readCrypto

Bitcoin (BTC) - November 25

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(USDT 1D chart)

(USDC 1D chart)

Both USDT and USDC appear to continue to gap lower.

Therefore, the possibility of volatility is increasing, so it is necessary to be cautious in trading.


(BTC.D 1D chart)
A drop in BTC dominance means that money is being concentrated towards altcoins.

Therefore, be aware of the price volatility of BTC.


(USDT.D 1D chart)
The key is whether it can drop to around 7.86.

On the USDT dominance chart, the volatility period is around November 26th.


If you look at the USDT and USDC charts, it seems that funds are being withdrawn from the coin market.

However, there is a phenomenon where funds are concentrated towards altcoins.

Meanwhile, USDT dominance is showing a decline.

This phenomenon can be seen that people who have not been able to recover their funds in the coin market are recovering their funds by pumping coins (tokens) with a low market capitalization.

So, if possible, diversifying funds by trading new coins (tokens) is likely to face great risks in the future.

You should prepare for a major drop by conducting a transaction to reduce the proportion of coins (tokens) you currently hold or a transaction to lower the average purchase price (a transaction method that increases the number of coins (tokens) corresponding to profits).

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(BTCUSDT 1W chart)
It is necessary to check whether the sidewalk can continue from the 15916.68-17572.33 section until the second week of January.

If not, the trend is likely to continue in the direction of a breakout.


(1D chart)
In order to turn into an uptrend, it must rise above the HA-Low and above the MS-Signal indicator.

Therefore, the key is whether the price can be maintained above the currently formed HA-Low line point.

If not, it is more likely to fall.

Once the decline begins, a move below 15475.10 is likely and you need to think about how to respond.


If the price rises and holds it above the HA-Low point, i.e. above 16740.30, the volatility around November 28th is likely to lead to an attempt to break the MS-Signal indicator.

If this breakout attempt continues to hold the price around 16740.30 without significant volatility, there is a possibility of a move above 17176.24.

If your breakout attempt fails, it's important to have support around 15475.10.


Circled zones mark important support and resistance zones.

In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement carefully.


The next period of volatility is around November 28th.


Taking the BTC.D, USDT.D, BTCUSDT, and BTCUSDTPERP charts together, we expect the next period of volatility to span around November 22-28 (November 21-29).

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- big picture
I think you need to be supported in the 13K-15K section to get the power to rise.

Therefore, whether it is rising or falling from its current position, a short-term response is required.

A full-fledged uptrend is expected to start when it rises above 29K.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator includes indicators that indicate points of support and resistance.

** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

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Comment:
(BTCUSDTPERP 1h chart)
To turn into an uptrend, the price must at least stay above the HA-Low line on the 1D chart.

In that sense, the section 16580.6-16729.8 is an important section.


Since the 5EMA line on the 1D chart is rising, volatility is likely to occur by touching the 5EMA line.

If it falls below the 16327.6 area, which is the point where the 5EMA line was broken on the 1D chart this time, it is important to find support around 15908.2.


If it rises above the 16580.6-16729.8 section, it is expected that there will be an attempt to break through the M-Signal line on the 1D chart.


So, it is 16327.6-17170.0, which is the range expected to move today.

A trend is likely to form in the direction of a move out of this area.

However, one concern is that BTC dominance is declining, so the volatility of BTC, that is, the possibility of whipsaw issuance is increasing.

We should be wary of forced liquidations in these moves.
Comment:
(EOSBTC 1W Chart)
In order to gain the power to rise, you need to show support in the range of 0.0000 736 to 0.0001 470.

(EOSUSDT 1D Chart)
The question is whether the price can maintain the price by moving above at least 1.328.

To do so, it must rise above 1.003 and show a sideways trend until all indicators (HA-Low, MS-Signal, HA-High) converge to some extent.

If not, be careful as it could lead to further declines.

[Example of exchange chart setup]

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

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