BTC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-BTC was once again in consolidation on Friday, as markets continued to react to the latest U.S. Q3 GDP figures.
Following a low of $16,592.41 on Thursday, BTC/USD was marginally higher, with prices rising to a peak of $16,880.87 in today’s session.
The surge in price pushed BTC above a key resistance point of $16,800, as bulls once again attempted to recapture the $17,000 mark.
As can be seen from the chart, recent price uncertainty comes as the 14-day relative strength index (RSI) remains close to a floor of 45.00.
Sentiment also seems uncertain following a recent crossover between the red 10-day moving average, and its 25-day (blue) counterpart.
If this downward trend continues, we could see BTC trading near $16,000 during the Christmas weekend.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Btcdominance
Need to confirm whether new entry will be possible...Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT 1D chart)
(USDC 1D chart)
The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market.
(BTC.D 1D chart)
An increase in BTC dominance means that funds will be concentrated towards BTC.
We need to see if it can rise above 42.72.
(USDT.D 1D chart)
An increase in USDT dominance means that the coin market is likely to decline.
We need to see if it can drop below 8.41.
---------------------------------------
(BTCUSDTPERP 1D Chart)
We need to see if it will show support on day 3 at 16730.0.
Therefore, if it is supported, it can be considered a buy when today's candlestick is created.
However, there is also a possibility of falling, so you need to set a stop loss point.
When starting a trade, you should always start with a first buy point, a first sell point, and a stop loss point in mind.
If you can't set up a spot with any of these, it's better not to start trading.
Important short-term indicators are clustered in the 16422.6-17108.7 interval.
Therefore, the trend is likely to continue away from the 16422.6-17108.7 zone.
Therefore, in the short term, the key is to keep the price above 17108.7.
From the current price position, the important range is
Support: 16422.6-16580.6
Resistance: 17108.7
The most likely point for a mid- to long-term uptrend is when the price holds the price by rising above 17864.7.
Therefore, at the current price position, it is necessary to respond as quickly as possible in the short term.
(1h chart)
If the price is maintained below the M-Signal line of the 1D chart and below 17108.7, the main position is 'SHORT'.
Therefore, a quick response is required when entering a 'LONG' position.
Volatility occurred when it touched the 16938.1-16984.9 section and fell, touching the vicinity of 16730.0.
I think the chances of profiting from this volatility are slim.
Therefore, it is unlikely that the 'LONG' position, which was previously entered, was switched to the 'SHORT' position due to this volatility.
Therefore, I think there is a possibility that it entered a new 'SHORT' due to yesterday's volatility.
If you are entering 'SHORT',
1st: 16730.0
2nd : 16422.6-16730.0
It is recommended to split and sell in the vicinity.
You can always place a pre-order for the remaining quantity at the price you entered and wait.
Those who entered 'LONG' in the past have been sold until the second round, so you can wait until the next move comes out.
The original trading rule is to see the movement and close the position when the M-Signal line on the 1D chart is touched.
However, yesterday's volatility was such a rapid movement that it was judged that there was no time to close the position.
Therefore, if it rises this time and rises near the 16938.1-16984.9 section and shows resistance, then you can close the 'LONG' position transaction.
If you want to be sure to trade at the buy, sell, and stop loss points that are notified by the interval, you must place a reservation order by splitting the interval.
Therefore, although there is a possibility that the amount or quantity originally intended to be traded may not be made, the trade is highly likely to be completed, so you should change your trading strategy to a strategy that earns profits from completed trades.
A full-fledged trend change is expected when it falls below 16422.6 or rises above 17108.7.
Therefore, entry into a full-fledged position
'SHORT' when receiving resistance at 16422.6
'LONG' when upheld at 17108.7
You can enter that position.
Therefore, in order to earn a longer
When receiving resistance in the 16938.1-16984.9 section, enter 'SHORT'
Enter 'LONG' when supported in the section 16422.6-16580.6
You can enter as above.
Combining the above, it can be seen that entering the current position, around 16730.0, is just as risky.
Therefore, it is recommended to wait for support away from 16730.0 as it can be burdensome to respond quickly.
-------------------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If this chart is shared, 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.)
---------------------------------
The next period of volatility is around December 28.Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT 1D chart)
(USDC 1D chart)
The rise in the gap of USDT or USDC is seen as a signal of new funds entering the coin market.
