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Bitcoin (BTC) - November 18

BINANCE:BTCUSDT   Bitcoin / TetherUS
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It is on the rise, breaking above the 17176.24 point.
We must see if we can ascend above the 17765.74 point.

If it falls, we need to see if we can gain support and rise in 17176.24-17295.20

The next volatility period is around November 20-23.

As there is no surge breaking above the uptrend line (7) and continuing to rise in this pattern, it remains to be seen if the altcoins move.

It is not easy to catch Stop Loss as you have passed all of the expected ascent target points.

At the end of the day, I think it is time for a strategy to prepare for a sudden drop by placing a pre-order by modifying the Stop Loss based on the closing price.

Set the Fibonacci retracement ratio so the highest point is at 20358.88.

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(Coinbase BTCUSD 1D chart)
We have to see if we can ascend above 17715.28.
We have to see if we can get support and climb in the 17178.0-17493.0 range.

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(OKEX BTCUSDT 1D chart)
The volatility around November 18th (November 17th-19th) should determine where they are getting support.

If you sideways near 17122.3, the next volatility period is expected to be around November 26th.

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(BTC Dominance 1D Chart)
We have to see if it touches the 67.44 point between November 19-21.

If you touch the 67.44 point and start falling, the altcoins are likely to start rising.
However, if it rises above 67.44 points, it is expected that more and more coins will renew their lows this year.

Therefore, you should not climb above 67.44 points.
If it goes up, I expect the BTC price to start falling eventually.

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(USDT Dominance 1D Chart)
You should check for any movement that deviates from the 3.596-3.760 segment.

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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening

[Example of exchange chart setup]

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

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