readCrypto

Will it move with the changed flow... Rise above 17.1K...(Day 7)

readCrypto Mod Updated   
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)
I need to see if it can be maintained on 40.44 or higher.


(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)
As the StochRSI indicator has started to decline in the overbought zone, it will be a question of finding support around the trend-based Fibonacci extension of 1.27 (16984.9)-17170.0.

If not, we need to see if we can keep the price above 16422.6.


Since it is located near the MS-Signal indicator, I think it is in an ambiguous position to actually enter a position.

Therefore, you need to be careful when entering a position.


As of November 27th, it seems that the flow of BTC has changed.

Therefore, since the meaning of the current position has changed, it must meet resistance by falling below 16422.6 to show the same downtrend as it did before the 27th of November.


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 the price holds above the MS-Signal indicator, 16984.9, I would expect a bullish trend to rise above 17170.0.

However, it is important to ensure that it can be supported at 17170.0 or higher, so it is necessary to check whether it is supported.

Also, if it goes down, it is also important that the price can be maintained above 16422.6, so it is necessary to check.


Therefore, you need to make sure that it is out of the minimum range 17170.0-16580.6 and the maximum range 16422.6-17670.0.

If you are inexperienced in short-term, scalping responses, you should be careful because you think you are in a section where you need to be cautious when entering a position.


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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Comment:
(NAS100USD + DXY + XAUUSD 1D Chart)
If it stays above 11366.9 on the NAS100USD chart, I expect it to continue its uptrend.

Since the section 11366.9-11578.2 is likely to create a pull back pattern, a countermeasure should be prepared.


The question is whether it can find resistance around 106.130 on the DXY chart and drop below 105.292.

It will be a matter of which way the XAUUSD chart will move from 1780.619 after the volatility period around December 12th.
Comment:
(BTCUSDT 1D chart)
It will be a question of whether the price can hold up above 17176.24 during the volatility period of December 6-8.

If not, it is also important to keep the price above 16428.78.
Comment:
(ETHBTC 1W Chart)
BTC dominance is showing an upward trend, so we can see that BTC is leading the market.

Even if the BTC price rises, if the ETHBTC chart can hold the price above 0.072484, then I think there is a good chance that ETH will follow the rise of BTC as well.

(ETHUSDT 1D chart)
So, after the volatility period of 5th-7th December, we need to see if it can move out of the 1198.26-1340.12 area.
Comment:
(BTCUSDT + NAS100USD 1D chart)
Those who trade coins by indexing NASDAQ-related charts should first check whether USDC is rising or falling.

The reason is that, as I said in the live broadcast, a drop in USDC is likely to decouple BTC and NASDAQ.

(USDC 1W chart)
Comment:
(BTCUSDT 1D chart)
Volatility It shows volatility on the reference date.

You need to be careful in your transactions.

If the price holds above 16428.78, I think it is likely to go higher.

[Example of exchange chart setup]

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

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