(BTC.D 1W chart)
I believe that BTC dominance must rise in order for the coin market to show stable movements.
This is because such a stable movement will invigorate the coin market and provide a driving force for active transactions as an investment market.
Therefore, BTC dominance should continue to rise.
If possible, I think it would be good to show a rise in the 43.40-45.68 section and then a decline.
Because if it rises higher than that, investors are expected to suffer.
At this time, it is important to check whether the USDT dominance is rising or falling.
(USDT.D 1D chart)
A rise in USDT dominance means a fall in the coin market.
So, the question is whether it can fall below 7.86.
The next period of volatility is around January 5th.
-----------------------------------------
(BTCUSDT 1W chart)
In order to continue the mid- to long-term upward trend, it must rise above 20050.02-20862.47.
In order to do so, the key is whether it can rise above 17880.71.
If it falls below 15475.10, I would expect a decline around 13500.0.
The Heikin Ashi body is marked as a drop.
So, we need to see if the Heikin Ashi body closes in a bullish sign this week.
This is because the RSI indicator is likely to enter the oversold zone.
(1D chart)
The question is whether it can rise above 17115.96 to show a short-term uptrend.
To do so, you need to keep the price above 16428.78-16590.54.
If not, it is expected that the new flow that has occurred since November 27th will be broken.
I need to check if it can be supported at 16740.64 now.
The next period of volatility is around December 28th.
(The previous volatility period was around December 24th, which was incorrectly displayed.
The previous chart will be discarded once this volatility is over.)
Circled zones mark important support and resistance zones.
In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement carefully.
If this uptrend ends with a one-off,
1st : 17880.71
2nd : 19176.93-20050.02
It is expected to touch the vicinity and fall.
If the new trend breaks, i.e. falls below 16428.78,
1st: 15475.10
2nd : 14.8K
3rd: 13500
It is expected to touch the vicinity.
------------------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** 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.
** HA SRRC 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.)
---------------------------------
BTC/USDT 12Hr UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-BTC bounced back after clearing the short-term downside liquidity. It is also forming an inverse head and should pattern on smaller time frames.
Currently, it is facing MA21 resistance, and a breakout of it will confirm a move toward the horizontal resistance. For mid-term bullish confirmation, bulls need to clear Ichimoku clouds, which would ensure a trend reversal in the market.
Bitcoin is unable to break the resistance area. This seems to be a rejection and the price is again testing the resistance area. Altcoins are showing some positive movement and we may see more upward trend if BTC remains stable in the range.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin ( BTC )continued to consolidate ahead of this afternoon’s third quarter GDP data from the United States.
This afternoon’s figures are expected to show growth of 2.9% in the quarter, as inflation in the U.S. began to slow down.
BTC/USD hit a high of $16,895.71 ahead of the data release, which is marginally higher than Wednesday’s bottom at $16,755.91.
Looking at the chart, today’s consolidation comes as the 14-day relative strength index (RSI) continued to hover near a support point at 46.00.
As of writing, the index is tracking at the 46.49 level and could be set to break out of this point at any moment.
Should this occur, bearish sentiment will likely return to the market, with prices heading toward $16,500.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Must be supported at 16730 to rise above 17.1KHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT 1D chart)
(USDC 1D chart)
The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market.
(BTC.D 1D chart)
An increase in BTC dominance means that funds will be concentrated towards BTC.
We need to see if it can rise above 42.72.
(USDT.D 1D chart)
An increase in USDT dominance means that the coin market is likely to decline.
We need to see if it can drop below 8.41.
---------------------------------------
(BTCUSDTPERP 1D Chart)
Important short-term indicators are clustered in the 16422.6-17108.7 interval.
Therefore, the trend is likely to continue away from the 16422.6-17108.7 zone.
We need to make sure it is supported around 16422.6 and supported around 16730.0 to continue the upward flow.
If the price holds above 16730.0, I would expect the Heikin Ashi body to maintain its uptrend.
Such support near 16730.0 is expected to lead to an attempt to rise towards 17108.7, where the short-term uptrend can continue.
(1h chart)
The circled zones on the chart are important support and resistance zones.
If the price is maintained below the M-Signal line of the 1D chart and below 17108.7, the main position is 'SHORT'.
Therefore, a quick response is required when entering a 'LONG' position.
A full-fledged trend change is expected when it falls below 16422.6 or rises above 17108.7.
