Bitcoin (BTC) - November 14
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(USDT 1W chart)
If it falls below the 62.021B-64.339B section, the coin market may start a recession.
(USDC 1W chart)
If it falls below the 39.675B-42.563B zone, the coin market may begin a downturn.
The funds in USDT are likely to be funds in the global market.
Therefore, the outflow of funds through USDT is likely to have a significant impact on the coin market.
However, as funds appear to be flowing through USDC, the key is how successful they can be in price defense.
(BTC.D 1D Chart)
(USDT.D 1W chart)
It is a period of volatility on the BTC dominance chart, so it is a matter of whether USDT dominance can drop below 7.86 during this period.
If USDT dominance rises, the coin market is expected to see a major decline.
At this time, it is necessary to check whether the BTC dominance is falling or rising.
If BTC dominance declines, the altcoin will rebound when the BTC price stops falling and starts to move sideways.
When BTC dominance rises, it means that funds are concentrated towards BTC, so even if BTC price stops falling and shows a sideways trend, it is highly likely that only a few altcoins will rebound or show a weak rebound even if they rebound.
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(BTCUSDTPERP 1D Chart)
It fell after touching the 1.13 (17590.0) ~ 0.886 (18644.6) section of the trend-based Fibonacci expansion.
It is necessary to check if the trading volume increases when it falls to the 15328.7-15908.2 section that was previously touched.
This is because if the volume increases and moves to defend the price, it is more likely to form a bottom.
However, you should be careful as there is a possibility that there is a possibility of fake trading volume due to a decrease in trading because there is an outflow of funds through USDT.
If it falls below 15328.7, there is a possibility of temporarily touching the section 13121.7-13752.9.
At this time, if the above-mentioned increase in trading volume does not occur but rather a decrease in trading volume is detected, it is highly likely that a bottom section has been formed.
Whether it shows a sideways movement around the 1.414 (16362.6) point or touches around 15328.7 and rises is the key.
This move is likely to lead to a move towards breaking through the 1.13 (17590.0) - 0.886 (18644.6) range during the volatility period around November 26th.
What we need to focus on is not the progress of the issues that have arisen, but whether funds are coming in or going out of the coin market.
This is because the investment market always shows a pre-reflection trend, so if money starts to flow into the coin market, the coin market will soon show an upward trend.
If this is not the case and funds continue to flow through USDT as it is now, the coin market will accelerate the downtrend.
What we can do in such a move is to secure cash by selling a certain portion when the coins (tokens) we hold rebound, or wait for the funds to enter the coin market.
If you are constantly exposed to the market trend through various articles or announcements, you will receive more psychological pressure.
Therefore, it is not good to continue to come across such articles or announcements.
(1h chart)
The circle areas shown on the chart are important support and resistance areas.
It fell unsupported near the 16844.8 area and touched the 1.414 (16362.6) area.
Therefore, the 5EMA line on the 1D chart is falling around 16844.8.
If the price can hold at its current position, an attempt to touch the 5EMA line on the 1D chart passing near 16844.8 is likely.
It is important to keep the price above 16844.8 with this attempt.
If it doesn't, it's likely that it will drop to around 15908.2.
An important consideration in the current movement is whether the slope of the MS-Signal indicator can be maintained close to the horizon.
This is because the closer it stays to the horizon, the more likely it will act as support and resistance, but a successful break will increase the likelihood of an uptrend.
If it doesn't and you get close to vertical, you need to be careful with your position, as it will create a lot of volatility and increase the likelihood of a whipsaw.
If the price is below the MS-Signal indicator on the 1D chart, the main position is 'SHORT'.
Therefore, a quick response is required when entering the 'LONG' forge ship.
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- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.
So, whether it rises or falls from its current position, both require a short-term response.
A full-fledged uptrend is expected to begin when it rises above 29K.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(USDT 1W chart)
(USDC 1W chart)
The funds in USDT are likely to be funds in the global market.
Therefore, the outflow of funds through USDT is likely to have a significant impact on the coin market.
