readCrypto

Bitcoin (BTC) - December 19

readCrypto Mod Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
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You should watch for any movement that deviates from the 22256.0-23502.86 section.

If it declines at 21632.57, a Stop Loss is required to preserve profit and loss.
However, it is recommended to think about the execution method for Stop Loss as it can be temporarily touched and climbed in the 21230.0-21400.0 section.

If you can climb along the uptrend line (6) and break above the 23502.86 point, then the interval determining the next direction is 24749.72-25373.14.

I think the point where the trend turns is 19798.68.

Currently, the M-Signal line on the 1W chart is rising near the 15960.0 point.
If BTC price goes down, I think there is a high possibility of a rebound from the M-Signal line of the 1W chart.

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(Coinbase BTCUSD 1D chart)
You should watch for any movement that deviates from the 22233.15-23484.30 segment.
You also need to see if you can climb along the uptrend line (5).

If it falls at 21612.58, you need Stop Loss to preserve your profit and loss.

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(OKEX BTCUSD 1D chart)
You should watch for any movement that deviates from 22087.0-23296.8.
If it falls at the 21482.1 point, a Stop Loss is needed to preserve profit and loss.
We have to see if we can climb along the uptrend line (5).

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(BTC Dominance 1D Chart)
You should watch for any movement that deviates from 65.89-67.44.
If it rises above 67.44 points, it is expected that there is a possibility that the coin market will plummet.

In order for altcoin price to rise, BTC dominance must fall.
We have to see if we can get below the 65.89 point.

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(USDT Dominance 1D Chart)
We have to see if we can move down along the downtrend line (6).

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** All indicators are lagging indicators.
So, it's important to know that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down to interpret the indicators.
** 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: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Comment:
(CRYPTOCAP chart)

(BTC Dominance Chart)
We need to see if we can get resistance at 67.44 and move down.
If it rises above 67.44 points, I think the coin market is more likely to experience a sharp decline.
As before, I think the most important factor is whether it falls near the 67.44 point.

(USDT Dominance Chart)
You'll have to watch to see if you can touch the 2.754 spot that's caused by a strange sign.
If the USDT dominance continues to decline even if the BTC dominance rises, I think there is a possibility that the funds concentrated in BTC will move to the altcoin.
Therefore, USDT dominance should continue to decline.

(OTHERS dominance chart)
As the dominance of altcoins minus BTC and major coins, altcoins must rise in order for the bull market to begin.

The TOTAL, TOTAL2 and OTHERS charts are market capitalization charts.

[Example of exchange chart setup]

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

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

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