readCrypto

Bitcoin (BTC) - December 20

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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

41950.0-46930.0 or more: Expected to create a new wave.


In the CCI-RC indicator, the CCI line is falling below the +100 point.
Accordingly, there may be sudden movements, so careful trading is required.

If the CCI line rises above the +100 point and the EMA line rises above the EMA line, the upward trend of BTC price is expected to accelerate.


One interesting phenomenon is that it has been 3 weeks since the RS line has fallen below the 20 point on the wRSI_SR indicator.

We should see if the RS line rises above the 20 point next week to indicate an uptrend.


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

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


It must move above the 50931.30 point to turn into a short-term uptrend.

A decline from the 45135.66 point could lead to a fall near the 38150.02 point, requiring a short-term Stop Loss.

However, it is possible to touch the C channel and rebound, so you need to think about how to respond.


The section 45135.66-50931.30 is a sidewalk section.


It is necessary to check whether the red width of OBV in the volume indicator changes to the green width.

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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


In order to turn into an uptrend, the price must rise above the 50758.4 point to hold the price.


Before the 23rd-27th of December, we need to see if the price is above the 48310.2 point to break out of the downtrend line.

If it doesn't, chances are it's going downhill near the 39677.8 point.


The next volatility period is around January 12, 2022.

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(Market Cap Chart)
(Full: www.tradingview.com/x/jxtXhurv/)
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.

(If the USDT and USDC charts are in an uptrend, the coin market is expected to continue the uptrend.)


On the USDT.D chart, we need to see if we can move below the 3.374 point during the 20-22 December volatility period.


If the following phenomena do not occur, the coin market is expected to maintain an upward trend.

Prelude 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

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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 matches your average unit price rather than a trade based on prediction.

Looking at the big picture, I think 4-5 waves are 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 expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.

There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and 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 bear market 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 the price trend is in an upward trend or a downward trend, 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 be able to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for 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 been released yet.
(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 a 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:
(BTCUSDT + ETHUSDT 1D Chart)

(BTC Chart)
A decline below the 45135.66 point or a move above the 50931.30 point is expected to form a trend.

As such, we need to see if we can move above the 46930.0 point with the December 21-24 volatility.


(ETH Chart)
We need to see support and resistance forming at the 3781.93 point and see if we can move above the 3885.52 point.

If we get resistance at the 3781.93 point, we expect it to touch below the 3582.10 point.

However, since the 3582.10-3885.52 section corresponds to the previous high point section, a sharp movement may occur within this section, so careful trading is required.


(common)
In the CCI-RC indicator, it is necessary to check whether the CCI line can be converted into an uptrend by rising above the EMA line.

If the CCI line rises above the +100 point, it is expected to accelerate the uptrend.

However, the red width of OBV in the volume indicator should be converted to green width.
코멘트:

[Example of exchange chart setup]

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

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