readCrypto

In order to continue the new transformed flow...

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

(USDC 1D chart)


(BTC.D 1D chart)
As it rose above 40.44, the coin market began to show new changes.


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

Next period of volatility: Around December 10th

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(BTCUSDT 1M Chart)

(BTCUSD INDEX 1M Chart on TradingView)

What differs from the TradingView BTCUSD chart is the volume and location of the HA-Low line.

It can be seen piecemeal that a lot of trading has been done on Binance compared to other exchanges.

Looking at the range of change between the highest peak and the lowest trading volume, it is 32.12%.

It seems that the decline is low compared to the record of the transaction volume that can not be found in history.


The HA-Low line is not on the Binance chart, but is located at 4234.93 on the TradingView chart.

So, on the 1M chart, it is fragmentary that we are not in a position to make a purchase just yet.

You need to shake it up and down more to see if it makes the HA-Low line rise.


(1W chart)
It is showing a decline as it failed to rise above 17.1K.

When the candle closes this week, we need to see if the HA-Low line forms at 17880.71.

You also need to make sure that your Heikin Ashi body can keep the rising sign.

Important sections are circled.



(1D chart)
It is showing a decline after encountering resistance at 17176.24.

Meanwhile, it fell below the MS-Signal indicator.


If the price holds above 16428.78, I would expect it to maintain the newly changed flow, so I need to see if it finds support near the HA-Low line.

Therefore, it is necessary to check whether it can be supported around 16590.54-16740.30.


This period of volatility runs until December 8th, so you need to be careful with your trades.

The next period of volatility is around December 17th.


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.

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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:
(NAS100USD + DXY + XAUUSD 1D Chart)
On the NAS100USD chart, we have entered the section where we can create the pull back pattern mentioned in the broadcast.

The key is whether it can rise with support around 11366.9.
Trade closed: target reached:
(BTCUSDTPERP 1h chart)
It fell below 16984.9 and touched the vicinity of 16729.8, so the 'SHORT' position was first sold.

If it fails to rise above 16984.9, there is a possibility of touching the 16422.6-16580.6 section, so you need to think about countermeasures.


Since the 5EMA line and the M-Signal line on the 1D chart are closest, if you see a rise above 16984.9, it is likely to rise sharply.

[Example of exchange chart setup]

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

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.