Therefore, entry into a full-fledged position
'SHORT' when receiving resistance at 16422.6
'LONG' when upheld at 17108.7
You can enter that position.
In the current price range, it can be said that a quick response is required.
If it rises above 16730.0 or above the 5EMA line on the 1D chart, 'LONG' entry is possible.
However, the first selling section can be the section 16938.1-16984.9.
If resistance is encountered at 16730.0, a 'SHORT' entry is possible.
However, the first selling section can be the 16422.6-16580.6 section.
Therefore, in order to earn a longer
When receiving resistance in the 16938.1-16984.9 section, enter 'SHORT'
Enter 'LONG' when supported in the section 16422.6-16580.6
You can enter as above.
Combining the above, it can be seen that entering the current position, around 16730.0, is just as risky.
Therefore, it is recommended to wait for support away from 16730.0 as it can be burdensome to respond quickly.
-------------------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** 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.)
---------------------------------
BTC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BTC/USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) moved closer to the $17,000 level on Tuesday, as traders reacted to the latest Bank of Japan policy decision.
BTC/USD surged to a peak of $16,837.65 earlier in today’s session, less than 24 hours after hitting a low of $16,398.14.
Today’s move saw the token climb above a key resistance level of $16,700, with prices rising to a four-day high in the process.
Looking at the chart, the surge took place as the 14-day relative strength index (RSI) broke out of a ceiling at the 46.00 level.
As of writing, the index is currently tracking at the 46.61 mark, which is its strongest point since last Thursday.
Should the index continue this upward trend, we will likely see BTC move above the $17,000 level in the coming days.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
#BTC/USDT 6Hr UPDATE BY CRYPTO SANDERS Hello, welcome to this BTC /USDT 6Hr chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC bounced back with a decent stable volume after clearing stops below the order block. Now it is facing mid-range resistance.
A reclaim over the mid-range with a retest above it would confirm a decent bullish rally in the market.
If it rejects from here, a downward move is expected toward the horizontal support of $16K, and from where we could expect an upward direction in the market.
Bitcoin is again testing the resistance area. Let’s wait to see if BTC is able to break the resistance area. There is no clear direction and we may see more sideways movement. The market needs big positive news to break the resistance levels.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Needs to rise above 17115.96 to show short-term uptrend...Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT 1D chart)
(USDC 1D chart)
The rise in the gap of USDT or USDC is seen as a signal of new funds entering the coin market.
(BTC.D 1W chart)
I believe that BTC dominance must rise in order for the coin market to show stable movements.
This is because such a stable movement will invigorate the coin market and provide a driving force for active transactions as an investment market.
Therefore, BTC dominance should continue to rise.
If possible, I think it would be good to show a rise in the 43.40-45.68 section and then a decline.
Because if it rises higher than that, investors are expected to suffer.
At this time, it is important to check whether the USDT dominance is rising or falling.
(USDT.D 1D chart)
A rise in USDT dominance means a fall in the coin market.
So, the question is whether it can fall below 7.86.
The next period of volatility is around January 5th.
-----------------------------------------
(BTCUSDT 1W chart)
In order to continue the mid- to long-term upward trend, it must rise above 20050.02-20862.47.
In order to do so, the key is whether it can rise above 17880.71.
If it falls below 15475.10, I would expect a decline around 13500.0.
(1D chart)
The question is whether it can rise above 17115.96 to show a short-term uptrend.
To do so, you need to keep the price above 16428.78-16590.54.
If not, it is expected that the new flow that has occurred since November 27th will be broken.
The next volatility period is around December 17-24.
Circled zones mark important support and resistance zones.
In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement carefully.
If this uptrend ends with a one-off,
1st : 17880.71
2nd : 19176.93
3rd : 20050.02
It is expected to touch the vicinity and fall.
If the new trend breaks, i.e. falls below 16428.78,
1st: 15475.10
2nd : 14.8K
3rd : 13137.51-13761.50
It is expected to touch the vicinity.
------------------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** 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.
** HA SRRC 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.)
---------------------------------
Support above 16.4K this week, a rise above 17108.7 is keyHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT 1D chart)
(USDC 1D chart)
The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market.
(BTC.D 1D chart)
An increase in BTC dominance means that funds will be concentrated towards BTC.
need to see if it can rise above 42.72.
(USDT.D 1D chart)
An increase in USDT dominance means that the coin market is likely to decline.
