readCrypto

If the conditions for a short-term bullish reversal are met...

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

(USDC 1D chart)


(BTC.D 1D chart)
Next period of volatility: December 4-6


(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 1W chart)
It is necessary to check whether the Heikin Ashi body can be converted into an ascending sign.


(1D chart)
The question is whether the price can sustain it by moving above 17176.24.

If not, it is important to have support around 16428.78.


A likely bullish point is expected to be seen above 17572.33.

However, if funds do not come into the coin market, I think there is a high possibility that the 18353.11-18719.11 section cannot be broken upward.

If you see money flowing into the coin market or if you see a decline around 7.27 of USDT dominance, there is a possibility that BTC is rising around 19176.93.


The condition for turning into an uptrend is to maintain the price by rising above the HA-Low line and above the MS-Signal indicator.

When the price is maintained like this, if the MS-Signal indicator turns into an uptrend, the possibility of continuing the uptrend increases.

We need to make sure that it can be a day that can satisfy those conditions.


The next volatility period is December 7 (Dec 6-8).


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.

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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:
(BTCUSDTPERP 1h chart)
It is expected that the 5EMA line on the 1D chart and the M-Signal line on the 1D chart will cross soon.

It is necessary to check whether there is a sharp appearance after crossing.

In particular, the key question is whether the price can be maintained above 17170.0.
Comment:
(NAS100USD + DXY + XAUUSD 1D Chart)
Comment:
(BTCUSDTPERP 1h chart)
The price did not appear to hold above 17170.0 and then declined again to settle near the 5EMA line on the 1D chart.

It is entering the 6th day that it is not able to rise above the 17170.0 point and is being resisted.

First of all, it is positive in some ways that it does not lead to further decline and is defending the price near the 5EMA line of the MS-Signal indicator or 1D chart.

However, if it eventually rises above 17170.0 and is not supported, it will fall, so it is important to be able to maintain the price above 16422.6.

The volatility period on this chart is around December 10th.

Therefore, we need to check whether there will be a movement out of the 16422.6-17670.0 section.

[Example of exchange chart setup]

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

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