readCrypto

Live the last hope! Can the funds still come in... (Day 4)

BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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(USDT 1D chart)

(USDC 1D chart)

We need to see if the gap rise of USDT and USDC can continue to occur.


(BTC.D 1D chart)
We need to see the movement between December 4th and 6th, which is the volatility period.


(USDT.D 1D chart)
The question is whether it can find resistance at 8.11-8.22 and drop below 7.86.

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(BTCUSDTPERP 1D Chart)
It is showing resistance at 17170.0.

The question is whether it can move above the trend-based Fibonacci extension point of 1.27 (16984.9) and turn the MS-Signal indicator into a bullish sign.

If not, the question is whether the price can be maintained above 16422.6.


If the increase in the gap between USDT and USDC is correct, it is seen as an inflow of funds from the coin market.

If funds start flowing into the coin market like this, it is expected to lead to a movement to rise above 17170.0.


The next period of volatility is around December 10th.


(1h chart)
The circled zones on the chart are important support and resistance zones.


If the price is maintained above the M-Signal line of the 1D chart and above 17170.0, the main position is 'LONG'.

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


If it continues to decline, you should check for support in the 16580.6-16729.8 zone or around 16422.6.

If not, you should be cautious as there is a possibility of a pullback around 15908.2.


Funds are showing an inflow into the coin market, but as the USDT dominance rises, the coin market is showing a tendency to decline again.

In this movement, BTC dominance is showing a departure from the 39.56-40.44 range, which is likely to cause large volatility.

However, since we have entered the volatility period on the BTC dominance chart, it is necessary to check whether the USDT dominance meets resistance around 8.11-8.22.


If the price rises above 17170.0 and holds the price,
1st: 17670.0
2nd : 18374.1-18741.7
It is expected to show an upward trend in the vicinity.

At this time, what is needed to continue the upward trend is that new funds must be shown entering the coin market.


If it falls below 16422.6 and encounters resistance,
1st: 15908.2
2nd: 15328.7
3nd: 14824.3
You need to make sure that you are supported nearby.


So, no matter what, an upward move above 17170.0 would be necessary to continue this upward movement.

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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.

** SR_R_C 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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[Example of exchange chart setup]

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

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