We need to see if it can drop below 8.41.
---------------------------------------
(BTCUSDTPERP 1D Chart)
To continue the new trend, we need to keep the price above 16422.6.
Therefore, it is important to be able to climb with support in the 16422.6-16580.6 section.
It needs to rise above 17108.7 to continue the short-term uptrend.
So, the question is whether it can rise above 17108.7 this week.
However, it must rise above 17864.7 to turn into a mid- to long-term upward trend.
If it falls below 16422.6 and encounters resistance,
1st : 15908.2
2nd : 15328.7
3rd : 14824.3
You need to make sure that you are supported nearby.
The circled zones on the chart are important support and resistance zones.
The next volatility period is around January 6-9.
(1h chart)
The circled zones on the chart are important support and resistance zones.
If the price is maintained below the M-Signal line of the 1D chart and below 17108.7, the main position is 'SHORT'.
Therefore, a quick response is required when entering a 'LONG' position.
The price declined and fell to the T1 section of 16422.6-16580.6.
Therefore, when you get out of this section, new entry is possible.
When it rises above 16580.6 and shows support, 'LONG' entry is possible.
However, when the 5EMA line on the 1D chart is touched, volatility may occur, so a quick response is required.
If it falls to 16422.6 and becomes resistance, a 'SHORT' entry is possible.
1st : 15908.2-16161.1
2nd : 15328.7-15480.8
3rd : 14824.3
A 'SHORT' position entered at 16984.9 is currently in progress.
Therefore, the first sale was made by touching the T1 section, and the trading method is used to place a reserve order to sell at the entry price.
The second selling point is the T2 section, which is the section 15908.2-16161.1.
If the current 'SHORT' position ends, it means that it has risen to the 16984.9-17108.7 section, so you can confirm that it is out of the 16984.9-17108.7 section and enter a new position.
However, since volatility can occur by touching the 5EMA line and the M-Signal line of the 1D chart, it is necessary to pay close attention to the movement when these two lines are touched.
-------------------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** 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.)
---------------------------------
10 TradingView Crypto Indices You Should Know!📉📌 10 @TradingView Crypto Indices You Should Know!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. And I want to start by thanking @TradingView for putting these indices together - making our life easier.
A couple of days ago, TradingView posted a tweet (attached on the chart) highlighting these 10 Crypto Indices. So I thought it would be a good idea to go over it and post its analysis as per my trading style.
So grab a cup of coffee or tea, and let's enjoy it together 😁
📌 BTC.D - Market Cap BTC Dominance
🗒 BTC.D is rejecting a strong support zone in green. For the bulls to take over short-term, we need a break above the last minor high in orange.
And for the bulls to remain in control from a medium-term perspective, we need a break above the main high in gray.
If we break below 40% level, then we will be expecting BTC.D to dive inside the green zone.
📌 ETH.D - Market Cap ETH Dominance
🗒 ETH.D has been stuck inside a range. For the bears to take over, we need a break below the orange zone and lower red trendline. In this case, a movement till the 13% green zone would be expected.
In parallel, for the bulls to take over, we need a break above the upper gray high. In this case, further bullish movement till around the upper red trendline would be expected.
📌 USDT.D - Market Cap USDT Dominance
🗒 USDT.D rejected our blue support zone last week and traded higher. We are currently sitting around a supply zone. If we trade higher, then we will be approaching a strong resistance zone in green.
For the bears to take over, thus for the bull run to start for Crypto, we need a break below the blue support AND lower blue trendline.
📌 USDC.D - Market Cap USDC Dominance
🗒 USDC.D is overall bullish trading inside our two red trendlines. For the bulls to remain in control, we need a break above the last major high in green.
Meanwhile, USDC.D is sitting around the upper red trendline acting as a non-horizontal resistance that might push price lower inside the range again.
For the bears to take over from a medium-term perspective, which would be healthy for the crypto market, we need a break below the lower red trendline. In this case, a movement till the 4% support zone would be expected.
📌 TOTAL - Total Crypto Market Capitalization
🗒 TOTAL has been overall bearish for a while, and lately we have been trading inside the red channel.
The next support that might hold TOTAL up is the 500B - 600B demand zone.
For the bulls to take over from a long-term perspective, we need a break above the 1 Trillion round number in blue.
Meanwhile, every bullish movement would be a short-term correction.
