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Dear traders, nice to meet you.
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It broke through the section 24749.72-25373.14 upwards at once.
We must see if we can ascend above the 27243.43 point.
If it falls, you need to make sure you get support in the 24749.72-25373.14 range.
If it falls to the 23502.86-24749.72 section, a'Pull Back' pattern may emerge, so careful trading is required.
It is also the section in which proper Stop Loss must be performed.
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(OKEX BTCUSDT 1D chart)
It surged above the 25111.5 point.
We must see if we can ascend above the 26926.3 point.
If it falls, we need to see if we can get support at 24506.6-25111.5.
If it falls to the 23296.8-24506.6 section, a'Pull Back' pattern may emerge, so careful trading is required.
It is also the section in which proper Stop Loss must be performed.
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(Coinbase BTCUSD 1D chart)
It surged above the 25336.02 point.
We must see if we can ascend above the 27197.74 point.
If it falls, we need to see if we can get support from 24.715.45-25336.02.
If it falls between 23474.30-24715.45, a'Pull Back' pattern may emerge, so careful trading is required.
It is also the section in which proper Stop Loss must be performed.
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(BTC Dominance 1W Chart)
BTC dominance is rising to near 72.54 for the first time since September 2019
Altcoins are showing a significantly lower price increase compared to the BTC price increase.
Only some of the altcoins are recording cyclically pumping increases.
I don't think it is a normal market situation.
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(USDT Dominance 1D Chart)
We have to see if we can get below the 2.970 point.
You will also need to watch for possible movements that deviate from 2.754-3.374.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator.
** 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)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
It broke through the section 24749.72-25373.14 upwards at once.
We must see if we can ascend above the 27243.43 point.
If it falls, you need to make sure you get support in the 24749.72-25373.14 range.
If it falls to the 23502.86-24749.72 section, a'Pull Back' pattern may emerge, so careful trading is required.
It is also the section in which proper Stop Loss must be performed.
-------------------------------------------------- ----
(OKEX BTCUSDT 1D chart)
We must see if we can ascend above the 26926.3 point.
If it falls, we need to see if we can get support at 24506.6-25111.5.
If it falls to the 23296.8-24506.6 section, a'Pull Back' pattern may emerge, so careful trading is required.
It is also the section in which proper Stop Loss must be performed.
-------------------------------------------------- ------
(Coinbase BTCUSD 1D chart)
We must see if we can ascend above the 27197.74 point.
If it falls, we need to see if we can get support from 24.715.45-25336.02.
If it falls between 23474.30-24715.45, a'Pull Back' pattern may emerge, so careful trading is required.
It is also the section in which proper Stop Loss must be performed.
-------------------------------------------------- -
(BTC Dominance 1W Chart)
Altcoins are showing a significantly lower price increase compared to the BTC price increase.
Only some of the altcoins are recording cyclically pumping increases.
I don't think it is a normal market situation.
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(USDT Dominance 1D Chart)
You will also need to watch for possible movements that deviate from 2.754-3.374.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator.
** 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)
Comment:
(USDT Dominance 1D Chart)
You should see if you can touch the 2.726-2.754 section.
If you touch the 2.726-2.754 interval, it is expected that volatility will occur.
We must see if this volatility leads to any movement that deviates from the 2.67-2.970 interval.
If it rises above 2.970 points, it is expected that the BTC price may plunge.
If it falls below the 2.670 point, I think there is a possibility that altcoins will rise at once.
However, it is questionable whether altcoins will continue to rise.
If you touch the 2.726-2.754 interval, it is expected that volatility will occur.
We must see if this volatility leads to any movement that deviates from the 2.67-2.970 interval.
If it rises above 2.970 points, it is expected that the BTC price may plunge.
If it falls below the 2.670 point, I think there is a possibility that altcoins will rise at once.
However, it is questionable whether altcoins will continue to rise.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
However, as a personal trader, I think you should always try to earn profits.
Therefore, we believe that earning returns before value investment in the future of XRP is the first.
There is nothing right or wrong.
You should make your investments according to the fundamental principles of profit generation that you think of.
In addition, individual traders usually have limited investments, so they need to maximize their returns by increasing the rotation of their funds.
In conclusion, you have to buy when the price is about to rise after a fall, and sell when the price is about to fall after a rise to establish profit.
I think that the issue of existence of XRP and the issue of delisting are issues that the people involved in these issues will take care of.
As an individual investor, there is nothing that can be solved by discussing and scrutinizing this and that, so I think that you can take protection measures for your investment and focus on earning profits.
Because no one will reward your investment.
I think it's better not to do it with a lot of information when doing trading.
This is because many news and articles on investment are usually released after price volatility has occurred, so if you trade with this, there is a very high probability of wrong trading.
I think that if you understand the flow of the chart and set up a strategy for rising and falling prices, you will be able to react faster than others and eventually earn more profits.
With a lot of interest in XRP, huge rumors, news and articles are pouring out.
I have doubts whether it will be possible to make a profit by trading with these things.
I think it is very bad to proceed with black and white logic in making investments.
In either direction, I need a mindset that I get a profit from what I invest in.
There are only a few days left in 2020.
We wish you a better next year by refining your investment strategy.
Happy New Year!!!