readCrypto

Bitcoin (BTC) - November 29

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

(USDC 1D chart)


(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)
In order for the coin market to show an upward trend, USDT dominance must fall.

So, the question is whether it can drop to around 7.86.

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(BTCUSDT 1D chart)
It is necessary to check whether there is movement out of the 15916.68-16590.54 section.


If the price stays above the HA-Low and above the MS-Signal indicator, we would expect it to rise above 17176.24 during the volatility period.


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.


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 this chart is shared, 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)
The M-Signal line on the 1D chart is falling near the HA-Low line on the 1D chart.

Therefore, whether it can rise above 16580.6 is a key question.

To do so, it needs to break through the 5EMA line on the 1D chart.

In order to break through the 5EMA line, you need to be careful because you can temporarily touch the area around 15908.2.
Comment:
(BTCUSDT 1D chart)
At point 16428.78 the -100 indicator is being created.

Therefore, the key is whether it can rise with support around 16428.78.

If not, you should check if there is support around 15916.68 as I said in the broadcast.

[Example of exchange chart setup]

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

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