Bitcoin (BTC) - November 20

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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
תמונת-בזק
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.


It is necessary to check 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 indicates 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


It showed departures at 56578.21 and 66001.41 points.

We need to see if support is found above the first support section (53951.43-56578.21) and rises to the first resistance section.


This deviation is shown as the movement of the RS line deviating from the convergence channel in the wRSI_SR indicator.

However, in the CCI-RC indicator, the CCI line fell below the EMA line and below the +100 point, adding to fear of a decline.

So, you should check the movement around November 29th (November 20-30), the volatility period.

If the price holds above the 56578.21 point, I would expect it to rise above the 59500.0 point.

However, it is expected that the price will change to a short-term uptrend only when it rises above the first resistance section and maintains the price.


A decline from the 53951.43 point may touch the second support area, requiring a short-term Stop Loss.

(These short-term Stop Loss is recommended for those who are familiar with short-term trading or those who are located near the average purchase price, and who feel that a response is necessary.

Selling 100% in the short-term Stop Loss section is a very risky trade.
Up to 50% or less, you need enough Stop Loss to calm your psychological state in rising and falling prices.

The short-term Stop Loss section can be a good buying section for those who are new to entering, so you need to check in which section a sudden movement occurs.)

During this period of volatility, you should check for movement outside the 59500.0-71500.03 interval.

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(BTCUSDTPERP 1D Chart)
תמונת-בזק
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


You touched the first support zone.

It is necessary to check whether there is a sudden movement in the section 54987.2-56942.5.

The sharp move should see if we can move towards the first resistance area between 24-30 Nov.


The next volatility period is around November 29 (maximum November 25-30).

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(Market Cap Chart)
תמונת-בזק
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 period of volatility.

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(XBTUSD 1M Chart) - Big Trend
תמונת-בזק
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 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 expected 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 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 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.
(Because it is not public, 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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הערה
I think the coin market will no longer be marginalized as themes that allow real business to appear in the coin market.

The coin ecosystem is expanding around coins with high market capitalization, and new tokens are being included in this ecosystem.


Currently, the coin market is located in a high price range, so it is difficult to easily make an investment.

However, in this market situation, I think it is a good market situation to classify coins that are worth investing in the medium to long term.


We need to find a way to check the ecosystem of coins.
הערה
(ETHUSDT 1D Chart)
תמונת-בזק
I think it is the period to see if the uptrend of the coin market can turn from ETH-led to BTC-led. (November 14-25)

Looking at the current movement, it is still believed that the rising ETH price is driving the upward trend of the coin market.


An important point to continue the uptrend is the 4220.37 point.

Therefore, you should see support at the 4191.93-4464.22 zone and see if it moves along the uptrend line.
הערה
(Market Cap Chart)
תמונת-בזק

(BTC + ETH 1D chart)
תמונת-בזק
BTC Chart: Volatility Period Between November 20-30
ETC Chart: Volatility Period Between November 14th and 25th
We need to see any movement during the volatility period above.
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTBTCUSDTPERPChart PatternsTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominanceXBTUSD

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