readCrypto

Bitcoin (BTC) - November 23

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

(USDC 1D chart)

Both USDT and USDC appear to have gap declines.

Therefore, the possibility of volatility is increasing, so it is necessary to be cautious in trading.


(BTC.D 1D chart)
With the volatility around November 22nd, the key is whether it will rise above the 41.06 point, the first point.


(USDT.D 1D chart)
The key is whether it can drop to around 7.86.

On the USDT dominance chart, the volatility period is around November 26th.

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(BTCUSDT 1W chart)
It is necessary to check whether the sidewalk can continue from the 15916.68-17572.33 section until the second week of January.

If not, the trend is likely to continue in the direction of a breakout.


(1D chart)
It touched around 15475.10 and moved higher, so it's important to see if the price can hold above 15916.68, if possible.

If it doesn't, and continues to touch the area around 15475.10, it could lead to further declines.

The reason is that, as mentioned on the USDT and USDC charts, there are signs of withdrawal of funds.


If we see signs of continued withdrawal of funds, we believe a sharp decline is likely during the volatility period around November 28th.

So, you need to see the money coming in.


Funds are flowing out, and any price increase is likely to be a move to further decline, so you should consider how to respond to the coins (tokens) you hold.

However, it is a volatility period until November 29th, so it is good to check the movement during this period.


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.


The next period of volatility is around November 28th.


Taking the BTC.D, USDT.D, BTCUSDT, and BTCUSDTPERP charts together, we expect the next period of volatility to span around November 22-28 (November 21-29).

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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)
The 5EMA line on the 1D chart is crossing the 1.161.1-1.637.6 range.

Therefore, it is important to be able to sustain the price by rising above this range.

If that fails, you should check for support around 15908.2.


If the price is below the M-Signal indicator on the 1D chart, your main position is 'SHORT'.

Therefore, a quick response is required when entering a 'LONG' position.

[Example of exchange chart setup]

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

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