Bitcoin (BTC) - December 13 (with 1W chart)
Good morning?
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It remains to be seen if the volatility between around December 11th-17th leads to a movement that deviates from the maximum of 17176.24-19798.68.
Touching the 17176.24-17892.0 interval and the uptrend line (5) is expected to create a new wave with the new uptrend line.
It remains to be seen whether this new wave will continue the upward trend or turn to a downward trend.
We believe that movements outside of the 17176.24-17892.0 section and 18719.11-19300.0 section can make a change in the trend.
If you climb above the 19300.0 point, the 18719.11 point is the short-term stop loss point.
We need to see if this move could lead to a move that attempts to break above the 19798.68 point.
Looking at the wRSI_SR indicator, we need to make sure we can complete the bullish divergence as I said before.
(1W chart)
The bottom of the Heikin Ashi body candle is located near the 17892.0 point.
If there are new candles, the positions of the Heikin Ashi body candles will change as well.
I think the Heikin Ashi candle is a candle indicator (?) provided by default in the chart and is used to check the trend.
The Heikin Ashi candle provided by default in the chart is a lagging indicator (?) because it moves based on the closing price.
Therefore, I think that it is possible to determine the position more accurately only by looking at it with a general candle, so it is shown together.
I think that most of the secondary indicators located at the bottom of the chart should be interpreted based on 1D charts.
Other period charts may be less accurate.
However, it is explained to see the basic flow.
From the wRSI_SR indicator, the RS line is falling below 80 as it crosses the SR line.
It is falling at 80, so it is expected to show a short-term downtrend.
However, since the strength of the decline and the location of the BTC price are unknown, the price movement and volume increase or decrease must be checked separately.
The RS and SR lines break above the downtrend line, creating a new wave.
The RS line is expected to touch the downtrend line.
On the CCi-RC indicator, it has maintained an upward trend.
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(Coinbase BTCUSD 1D chart)
It's supported at 18721.93, and we have to see if we can climb above 19385.0.
You should also check if volatility around December 14th (December 13-15) rises along the uptrend line (4), resulting in an attempt to break above the 19891.99 point.
If you climb above the 19385.0 point, the 18721.93 point is the short-term stop loss point.
(1W chart)
The bottom of the Heikin Ashi body candle is located near 17889.14.
From the wRSI_SR indicator, the RS line is falling below 80 as it crosses the SR line.
On the CCi-RC indicator, it has maintained an upward trend.
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(OKEX BTCUSDT 1D chart)
It is rising more than 18688.8 points between December 12th and 19th.
We have to see if we can get support at 18688.8 and rise above 19050.4.
If you climb above the 19050.4 point, the 18688.8 point is the short-term stop loss point.
(1W chart)
The bottom of the Heikin Ashi body candle is located near the 17852.6 point.
From the wRSI_SR indicator, the RS line is falling below 80 as it crosses the SR line.
--------------------------------------------
(BTC Dominance 1D Chart)
We need to see if we can get resistance and decline at the uptrend line (5) and downtrend line (3).
If BTC dominance continues to rise, I think the price of altcoins is likely to decline.
-------------------------------------------
(USDT Dominance 1D Chart)
It remains to be seen if it can drop below the 3.596 point.
If it doesn't deviate from the downtrend line (1), I think it's likely to fall.
-------------------------------------------------- -------------------------------------------
** 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) Gap (G1-G2)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
It remains to be seen if the volatility between around December 11th-17th leads to a movement that deviates from the maximum of 17176.24-19798.68.
Touching the 17176.24-17892.0 interval and the uptrend line (5) is expected to create a new wave with the new uptrend line.
It remains to be seen whether this new wave will continue the upward trend or turn to a downward trend.
We believe that movements outside of the 17176.24-17892.0 section and 18719.11-19300.0 section can make a change in the trend.
If you climb above the 19300.0 point, the 18719.11 point is the short-term stop loss point.
We need to see if this move could lead to a move that attempts to break above the 19798.68 point.
Looking at the wRSI_SR indicator, we need to make sure we can complete the bullish divergence as I said before.
(1W chart)
The bottom of the Heikin Ashi body candle is located near the 17892.0 point.
If there are new candles, the positions of the Heikin Ashi body candles will change as well.
I think the Heikin Ashi candle is a candle indicator (?) provided by default in the chart and is used to check the trend.
The Heikin Ashi candle provided by default in the chart is a lagging indicator (?) because it moves based on the closing price.
Therefore, I think that it is possible to determine the position more accurately only by looking at it with a general candle, so it is shown together.
I think that most of the secondary indicators located at the bottom of the chart should be interpreted based on 1D charts.
Other period charts may be less accurate.
However, it is explained to see the basic flow.
From the wRSI_SR indicator, the RS line is falling below 80 as it crosses the SR line.
It is falling at 80, so it is expected to show a short-term downtrend.
However, since the strength of the decline and the location of the BTC price are unknown, the price movement and volume increase or decrease must be checked separately.
The RS and SR lines break above the downtrend line, creating a new wave.
The RS line is expected to touch the downtrend line.
On the CCi-RC indicator, it has maintained an upward trend.
--------------------------------------------------
(Coinbase BTCUSD 1D chart)
It's supported at 18721.93, and we have to see if we can climb above 19385.0.
You should also check if volatility around December 14th (December 13-15) rises along the uptrend line (4), resulting in an attempt to break above the 19891.99 point.
If you climb above the 19385.0 point, the 18721.93 point is the short-term stop loss point.
(1W chart)
The bottom of the Heikin Ashi body candle is located near 17889.14.
From the wRSI_SR indicator, the RS line is falling below 80 as it crosses the SR line.
On the CCi-RC indicator, it has maintained an upward trend.
-----------------------------------------------
(OKEX BTCUSDT 1D chart)
It is rising more than 18688.8 points between December 12th and 19th.
We have to see if we can get support at 18688.8 and rise above 19050.4.
If you climb above the 19050.4 point, the 18688.8 point is the short-term stop loss point.
(1W chart)
The bottom of the Heikin Ashi body candle is located near the 17852.6 point.
From the wRSI_SR indicator, the RS line is falling below 80 as it crosses the SR line.
--------------------------------------------
(BTC Dominance 1D Chart)
We need to see if we can get resistance and decline at the uptrend line (5) and downtrend line (3).
If BTC dominance continues to rise, I think the price of altcoins is likely to decline.
-------------------------------------------
(USDT Dominance 1D Chart)
It remains to be seen if it can drop below the 3.596 point.
If it doesn't deviate from the downtrend line (1), I think it's likely to fall.
-------------------------------------------------- -------------------------------------------
** 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) Gap (G1-G2)
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