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(XBTUSD 1W Chart) - Medium to Long-Term Perspective Above the 27650.0-29350.0 section: The upward trend is expected to continue.
Above 47010.0 point: Expected to create a new wave.
As the green width of OBV in the volume indicator increases, it is necessary to check if there is an upward movement in the center line.
On the wRSI_SR indicator, we need to see if the RS line can hold above 80 until the SR line rises above 80.
In the CCI-RC indicator, it is necessary to check whether the CCI line can be maintained above the +100 point. In particular, it is necessary to check whether the flow can be seen to rise above the EMA line.
However, the same movement as in section A may occur, so it is recommended to check that there is an upward movement. However, as it is a 1W chart, it is reflected too late, so we need to make sure that the price stays above the 58464.0 point.
If it goes down in section a, it is expected to touch the uptrend line passing through section b.
In fact, I think that's unlikely. Please refer to the explanation of the Market Cap chart for the reason.
(1D chart) First resistance section: 60811.0-63634.5 Second resistance section: near the 72104.0 point
First support section: near 55164.5 point Second support section: 46695.0-49518.0
I mentioned in a previous post that we need to see if the volatility between November 14th and 25th can lead to a shift from ETH-led to BTC-led.
However, it still seems to be continuing the upward trend of the coin market, led by ETH.
However, it is necessary to check whether BTC can continue its upward trend due to the volatility around December 3 (December 2-4).
For that to happen, BTC price must rise above or above the first resistance zone.
If the BTC price declines from the 53976.5 point, it may touch the second support zone and a short-term Stop Loss is required.
However, it may touch the second support section and rise, so you need to think about countermeasures.
If BTC price rises above the 66059.5 point, it is expected to accelerate the upward trend.
(ETH chart explained) It is important to keep the price above the 4220.37 point to continue the uptrend.
Therefore, it is necessary to check if the 4191.93-4464.22 section can find support and continue the uptrend.
If ETH price holds above the 4372.72 point, it is expected to move along the uptrend line (1).
After the 4191.93-4464.22 section, the next most important support section is the 3582.10-3885.52 section.
This is because it is believed that there is a possibility of a downtrend if this section is the previous high section and if it declines in this section.
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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.
In order to transition into a short-term uptrend, the price must remain above the 60042.8 point.
If you find resistance by falling from the 54987.2 point, you may need to trade cautiously as you may touch the second support zone.
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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 need to 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): It should rise above 3.374 points.
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.
(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 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, as 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 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.
** 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 been released yet. (Since it is not publicly available, 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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הערה
(Market Cap Chart) The rise of USDC is closing the gap between USDT and USDT.
Although USDT, which is widely used globally, is showing a downward movement, it seems that the price of the coin market is being defended by the rise of USDC.
This appears to be a large influx of funds from US investment institutions after Coinbase's listing on Nasdaq.
It is considered to be evidence that funds in the coin market are being replaced.
If it falls below the 58.376B point on the USDT chart, you should watch the movement of the USDT chart carefully as I think the coin market is likely to turn into a downtrend.
Also, we need to see if the USDC chart is falling below the 23.858B point.
If not, the coin market is expected to continue its upward trend.
We need to see if the USDT.D chart is finding resistance at the 2.910 point with the volatility around December 13th.
(BTCSTUSDT 1D Chart) It is a token whose price is formed by the BTC hash rate.
Bollinger Bands are starting to show signs of convergence. Accordingly, it is necessary to check whether there is a movement higher than the 38.32 point due to the volatility around December 3rd.
If the price is maintained in the range of 24.93-33.87, it is expected to turn into an uptrend.
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