readCrypto

Bitcoin (BTC) - November 25

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
28130.0-29300.0 or higher: Expected to continue upward trend


Looking at the CCI-RC indicator, we can see that the CCI line is above the +100 point, indicating that it is already in an uptrend.

However, as it is below the EMA line, it can be said that the uptrend was limited.

If the CCI line breaks above the EMA line and rises, it is expected to lead to a sharp rise.


We need to see if the center line is rising as the green width of the OBV in the volume indicator increases.

An increase in the green width of OBV means that the buying trend is increasing.


(1D chart)
First resistance section: 60383.36-63162.53
Second resistance section: near point 71500.03

First support section: near the 54825.02 point
Second support section: 46487.52-49266.69


During the volatility period around November 29 (up to November 20-30), you need to see if there is a sharp rise in the first support zone.

This is because such a sharp rise is expected to result in a movement similar to the A section indicated in the wRSI_SR indicator.

However, as the CCI line has fallen to +100 in the CCI-RC indicator, it is expected that it will take time to stock up on strength.


If it continues sideways in the section 56578.21-66001.41 formed in the high point section, it is expected to create a bigger uptrend in the future.


In a previous post, I mentioned that a short-term Stop Loss is needed if the price falls from the 59500 point.

I think that this short-term stop loss section is a time to give a buying opportunity to those who want to make a new investment or proceed with a stop loss according to the average purchase price.

Therefore, it is necessary to check which section is supported.


If you look at the Market Cap chart below, the USDT chart and the USDC chart are showing different movements.

The USDT and USDC charts are stablecoins with high market capitalization rankings, and I think they make the movement of funds in the coin market somewhat predictable.

The rise of the USDC chart is an indication that investors in the US are investing more in the coin market.

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(BTCUSDTPERP 1D Chart)
First resistance section: 62697.4-65574.9
Second resistance section: near point 74207.2

First support section: near 56942.5 point
Second support section: near the 48310.2-51187.6 point


During the volatility period around November 29 (up to November 24-30), we need to see if we can move higher with a sharp move.

If you find resistance by dropping from the 54987.2 point, you may want to touch the second support zone, so trade with caution.

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(Market Cap Chart)
You should see how the flow of money changes rather than changes in the price chart.
So, you should check the trend of USDT chart and USDC chart.

When the prices of BTC and ETH fall, funds are rather coming into the coin market.


A harbinger of a transition to a downtrend in the coin market
- BTC price drop
- BTC Dominance Rise
- USDT dominance rise

In that sense
BTC Dominance (BTC,D): Should rise above the 47.64-48.81 section.
USDT Dominance (USDT.D): Must rise above 3.374 point.


A phenomenon that can be seen as a change in the coin market to a downtrend
- USDT Chart: Falling below 58.376B
- USDC Chart: Falling below 23.858B
- BTC.D chart: rise above 56.78 points
- USDT.D chart: rise above 4.158 point


BTC and ETH are taking turns leading to an upward trend in the coin market.

As I said in my previous post, we need to see if we can lead the upward trend from ETH-led to BTC-led during this volatility period.

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(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that fits your average unit price rather than a trade based on prediction.

Looking at the big picture, I think a 4-5 wave is going on.


Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.

The expected ascent section is near the 80574.0-83397.0 section.
This is an estimated value considering the fluctuation range that has risen from the 1st section to the 2nd section.

There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section b.

If it fails to break through section a upward, I think it can represent the same flow as section A.


If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a downtrend continues.

If the 38K section is touched, it is expected to lead to a sharp rise.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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코멘트:
(XBTUSD Chart)

(General Heikin Ashi 1D chart)

(Candle 1D Chart)


It can be seen from the Heikin Ashi chart that depending on which direction there is a tail, it is more likely to move in the direction where a lot of tail occurs.


By marking the Heikin Ashi body part as an indicator setting on a general Candle chart, you can predict the direction by looking in which direction it deviated a lot.

In addition, the color of the body part of Heikin Ashi made it possible to know the change of the trend.


Near the 56641.5 point, the Heikin Ashi body is showing a transition from a downtrend to an uptrend.

Accordingly, if the price holds above the 56641.5 point, we can say that it is more likely to turn into an uptrend.


However, since it is located below the MS-Signal indicator, if it does not rise above the MS-Signal indicator, it may end up rebounding and fall again, so careful trading is required.


I think the above method is a simple way to spot a trend.



Seeing support and resistance is not easy.

Because it requires a lot of patience.

If you can't tell at once whether you're getting support or resistance, you can wait to find out.

Most of these movements will be noticeable in 1-3 days.
코멘트:
The indicators included in the chart are private indicators.
However, you can share the chart, copy the indicator and paste it into the chart you are using.

All functions can be used normally.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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