Bitcoin (BTC) - November 30Hello?
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(USDT 1D chart)
(USDC 1D chart)
(BTC.D 1D chart)
What the BTC dominance chart can tell you is whether funds are currently concentrated towards BTC or towards altcoins.
A drop in BTC dominance below 39.55 will increase the likelihood of sharp volatility.
(USDT.D 1D chart)
The decline in USDT dominance tells us that the coin market is likely to move up.
In this sense, the key is whether USDT dominance can fall below 7.86.
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(BTCUSDTPERP 1D Chart)
A new support and resistance point is forming at 16422.6.
Therefore, the key is whether you can rise with support in the 16422.6-16729.8 section.
If not, you need to make sure you get support around 15908.2.
It is unknown what kind of movement will be made to gain the strength of the rise, but I think the important thing depends on the inflow of funds from the coin market.
If this week's candlestick closes with a lower candlestick, we expect more fresh volatility to begin.
At this time, the important thing is that new funds must continuously come in through USDT.
If it doesn't fall, but finds support near 16422.6-16729.8 and starts moving higher, I would expect it to touch the 17670.0-8741.7 section as a short-term bullish move.
The first hurdle to do so lies in whether the MS-Signal indicator can be broken upward.
The next period of volatility is around December 10th.
(1h chart)
The circled zones on the chart are important support and resistance zones.
If the price is below the M-Signal line on the 1D chart, the main position is 'SHORT'.
Therefore, a quick response is required when entering a 'LONG' position.
As the -100 indicator on the 1D chart began to form at 16422.6
It is judged that the 1.414 (16362.6, trend-based Fibonacci extension point) to 16729.8 has become a more important support and resistance zone.
Therefore, it is highly likely that the trend will continue to break out of this range, so be careful when entering a position.
If it rises above 16729.8, it is important to touch the M-Signal line on the 1D chart and find support at or above the 16580.6-16729.8 section.
If it rises above the M-Signal line on the 1D chart, it is expected to rise to around 17670.0.
If not, you should see support near 15908.2 leading to further declines.
If it falls below 16327.6,
1st: 15908.2
2nd: 15328.7
3nd: 14824.3
You need to make sure that you are supported nearby.
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- big picture
I think you need to be supported in the 13K-15K section to get the power to rise.
Therefore, whether it is rising or falling from its current position, a short-term response is required.
A full-fledged uptrend is expected to start when it rises above 29K.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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