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(XBTUSD 1W Chart) - Mid-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 the 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 rising 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
We need to see if we can sustain the price by moving up to the first resistance zone.
If the price fails to hold in the first resistance zone and goes down, it is expected to touch the second support zone.
However, if the USDT and USDC charts continue their uptrend, the coin market is expected to continue the uptrend, so I think the downtrend is likely to be short-term.
Rather than how far the price will fall or how far will it rise, it is better to check where the average purchase price of the assets you own belongs to and whether there is a way to lower the average purchase price and increase the number of holdings. I think it's important.
A short-term Stop Loss is required if the first resistance section is unsupported and falls.
These short-term Stop Loss should be made from a short-term perspective.
Also, it will be a new buying point.
You should see if the red width of the OBV in the volume indicator is decreasing. A shift from the red width to the green width is expected to increase the buying force.
On the wRSI_SR indicator, we need to see if the RS line can rise above 80 points. If the RS line rises above the 80 point and is maintained, the BTC price is expected to maintain an uptrend.
On the CCI-RC indicator, we need to see if the CCI line can rise above the +100 point and the EMA line. If the CCI line is maintained in the range of -100 to +100, I think it is highly likely that the BTC price will gradually undergo a price correction.
The next volatility period is around December 3rd.
(ETHUSDT 1D Chart) It is believed that ETH has led the rise of the coin market since October 28th.
In this flow, for BTC to lead the rise of the coin market again, the BTC price must rise above the 66059.5 point (based on the XBTUSD chart).
It is necessary to check if the dominance of the coin market shifts from ETH to BTC due to the volatility between around November 15-24 (up to November 14-25).
An important point on the ETH chart is the 4220.37 point.
The decline from the 4220.37 point, I believe, is encouraging a concomitant decline in BTC price.
However, it is necessary to check whether these movements are converted into rapid movements in the section 3582.10-3885.52.
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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
We need to see if we can move up above the 60042.8 point and follow the uptrend line.
As you get closer to the 54987.2-56942.5 section, you need to check whether there is a sharp movement.
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 (up to November 24-30).
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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 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): 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 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 the A section.
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 yet been released. (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 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
(BTC 1W chart)
הערה
(Market Cap Chart) BTC Dominance (BTC.D Chart): Down USDT Dominance (USDT.D Chart): Rising Accordingly, it can be seen that the coin market is undergoing a price correction.
For the coin market to turn into a downtrend, the following movements must be captured. - BTC Dominance: Rise - USDT Dominance: Rising
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(USDT 1M Chart)
(1W chart)
(1D chart) You can see that the funds have been stagnant since November 10th.
As long as the USDT chart does not go down, I expect the coin market to maintain an upward trend.
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(BTCUSDTPERP 1D Chart) You should check if there is a sharp movement in the section 54987.2-56942.5.
We need to see if we can move above the 62697.4 point with this sharp move.
If it falls from 54987.2 point, it can touch the 48310.2-51187.6 section and below, so you need to trade cautiously.
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