🗒 TOTAL2, TOTAL3, OTHERS and TOTALDEFI charts are very similar to TOTAL
📌 TOTAL2 - Total Market Capitalization (Excluding BTC)
📌 TOTAL3 - Crypto Total Market Cap (Excluding BTC and ETH)
📌 OTHERS - Crypto Total Market Cap Others
📌 TOTALDEFI - Total DeFi Market Capitalization
📌 DEFIETH - DeFi/Ethereum ratio
🗒 DEFIETH is stuck inside a range.
For the bulls to take over, we need a break above the upper gray zone AND upper red trendline.
For the bears to take over, we need a break below the lower gray zone. In this case a movement till around the 15% demand zone would be expected.
Hope you find this article useful. Feel free to share your thoughts or request any chart analysis.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Whether it can rise above 17115.96 is the keyHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT 1D chart)
(USDC 1D chart)
The rise in the gap of USDT or USDC is seen as a signal of new funds entering the coin market.
(BTC.D 1W chart)
I believe that BTC dominance must rise in order for the coin market to show stable movements.
This is because such a stable movement will invigorate the coin market and provide a driving force for active transactions as an investment market.
Therefore, BTC dominance should continue to rise.
If possible, I think it would be good to show a rise in the 43.40-45.68 section and then a decline.
Because if it rises higher than that, investors are expected to suffer.
At this time, it is important to check whether the USDT dominance is rising or falling.
(USDT.D 1D chart)
A rise in USDT dominance means a fall in the coin market.
So, the question is whether it can fall below 7.86.
The next period of volatility is around January 5th.
-----------------------------------------
(BTCUSDT 1W chart)
The important point for the medium term is the 17880.71 point.
So, if the price holds above 17880.71, I would expect an attempt to break out of the downtrend channel.
We need to see if StochRSI can maintain its uptrend.
(1D chart)
The question is whether the price can rise above 17115.96 by holding the price at or above the 16428.78-16590.54 zone.
If not, it is expected that the new flow that has occurred since November 27th will be broken.
It needs to rise above 17880.71 to continue the uptrend.
However, in order to show a short-term uptrend, the price must rise above 17115.96 to maintain the price, so if it rises at this opportunity, it is judged that there is a possibility of an uptrend within a short period of time.
The next volatility period is around December 17-24.
Circled zones mark important support and resistance zones.
In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement closely.
If this uptrend ends with a one-off,
1st : 17880.71
2nd : 19176.93
3rd : 20050.02
It is expected to touch the vicinity and fall.
If the new trend breaks, i.e. falls below 16428.78,
1st: 15475.10
2nd : 14.8K
3rd : 13137.51-13761.50
It is expected to touch the vicinity.
------------------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** 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.
** HA SRRC 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.)
---------------------------------
BTC DOM UPDATE! ALTS MIGHT DUMP 40-50% FROM HERE IF??Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this Bitcoin Dominance update. BTC Dominance is inversely correlated with Alts. When dominance pumps, Alts dump, and when dominance dump, Alts pump.
According to the weekly chart of BTC Dom, it is forming a descending triangle here and currently trading near the above trendline. If it breaks out from this triangle then it will be very bad for Altcoins. Meanwhile, rejection from here will give some relief rally in the Alts.
For more confirmation, we have to wait for another weekly close. Let's see how this goes. I'll keep updating you.
If you like this idea then do show your support with like and follow.
Also, share your views in the comment section.
Thank You!
Position Entry Criteria: Find in the flow of the 1D chart...Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT 1D chart)
(USDC 1D chart)
It seems that the funds that came into USDC are slowly withdrawing.
(BTC.D 1W chart)
(USDT.D 1D chart)
We need to see if it can drop below 8.41.
If not, it's because there is a possibility of a rise around 9.49.
---------------------------------------
(BTCUSDTPERP 1D Chart)
The important point or section from where the current price is located is the 16422.6-16580.6 section.
This is because the short-term buy point (HA-Low) and the -100 indicator are passing.
Therefore, if it goes down in this section, it is highly likely that the flow itself will turn into a downtrend, so it can be said to be an important section.
To disprove this, you must see a price defense or rise accompanied by trading volume.
The next most important interval is 16984.9-17108.7.
This is because the price has moved sideways in this section and there is a short-term surge (HA-High).
So, if the price holds above 17108.7, a bullish trend is likely.
