readCrypto

Need to rise in line with the new trend of the 1W chart...

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello?
Traders, welcome.

If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.

-------------------------------------

(USDT 1D chart)

(USDC 1D chart)

The fall in the gap between USDT and USDC means that money is being withdrawn from the coin market.

Therefore, even if there are price fluctuations in the coin market, if USDT and USDC continue to show a gap decrease, the coin market will eventually show a decline.


(BTC.D 1D chart)
The rise to BTC dominance shows that funds are concentrated towards BTC.

At this time, it is important to check whether the USDT dominance is rising or falling.

(USDT.D 1D chart)
A rise in USDT dominance means a fall in the coin market.

So, the question is whether it can find resistance around 8.11-8.22 and drop below 7.86.

If it does not and rises, the coin market will show a decline again.
The key is whether it can drop to around 7.86.

We need to see what kind of volatility will occur between December 9-11.

-----------------------------------------

(BTCUSDT 1W chart)
The most important point from the current position is whether it can rise above 20050.02.

To do so, we need to see if it can rise above 17880.71, the point of the newly formed HA_Low line.

If not, I would expect it to move down the downside channel and eventually drop back to around 13500.0.


(1D chart)
The question is whether it can rise above 17880.71, the new expected HA-Low point on the 1W chart.

If it fails to move higher, it is important to be able to keep the price above 16428.78.

To continue the new trend, the price must be maintained above 16428.78.


To turn into an uptrend, the price needs to stay above the HA-Low line and above the MS-Signal indicator.

Therefore, it is currently showing resistance at 17176.24, but showing support near the MS-Signal indicator.

Therefore, if the MS-Signal indicator does not show resistance, it is expected to rise.


If there is a decline from 16428.78, there is a possibility of a sharp decline around 15475.10, so you need to think about countermeasures.
is.


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 closely.


If this uptrend ends with a one-off,
1st: 17880.71
2nd: 19176.93
3rd : 20050.02
It is expected to touch the vicinity and fall.

------------------------------

- 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.

-------------------------------------------------- -------------------------------------------

** 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.)

---------------------------------
Comment:
(NAS100USD + DXY + XAUUSD 1W Chart)
☞ The key is whether NAS100USD can rise with support in the 11366.9-11578.2 section.

☞ The key is whether it can fall after receiving resistance at 104.738 on DXY.

☞ The key is whether XAUUSD can fall after receiving resistance at 1780.619.
Comment:
(USDC 1D chart)
When the candlestick opens tomorrow, it will be necessary to see if there is a gap, but now it appears that the gap has opened up.

[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.