readCrypto

GBTC (Grayscal Bitcoin Trust) - December 21

readCrypto Mod Updated   
OTC:GBTC   None
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(GBTC 1W chart)
If the price holds above the 24.0 point, it is expected to create a new wave.

The 30.22-33.34 section is an important support section and you need to make sure it can be supported.

If it falls below the 24.0 point, it could fall near the 12.69-15.13 section, so you need to trade with caution.


(1D chart)
We need to find support at the 30.22-33.34 zone and see if we can move along the uptrend line.

Accordingly, the volatility period is around January 6th.


It needs to move above the 38.71 point to turn into a short-term uptrend.

It should move above the 44.88 point to accelerate the uptrend.


If it moves down from the uptrend line (1), it is likely touching the uptrend line (2), so you need to think about how to respond.

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(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.

Looking at the big picture, I think 4-5 waves are going on.


Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.

The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.

There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.

If it fails to break through section a upward, I think it can represent the same flow as section A.


If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a downtrend continues.

If the 38K section is touched, it is expected to lead to a sharp rise.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(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.)

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Comment:
(BTCUSDT 1D Chart)
A departure from the 45135.66-50931.30 section is expected to form a trend.

Therefore, you need to check which direction you are deviating.


(ETHUSDT 1D Chart)
The 3582.10-3885.52 section is the previous high section, so it is necessary to check if it is supported and ascends in this section.

In particular, the 3781.93 point is a newly forming support and resistance point, so we need to see support and an uptrend at this point.


(1D chart)
The next volatility period around January 5th (January 4-6) is an important period for both the BTC and ETH charts.

[Example of exchange chart setup]

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

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

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