readCrypto

Bitcoin (BTC) - November 30

BINANCE:BTCUSDT   Bitcoin / TetherUS
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I think the rise above the 17892.0 point has boosted expectations for the rise.

However, I think the current position is at the boundary between a rebound and an upside.
Therefore, the possibility of touching the 17892.0 point again cannot be ruled out.

The volatility around November 30 (November 29-December 1) will have to see if there is any movement that deviates from the 17892.0-18719.11 segment.

I think it is important to be able to maintain the price above 17176.24 points from around December 5th to 11th around December 5th in order to regain the direction of volatility that started around November 26th.

If it falls from the 17892.0 point, it is a short stop loss.

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(Coinbase BTCUSD 1D chart)
We should watch for any movement that deviates from 17889.14-18721.93

Short-term Stop Loss Point: When falling from 17889.14

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(OKEX BTCUSDT 1D chart)
It should be observed between around 30 November and around 7 December for any movement that deviates from the 17247.6-19050.4 section.
You also have to see if you can go up along the uptrend line (5).

Short-term Stop Loss point: When falling from 17852.6 point

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(BTC Dominance 1D Chart)
You should watch for any movement that deviates from 62.12-63.38.
If I get resistance at the uptrend line (5), I think there could be further declines.

I think the decline in BTC dominance is more related to the rise and fall of altcoins prices than the rise and fall of BTC prices.
Hence, a decline in BTC dominance is close to an increase in the price of altcoins.

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(USDT Dominance 1D Chart)
We have to see if we can get resistance at 3.596 and move down to 3.285.

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(OTHERS 1D chart)
(Market capitalization of altcoins excluding BTC and major coins)
If we get support at 42.612B, we can expect further gains.
Therefore, without a sharp decline in BTC price, altcoins' prices are expected to rise.

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** 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 are not trading 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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