If it falls below 16422.6 and encounters resistance,
1st: 15908.2
2nd: 15328.7
tertiary: 14824.3
You need to make sure that you are supported nearby.
The circled zones on the chart are important support and resistance zones.
The next volatility period is around January 6-9.
(1h chart)
The circled zones on the chart are important support and resistance zones.
If the price is maintained below the M-Signal line of the 1D chart and below 17108.7, the main position is 'SHORT'.
Therefore, a quick response is required when entering a 'LONG' position.
A 'SHORT' position entered at 16984.9 is currently in progress.
Therefore, the first sale was made by touching the T1 section, and the trading method is used to place a reserve order to sell at the entry price.
The second selling point is the T2 section, which is the section 15908.2-16161.1.
If the current 'SHORT' position ends, it means that it has risen to the 16984.9-17108.7 section, so you can confirm that it is out of the 16984.9-17108.7 section and enter a new position.
However, since volatility can occur by touching the 5EMA line and the M-Signal line of the 1D chart, it is necessary to pay close attention to the movement when these two lines are touched.
If you decide how to select a position by looking at the movements of the candles on the time frame chart you are currently looking at, the time you have to look at the chart to maintain your position may increase.
Therefore, you should make the longer flow of the chart always recognizable by marking the flow on at least a 1D chart on the chart you mainly watch and trade.
This is because it can survive the whipsaw-like volatility that can occur on lower time frame charts.
------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** 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.)
---------------------------------
BTC/USDT BinanceBTC/USDT Binance
4H hollow candlesticks
Price breakout occurred successfully out of the Descending Triangle.
A parallel uptrend channel has been formed.
The same Support & Resistance areas are still valid.
If the price breakout, either up or downwards from the uptrend parallel channel:
Then:
Case #1
Upwards, the bear market is over.
Case #2
A sideways movement is about to continue for this month.
Bitcoin Price (BTC) = €16,021.78 -1.68%
= 13.66 ETH +0.90%
Market Cap: €799,234,722,871
24h Vol: €36,606,865,101
Dominance: BTC: 38.5%
ETH: 17.9%
Good Luck
#CryptoHellas Team
Bitcoin Dominance Is About To Shoot Up!Bitcoin Dominance hit bottom September 2022 and is now trading within a higher low.
We have a bullish consolidation pattern and early signals of a possible bullish jump.
The signals are not yet there but seeing how the market is behaving, going through dozens and dozens of Altcoins and other indexes, we see this one going up.
Bitcoin breaking a short-term resistance level with bad news all across is a strong bullish signal as well.
So we expect BTC.D to move up accordingly.
Namaste.
The HA-High line has gone down! Let's touch and rise to 17880.71Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT 1D chart)
(USDC 1D chart)
When a new candle is created, we need to check whether the position of the current candle is changed.
This is because if the gap of USDT or USDC does not decrease, the coin market is likely to move sideways.
Rather, when a gap rises, it means that new funds have flowed into the coin market, so the coin market is expected to rise again in the near future.
The fall in the gap between USDT and USDC means that money is being withdrawn from the coin market.
Therefore, even if there are price fluctuations in the coin market, if USDT and USDC continue to show a gap decrease, the coin market will eventually show a decline.
(BTC.D 1W chart)
I believe that BTC dominance must rise in order for the coin market to show stable movements.
This is because these stable movements will invigorate the coin market and provide the driving force for active transactions as an investment market.
Therefore, BTC dominance should continue to rise.
If possible, I think it would be good to show a rise in the 43.40-45.68 section and then a decline.
Because if it rises higher than that, investors are expected to suffer.
At this time, it is important to check whether the USDT dominance is rising or falling.
(USDT.D 1D chart)
A rise in USDT dominance means a fall in the coin market.
So, the question is whether it can find resistance around 8.11-8.22 and drop below 7.86.
If it does not and rises, the coin market will show a decline again.
The key is whether it can drop to around 7.86.
The next period of volatility is around January 5th.
-----------------------------------------
(BTCUSDT 1W chart)
The important point for the medium term is the 17880.71 point.
So, if the price holds above 17880.71, I would expect an attempt to break out of the downtrend channel.
If new funds do not come into the coin market, it is not expected to rise above 20050.02.
Therefore, it is only an attempt to break out of the downtrend and there is a possibility of a turn to the downside, so you need to think about how to respond.
