readCrypto

Bitcoin (BTC) - November 26

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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As the price rises, we need to make sure we get support at 18950.0.

If it falls between 18179.80-18476.93, it is a short-term Stop Loss.

It remains to be seen if the volatility around the 26th of November leads to any movement outside the 18179.80-19798.68 range.

The time is approaching more and more to decide the direction.
The RS line of the wRSI_SR indicator is expected to fall below 20 points, and the CCI line of the CCI-RC indicator is expected to touch the EMA line.
Therefore, it is necessary to trade carefully on volatility.

I think it remains on the uptrend before falling below the uptrend line (6).
Therefore, it must fall below the 17892.0 point for the trend to change.

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(Coinbase BTCUSD 1D chart)
As the price rises, we need to see if we can get support in the 18830.30-18980.0 range.

If it falls between 18193.29-18488.0, it is a short-term Stop Loss.

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(OKEX BTCUSDT 1D chart)
As the price rises, we need to see if we can get support in the 18688.8-18931.6 range.

If it falls between 18146.3-18381.4, it is a short-term Stop Loss.

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(BTC Dominance 1D Chart)
We have to see if we can move down the 61.20-62.12 range.

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(USDT Dominance 1D Chart)
We have to see if we can get below the 3.285 point.

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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 must 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)
Comment:
(Binance BTCUSDT 1D chart)
It is located between 17176.24-17892.0, falling from 18179.80.
You need to make sure you can get support in the 17176.24-17892.0 section.
We also have to see if we can ascend above 17892.0 points.

If you fall below 17176.24, you can touch 16021.72, so you need to trade to preserve profit and loss.

It remains to be seen whether there can be a rebound due to the entry of the oversold section below 20 points on the wRSI_SR indicator and the crossing signal between the CCI and EMA lines on the CCI-RC indicator.
If it does not fall below the 17176.24 point, it is recommended to watch the situation.
Comment:
(BTC Dominance 1D Chart)
After touching the 61.20-62.12 section, it is rising above the 63.38 point.
We have to see if we can get below the 63.38 point.
If it does not fall below the 63.38 point, the trend of the coin market is expected to turn downward.

(USDT Dominance 1D Chart)
You touched more than 3.760 points in the period from 20 to 27 November.
It remains to be seen if it could fall below the 3.760 point around November 27 (November 26-28), the last volatility period of this period.

If it gains support and rises in the 3.760-4.390 range, the trend of the coin market is expected to turn into a downtrend.

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When viewed on the BTC dominance chart and the USDT dominance chart, there is a high likelihood of a downtrend.

As I mentioned in the description of the Binance BTCUSDT chart, if it falls from 17176.24 due to volatility around November 26th, it is a Stop Loss to preserve profit and loss.
However, it may be a temporary movement due to volatility at this time, so it is recommended to check the flow through the 27th.

If the valuation price is high and it is difficult to withstand a lot of declines, I think it is necessary to think about how to preserve profits and losses by split trading when there is a move to decline after rising above 17176.24 points on the Binance BTCUSDT chart.

(Binance BTCUSDT 1D chart)
We'll have to see if we can ascend faster than 16882.16.
If you touch the uptrend line (5) and the 16021.72 point, there is a possibility of a rebound.

[Example of exchange chart setup]

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

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