readCrypto

Bitcoin (BTC) - December 15

BINANCE:BTCUSDT   Bitcoin / TetherUS
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You should watch for any movement that deviates from the 18719.11-19300.0 section.
If it falls at 18719.11, it is a short-term Stop Loss.

According to the wRSI_SR indicator, the RS line rose above 80 and overbought.
So, we have to see if we can get support at the current price point.

When the indicator turns into a short-term downtrend, it is likely to come out as a further uptrend if the price can hold the price at the current price point.

We have to see if we can keep the price above the 18950.0 point to provide room for further upside.

Looking at the CCI-RC indicator, we must see if there is any movement of the CCI line rising above the EMA line.

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(Coinbase BTCUSD 1D chart)
We should watch for any movement that deviates from the 18721.93-19385.0 segment.
If it falls from 18721.93, it is a short-term Stop Loss.

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(OKEX BTCUSDT 1D chart)
We have to see if we can get support and ascend at 19050.4.
If it falls from 18688.8, it is a short-term Stop Loss.

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(BTC Dominance 1D Chart)
It remains to be seen if volatility around December 15 will find resistance at the uptrend line (5) and the downtrend line (3) and fall.

If it rises above 64.86 points, it is expected that altcoins will fall again.
I think that in order for altcoin price to rise, it must fall below 63.38 point.

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(USDT Dominance 1D Chart)
The volatility around December 15 puts resistance at the 3.596 point, and it remains to be seen if it can move below the downtrend line (2).
You should also check if you can drop below the 3.285 point.

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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** 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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)

[Example of exchange chart setup]

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

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