However, as funds appear to be flowing through USDC, the key is how successful they can be in price defense.
(BTC.D 1D Chart)
(USDT.D 1W chart)
It is a period of volatility on the BTC dominance chart, so it is a matter of whether USDT dominance can drop below 7.86 during this period.
If USDT dominance rises, the coin market is expected to see a major decline.
At this time, it is necessary to check whether the BTC dominance is falling or rising.
If BTC dominance declines, the altcoin will rebound when the BTC price stops falling and starts to move sideways.
When BTC dominance rises, it means that funds are concentrated towards BTC, so even if BTC price stops falling and shows a sideways trend, it is highly likely that only a few altcoins will rebound or show a weak rebound even if they rebound.
---------------------------------------
(BTCUSDTPERP 1D Chart)
It is necessary to check if the trading volume increases when it falls to the 15328.7-15908.2 section that was previously touched.
This is because if the volume increases and moves to defend the price, it is more likely to form a bottom.
However, you should be careful as there is a possibility that there is a possibility of fake trading volume due to a decrease in trading because there is an outflow of funds through USDT.
If it falls below 15328.7, there is a possibility of temporarily touching the section 13121.7-13752.9.
At this time, if the above-mentioned increase in trading volume does not occur but rather a decrease in trading volume is detected, it is highly likely that a bottom section has been formed.
Whether it shows a sideways movement around the 1.414 (16362.6) point or touches around 15328.7 and rises is the key.
This move is likely to lead to a move towards breaking through the 1.13 (17590.0) - 0.886 (18644.6) range during the volatility period around November 26th.
What we need to focus on is not the progress of the issues that have arisen, but whether funds are coming in or going out of the coin market.
This is because the investment market always shows a pre-reflection trend, so if money starts to flow into the coin market, the coin market will soon show an upward trend.
If this is not the case and funds continue to flow through USDT as it is now, the coin market will accelerate the downtrend.
What we can do in such a move is to secure cash by selling a certain portion when the coins (tokens) we hold rebound, or wait for the funds to enter the coin market.
If you are constantly exposed to the market trend through various articles or announcements, you will receive more psychological pressure.
Therefore, it is not good to continue to come across such articles or announcements.
(1h chart)
The circle areas shown on the chart are important support and resistance areas.
It fell unsupported near the 16844.8 area and touched the 1.414 (16362.6) area.
Therefore, the 5EMA line on the 1D chart is falling around 16844.8.
If the price can hold at its current position, an attempt to touch the 5EMA line on the 1D chart passing near 16844.8 is likely.
It is important to keep the price above 16844.8 with this attempt.
If it doesn't, it's likely that it will drop to around 15908.2.
An important consideration in the current movement is whether the slope of the MS-Signal indicator can be maintained close to the horizon.
This is because the closer it stays to the horizon, the more likely it will act as support and resistance, but a successful break will increase the likelihood of an uptrend.
If it doesn't and you get close to vertical, you need to be careful with your position, as it will create a lot of volatility and increase the likelihood of a whipsaw.
If the price is below the MS-Signal indicator on the 1D chart, the main position is 'SHORT'.
Therefore, a quick response is required when entering the 'LONG' forge ship.
------------------------------
- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.
So, whether it rises or falls from its current position, both require a short-term response.
A full-fledged uptrend is expected to begin when it rises above 29K.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Comment:
(BTCUSDTPERP 1h Chart)
It is expected to touch the 5EMA line on the 1D chart in the near future.
We need to see if we can sustain the price above the 5EMA line on the 1D chart.
If it fails, the key is to find support near the MS-Signal indicator.
We need to see if we can sustain the price above the 5EMA line on the 1D chart.
If it fails, the key is to find support near the MS-Signal indicator.
[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/
(NAS100USD 1W Chart)
Therefore, you should attempt to break out of the downtrend line (1) by holding the price at or above the 11942.9-12119.2 interval.
Failure to do so will increase the chances of a dip below 10478.6.