend with the volatility generated by touching the uptrend line (1). It is said that BTC dominance has risen by more than 67.44 points, creating an environment in which a plunge can occur at any time. Therefore, I think it is necessary to prepare a device that can be prepared in case by setting Stop Loss at a point where one can endure. All trading must be done in installments. I think that if there is no preparation for the downturn, you will always trade in an anxious mental state. Therefore, you must think about the target price and stop loss point before entering. These target prices and Stop Loss points can be set at a price that you can withstand. If you set this up, you will set it according to the flow of the chart later. The XBTUSD chart shows that a rise above 24252.5 points must be supported to hold expectations for further gains. You'll have to see if there can be any movement according to the arrows drawn on the price chart. If it falls at the 22261.5 point, a Stop Loss is needed to preserve profit and loss. However, you can touch the 21273-21422.5 section and rebound, so you need to trade carefully. Anyone trades to earn a profit. However, not everyone can earn money. Therefore, I think that rather than trading to earn profits, you should trade without loss. If you are prepared for losses, I am confident that someday it will turn into profits. ------------------------------------------------ (BTC Dominance 1D Chart) It is on the rise after breaking above the 67.44 point. We have to see if we can get below the 67.44 point. If BTC dominance rises as the price of BTC declines, I think it is likely to cause a plunge. However, looking at the current trend, as the BTC price rises, the BTC dominance is also rising. If the BTC price rises to some extent (more than 23837.5 points on the XBTUSD chart), I think there is a possibility that BTC dominance will decline as the altcoin price rises. However, from 67.44 point or higher, it is a section that is likely to turn into a downtrend, so you should always check the flow of the coin market. -------------------------------------------------- ---- (USDT Dominance 1D Chart) It remains to be seen if the USDT dominance can hit resistance and decline at 3.285. I think the chart you should look at along with BTC price and BTC dominance is the USDT dominance chart. I think the USDT dominance chart shows the movement of funds in the coin market. Therefore, it is necessary to confirm the movement of BTC dominance beforehand. If USDT dominance moves sideways or falls below the 3.285-3.374 range, it can be said that the coin market is unlikely to turn into a downtrend. We need to see if the volatility between December 24th and 27th will cause any movement to deviate from the 2.970-3.374 range. Accordingly, you should get resistance at the uptrend line (5) and the downtrend line (2). -------------------------------------------------- ------------------------------------------- ** 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. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator. ** 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
6
Bitcoin (BTC, including short term strategy) - December 22Good morning? 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. -------------------------------------------------- ----- Touching below 2261.5 point and rising above 22925.0 point. We need to see if it can rise along the uptrend line (1). Among the contents explained yesterday, we corrected the volatility around December 21, not the volatility around December 23. I was talking about the point where the uptrend line (1) intersects the point of 22925.0, but I have guided you on a strange date. The next volatility period is around December 27th. The baseline fluctuation range for this volatility period is from 20093.0-24252.5. I think it can be divided into a flow that continues the existing upward trend and a flow that changes the upward trend. Accordingly, it is necessary to check the movement around December 21st-27th. If the price is maintained above the 22925.0 point, it is expected to continue the existing upward trend. If it falls at 22261.5, I think it is likely to change the uptrend and rise along the uptrend line (2). I think there will be talk of this being a'Pull Back' pattern or a turnaround in a downtrend. Either pattern or trend is unknown until time passes and the wave is complete. However, if it does not rise above 22261.5 after falling from 22261.5, I think it is correct to see it as a downward trend. The criterion for this was divided into whether it can rise along the upward trend line (2). Starting with a talk of a downturn, it can feel like it's going to turn into a downtrend. However, the current trend is clearly moving sideways in the sideways section. We are using a different Fibonacci retracement ratio from other analysts. This is not to look at the strength of the trend, but to look at the sideways section. Accordingly, if it is supported in the 22261.5-22925.0 section, the sideways section is 22925.0-25579.5. This sideways section was divided into the lower sideways section and the upper sideways section. Accordingly, the point of separation is the 24252.5 point. Since the sideways wave has not been completed, we need to watch the situation a little more. ----------------------------------------------- (BTC Dominance 1D Chart) You need to make sure you can get resistance at point 67.44. If the flow shifts due to a fall in BTC price and an increase in BTC dominance, it is expected that a plunge will eventually occur. ------------------------------------------------ (USDT Dominance 1D Chart) We need to see if we can move down along the downtrend line. It remains to be seen if there is any movement outside the downtrend line (6)-(2) between December 24-27. If it rises above the 3.285-3.374 section, I think it is highly likely that the BTC price will shift from sideways to downtrend. However, you need to trade carefully as you can touch the downtrend line (1) and go down. -------------------------------------------------- ------------------------------------------- ** 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
BITMEX:BTCUSD.P
by readCrypto
1
Bitcoin (BTC, including short-term strategy) - December 21Hello? 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 remains to be seen if volatility around December 23 can rise along the uptrend line (1). If it falls at the 22261.5 point, a Stop Loss is needed to preserve profit and loss. However, it is possible to temporarily touch the 21273.5-21422.5 section and increase it, so careful trading is necessary. Therefore, it is necessary to think in advance how to proceed with Stop Loss. The wRSI_SR and CCI-RC indicators are showing a short-term downtrend, so you need to see where they are gaining support. If it moves sideways between 22925.0-24252.5, I think there is a high possibility of further gains. --------------------------------------------- (BTC Dominance 1D Chart) Touched point 67.44. We need to see if we can get resistance at 67.44 and move down. If it rises above 67.44 points, I think the coin market is likely to see a sharp decline. In order for altcoin price to rise, BTC dominance must fall. So, it remains to be seen if it can drop below the 65.89 point. -------------------------------------------------- ---- (USDT Dominance 1D Chart) We need to see if we can get resistance at the downtrend line (6) and move down. With the volatility around December 26th (December 25-27), you need to determine whether you are heading towards points 2.754 or 3.285. -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