(1D chart)
With this decline, the HA-High line, which was located at 20518.59, is showing a decline.
If the candle closes as it is, the HA-High line is likely to be created at 17115.96.
Therefore, being able to get support and rise around 17115.96 became important.
This is because if you touch the HA-High line as a sharp rise line, a sudden movement may occur sooner or later.
You need to touch the HA-High line and see if it will rise or fall.
The first challenge for the new trend, the one that changed around November 27th, to show the transition to the new trend is to keep the price above 17880.71.
So, by holding the price above 17115.96, we hope to lead to a new trend change in the new flow.
A new trend change is ultimately a break from the downtrend line (1).
Although it is showing more decline than expected, the good thing is that the price is holding above the HA-High line.
The next volatility period is around December 17-24.
Circled zones mark important support and resistance zones.
In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement carefully.
If this uptrend ends with a one-off,
1st: 17880.71
2nd: 19176.93
3rd : 20050.02
It is expected to touch the vicinity and fall.
If the new trend breaks, i.e. falls below 16428.78,
1st: 15475.10
2nd : 14.8K
3rd: 13137.51-13761.50
It is expected to touch the vicinity.
------------------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** 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.
** HA SRRC 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.)
---------------------------------
Unique Update Of BitcoinHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) fell below $17,000 in today’s session, as markets continued to react to last month’s retail sales data.
As retail sales in the United States disappointed, BTC/USD slipped to an intraday low of $16,997.54 earlier in the day.
This comes less than a day after prices were nearing a breakout of $18,000, hitting a peak of $17,725.88 in the process.
Looking at the chart, bearish pressure intensified following a breakout of a floor at $17,200, with the price now trading at $17,023.22.
This slight reversal comes as the 14-day relative strength index (RSI) moved close to a support point of 45.00.
The index is currently tracking at the 47.05 level, and should price strength hit the aforementioned floor, BTC could land at $16,800.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:- BTC broke the $18.1K mark and $17.2K is testing support. A breakout from the mentioned level could pave the way for an increase toward $20.6K in the near term.
However, the RSI indicator is already showing green flags as the indicator is in the oversold zone, currently hovering around the 46% level. This signal could point to a pullback in the coming days, leading to a possible return to the $20.6K area.
A break above $17.2K would be a more likely outcome given the relatively high probability that the Fed will raise rates and reduce the momentum of the recent rise in prices.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
The new trend change point after November 27 is...Hello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT 1D chart)
(USDC 1D chart)
Candles on the charts of USDT and USDC are seen as meaning that USDT or USDC has risen or fallen by trading in the coin market.
Therefore, it can be seen that although the gap rose on the USDC chart and new funds came in, USDT increased through trading in the coin market as a rising candlestick was created.
To say that USDT has increased means that it has been sold in the USDT market.
It can be seen that the leading force (?) in the current coin market is US capital.
The reason is that we can see that a lot of new money is coming into USDC.
If you look at the movements of USDT and USDC, the money coming into USDC is increasing the coin market, but a lot of selling in the USDT market is giving resistance to the coin market.
However, this resistance may be temporary.
The reason is that new funds also came in with USDT.
(BTC.D 1D chart)
It seems difficult to see that the power of new funds coming into USDT and USDC has been used for this rise.
So, as I said yesterday, if the price stays above 17590.0 on the BTCUSDTPERP chart, it is expected to lead to further upside (T2 on the BTCUSDT chart).
What makes this flow possible is that BTC dominance should show an uptrend.
The rise in BTC dominance is because funds are concentrated towards BTC, leading the coin market.
Due to this trend, there is a possibility that altcoins may temporarily decline or move sideways, unable to keep up with the rise in BTC price.
Therefore, it is necessary to check the movement of the support and resistance points of the altcoins held until the BTC price rises and shows a sideways trend in a certain area.
(USDT.D 1D chart)
By touching around 7.86, "Oh! This is not the beginning of a bull market!" I think you must have thought.
I think this is the point that makes you feel that way.
However, USDT dominance needs resistance at 7.27 to continue its bullish trend.
Therefore, it is important to determine where the BTC price is supported and where it moves.
---------------------------------------
(BTCUSDTPERP 1D Chart)
It punctured the downtrend line passing around 18374.1 and is holding the price in the 17590-17864.7 area.
If the price holds above 17590.0, I would expect a move to lead further upside.
