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!
Btcdominance
Position Entry Criteria: Find in the flow of the 1D chart...Hello?
Traders, welcome.
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-------------------------------------
(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
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC update.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-BTC effectively bounced with a decent volume after breaking out the symmetrical triangle and the recent high of $17,424. Currently, BTC hit the liquidation box and grabbed a ton of upside liquidity.
For the bullish continuation, it needs to break the liquidation box with a substantial volume, while a dismissal from here would indicate a retest above $17,350.
Bitcoin was pumped after the CPI data release and tested the $18,100 level. We may see another test to go above the resistance level. If BTC is able to break and hold above $18,500 then we see good positive movement in the market.
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.
When the HA-High line goes down, let's gather strength to surge!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 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 1D chart)
The rise to BTC dominance shows that funds are concentrated towards BTC.
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)
It will be a question if the price can be maintained above 17880.71.
To do so, it is necessary to confirm that it can be supported and ascended in the 17601.15-17880.71 section.
If it falls below 17601.15, I would expect price to stay above 17176.24 to sustain the uptrend.
To move up to the next target point, T2, the rate needs to break through the downtrend line passing around 1835.11.
In order to do that, I think we must first show how new funds come into the coin market.
If not, there is a possibility that you will only try to break through and go down.
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.
------------------------------
- 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.)
---------------------------------
Let's move up to 17.8K, an important point that is forming anew!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)
If USDC continues to break the gap below the 39.675B-42.563B range, I think the coin market is likely to enter a recession.
Therefore, when entering this section, the key is whether funds can flow in.
(BTC.D 1D chart)
It is necessary to check whether there is movement out of the 40.44-41.06 section.
I think we should focus on the fact that BTC dominance will continue to rise in the future.
So, when BTC dominance rises, what matters is whether USDT dominance is falling.
(USDT.D 1D chart)
During the volatility period around December 10 (Dec 9-11), the question is whether it can find resistance at 8.11-8.22 and drop below 7.86.
USDT dominance is good only when it is a falling candlestick on the 1D chart.
Market Cap charts can always have gaps.
So, even if there is a gap, if the candlestick on the 1D chart is a bearish candle, the coin market will be bullish today.
---------------------------------------
(BTCUSDTPERP 1D Chart)
The HA-Low line on the 1W chart formed at the 17864.7 point.
Therefore, an apt move is expected to change from 17170.0 to 17864.7.
Therefore, it is expected to touch around 17864.7.
If it touches around 17864.7, you must keep the price above 17170.0.
If it doesn't and it falls, it will fall around 16422.5.
If resistance is found at 16422.5, a move below 15328.7 is likely to renew the lows.
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.
As it fell below 16984.9, the main position was briefly held as 'SHORT' position, but as it rose above 16984.9 again, the main position was switched to 'LONG'.
I think there is a limit to writing these contents.
Therefore, I think it will be helpful to understand the contents by watching the stream.
Since it is risky to enter the current position, it is possible to enter 'LONG' when it rises after confirming that it is supported at 17302.2.
At this time, it is expected to touch the vicinity of 17590.0-17864.7, so it is the first selling section.
The entry point for the 'SHORT' position is when it still encounters resistance at 16984.9.
However, if it rises above 16984.9 as before, you must switch to 'LONG'.
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.
We will have to check when a new candlestick is created on the 1D chart, but it seems that funds are currently flowing into USDC.
Additionally, it is necessary to check whether funds are coming into the coin market or whether more funds will be withdrawn from the coin market.
What we need to do with this move is to properly reduce the number of coins (tokens) we currently hold to prepare for future declines.
The reason is that the money flow in the coin market is trending down.
------------------------------
- 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.)
---------------------------------
💥Weekly Timeframe Analysis for $TOTAL#TOTAL (UPDATE)
Here is what to expect on crypto total market cap for the next few months. $TOTAL is clearly bearish. But we may see a small pump towards $850B - $900B for market to seek liquidity before the drop. If price should drop from $900B market cap to $640B then $558B, imagine the outcome on Bitcoin.
Also, if the crypto total market cap should drop from its CMP @ $804B market cap to $400B which is -2x, what price do you think Bitcoin price will fall to??
$8,500; $9,500; $10,500, $11,500?
What’s your perspective?
Not a financial advice 🙅🏼♂️
Share your opinion in the comment section✍️
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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) started the week in the red, as traders prepared for a big week of economic announcements from the United States.
Inflation figures will be released on Tuesday, and are expected to fall to 7.3%, down from 7.7% the month prior.
BTC/USD fell to an intraday low of $16,899.39 during Monday’s session, a day after hitting a high of $17,245.64.
As seen from the chart, today’s decline saw bitcoin move lower for a fourth straight day, edging closer to a floor of $16,700 in the process.
The 14-day relative strength index (RSI), which is currently tracking at 47.42, is also nearing a resistance of its own at 46.00.
Depending on tomorrow’s inflation figure we could see BTC move below $16,700, potentially toward the $16,000 mark.
This is not a piece of financial advice.
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(USDT 1D chart)
(USDC 1D chart)
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 1D chart)
The rise to BTC dominance shows that funds are concentrated towards BTC.
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.
We need to see what kind of volatility will occur between December 9-11.
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(BTCUSDT 1W chart)
The most important point from the current position is whether it can rise above 20050.02.
To do so, we need to see if it can rise above 17880.71, the point of the newly formed HA_Low line.
If not, I would expect it to move down the downside channel and eventually drop back to around 13500.0.
(1D chart)
The question is whether it can rise above 17880.71, the new expected HA-Low point on the 1W chart.
If it fails to move higher, it is important to be able to keep the price above 16428.78.
To continue the new trend, the price must be maintained above 16428.78.
To turn into an uptrend, the price needs to stay above the HA-Low line and above the MS-Signal indicator.
Therefore, it is currently showing resistance at 17176.24, but showing support near the MS-Signal indicator.
Therefore, if the MS-Signal indicator does not show resistance, it is expected to rise.
If there is a decline from 16428.78, there is a possibility of a sharp decline around 15475.10, so you need to think about countermeasures.
is.
The next period of volatility is around December 17th.
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.
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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.
** 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.)
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