3
Bitcoin (BTC, including short-term strategy) - December 20Hello? 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 can get support at point 23837.5. Also, if it falls, it will be supported at 22925.0 and see if it can move up along the uptrend line (1). If it is supported above the 24252.5 point, it is expected to rise to the 25579.5-26243.0 range. However, if it falls from the uptrend line (1), a sharp decline may occur, so careful trading is necessary. If it falls at the 22261.5 point, a Stop Loss is needed to preserve profit and loss. There is a possibility of touching the 21273.5-21422.5 section and going up. Therefore, you need to think about the ratio of Stop Loss and how to divide it. If it falls below the 2009 3.0 point, there is a high likelihood that the number of people trying to sell will surge, leading to a sharp decline, so if you fall below the uptrend line (2), keep an eye on the situation. These are the CCI and EMA lines that have a gentle slope even with the surge in BTC price. It remains to be seen if the price of altcoins can rise as the sideways move between 22925.0-24252.5. I think the movement between December 23 and 27 is important as a period to promote altcoin price increase. If BTC price moves sideways without a sharp rise or fall, altcoins' price rise is expected to begin. This is expected to lead to an increase in the price of all altcoins, including major coins. ------------------------------------------------ (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)
BITMEX:BTCUSD.P
by readCrypto
1
Bitcoin - significant volatility period (around December 11-18)Good morning? 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. -------------------------------------------------- ----- This is the last day I thought was a period of significant volatility We have to see if we can get support and climb in the 22261.5-22925.0 range. You also need to see if you can climb along the uptrend line (1) and rise above the 24252.5 point. If it falls from 22261.5 point, I think Stop Loss is necessary to preserve profit and loss. Because it is located at a price point that is too high, we believe that short-term Stop Loss with a new entry in mind can result in a larger loss. However, you can temporarily touch and climb the 21273.5-21422.5 section. This is because the'Pull Back' pattern can lead to a drop to absorb more volume. We believe that the point at which the downtrend transitions is below the 18571.0-19287.5 range. However, if you touch the 20093.0 point, a sharp decline is expected. With volatility around December 21st, it remains to be seen if an attempt to break above the 24252.5 point rises along the uptrend line (1). ----------------------------------------- (BTC Dominance 1D Chart) You should watch for any movement that deviates from 65.89-67.44. If it rises above 67.44 points, it is expected that there is a possibility that the coin market will plummet. In order for altcoin price to rise, BTC dominance must fall. We have to see if we can get below the 65.89 point. -------------------------------------------- (USDT Dominance 1D Chart) We have to see if we can move down along the downtrend line (6). -------------------------------------------------- ------------------------------------------- ** 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 to interpret 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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin-significant volatility period (around December 11-18)-9Hello? 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 remains to be seen if it can gain support at the 22261.5-22925.0 interval and climb along the uptrend line (1). At the end of the period of significant fluctuations, we need to see where the volatility around December 18th (December 17-19) is gaining support. If you look at it from your current position, you will have to watch for any movement that deviates from 20093.0-24252.5. If not, it is expected that around December 27th will be a period of volatility. If you go down at 22261.5, you need Stop Loss to preserve your profits and losses, and you need to think about how to proceed. ------------------------------------------ (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)
BITMEX:BTCUSD.P
by readCrypto
Bitcoin-significant volatility period (around December 11-18)-8Good morning? 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 is on the rise with a strong break above the 2009 3.0 point. It remains to be seen if volatility around December 18th (December 17-19) could increase to the uptrend line (1) or between 22261.5-22925.0. If it rises to the 22261.5-22925.0 range, it is expected to determine the next direction. Accordingly, we have to watch for any movement that deviates from the 20093.0-24252.5 section. ---------------------------------------------- (BTC Dominance 1D Chart) It is rising above the uptrend line (5) and 64.86 points. As the BTC price surges, the dominance of BTC appears to rise as funds are concentrated in BTC. Just as it touched and fell near the 67.44 point on November 18th-20th, this time we have to see if it falls in the 64.86-65.89 range. In order to face the altcoin price increase, I think it must fall below the 63.38 point. However, if BTC dominance starts to decline, altcoils that rise selectively will start increasing. Anyone who is investing in altcoins or those who want to invest in altcoins, we hope to get the best time to invest in altcoins while watching the movement of BTC dominance together. ------------------------------------------------ (USDT Dominance 1D Chart) It is falling below the 3.285 point. You'll get a resistance at point 3.285 and see if you can touch point 2.754. Also, we need to see if it can move below the downtrend line (6). If it rises above the uptrend line (1) and rises above the 3.760 point, the coin market is expected to turn into a downtrend. So, it's a good idea to watch the USDT Dominance Chart as well. In 2020, the charts often break temporarily with strange signs. Points 5.003, 2.754, and 0.261 This is the point where the candle was touched due to this strange sign. USDT dominance rose when the first 5.003 point occurred, and although it could not touch the 5.003 point, it fell after rising. You can also see that the decline accelerated with the 2.754 point. I think that the 3.285-3.374 or higher is actually the peak. It can be seen that a lot of funds have entered the coin market. The uptrend line (5) is the uptrend line starting on March 7, 2020, and is the uptrend line for 2020. It is also to be seen if the 2.754 point, which is a strange symptom, and the 2.726 point, the gap point, can fall below the interval. -------------------------------------------------- ------------------------------------------- ** 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)
BITMEX:BTCUSD.P
by readCrypto
1