Even for that, it is important to keep the price above 17590.0.
If possible, we think it is better for us to show the price holding above 17864.7.
The 17864.7 point is the point where the HA-Low line on the 1W chart is formed, and it is an important apt move from a trading perspective.
If the price holds above 17590.0, the important thing to look at is whether it can cross the downtrend line (1).
This downtrend line forms a downtrend channel, so if it breaks away from the downtrend line (1), it is expected to be the next biggest change in trend after the new trend that has been showing since November 27th.
The circled zones on the chart are important support and resistance zones.
Since the volatility period has been moved to December 14th, it is necessary to check the movement up to that time.
(1h chart)
The circled zones on the chart are important support and resistance zones.
If the price is maintained above the M-Signal line of the 1D chart and above 17170.0, the main position is 'LONG'.
Therefore, a quick response is required when entering the 'SHORT' position.
The inflow of new money in USDT and USDC is driving the BTC price up.
By breaking through the 17670.0-18741.7 section, which is the support and resistance section, it makes me feel like it will rise to the T2 section (19K section) I mentioned on the BTCUSDT chart.
There are currently two downtrend lines crossing the chart.
One is around 18374.1, and one is passing through the 19K range.
Therefore, in order to cross these two downtrend lines, I think it is possible to show that the funds that have entered the coin market are concentrated towards BTC.
Therefore, BTC dominance should continue to rise above 41.73.
If this is not the case and BTC dominance shows a downward trend, I think it will most likely fail to cross the two downtrend lines.
In order to gain strength to break through, I think it is important to show a sideways movement above 17590.0 and gradually rise to the 18374.1-18741.7 section.
In any case, the HA-High line on the 1D chart I mentioned yesterday is showing a sideways movement in the 17670.0-18741.7 section until it falls near the current price range.
As I said yesterday, a new 'LONG' position was entered, and the position is currently closed as it drops below 17864.7.
However, the 'LONG' position entered at 16984.9 previously mentioned is in progress.
This current position can be closed by touching the M-Signal line on the 1D chart.
The new 'LONG' position entry is still valid when showing support at 17864.7.
However, as mentioned above, we must not forget that it is not easy to cross the downtrend line, so a quick response is necessary.
To enter a 'SHORT' position, it is possible when the 5EMA line on the 1D chart rises above 17590.0 or the price shows resistance at 17590.0.
However, there is a possibility of a rebound after touching the M-Signal line on the 1D chart, so a quick response is required.
Therefore, I think it is better to wait for the main position to be converted to 'SHORT'.
In order for the main position to be converted to 'SHORT', resistance must be met below the M-Signal line on the 1D chart.
If it falls below 16422.6 and encounters resistance,
1st: 15908.2
2nd: 15328.7
3rd: 14824.3
You need to make sure that you are supported nearby.
------------------------------
- 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.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If this chart is shared, 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.)
---------------------------------
BTC Remains Higher Ahead of Fed Rate DecisionHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) was trading close to the $18,100 level on Wednesday, as markets remained higher following the latest U.S. inflation report.
Following a low of $17,412.19 on Tuesday, BTC/USD surged to a peak of $17,690.09 earlier in today’s session.
As a result of this move, BTC continues to trade close to its highest point since November 9, which is the last time price was above $18,100.
Looking at the chart, this recent rise in momentum came as the 14-day relative strength index (RSI) raced to its highest point since early November.
As of writing, the index is tracking at the 60.00 mark, which is marginally below a key ceiling at the 60.75 mark.
Should bitcoin climb beyond this point, we could see the coin once again move above the $18,100 point.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Unique Update Of Bitcoin
Hello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin (BTC) rallied to a one-month high on Tuesday, as markets began to price in a fall in consumer prices in the United States.
Following a low of $16,966.59 to start the week, BTC/USD raced to an intraday peak of $17,457.30 earlier in today’s session.
This move saw the world’s largest cryptocurrency fly to its strongest point since November 11, when the price was at a high of $17,645.
As can be seen from the chart, today’s surge comes as the 14-day relative strength index (RSI) moved beyond a ceiling of its own.
The index climbed above a resistance level of 52.00 earlier in the day, and as of writing is tracking at 55.00.
Despite this afternoon’s report, we will likely see more volatility on Wednesday, as traders get ready for the upcoming U.S. Federal Reserve rate decision.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you