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Bitcoin (with 1D chart explanation) - November 20

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
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(1D chart)
You should check for any movement that deviates from 17422.0-18280.5.
If it falls below the 17422.0 point, it is a short-term Stop Loss.


(1h chart)-short-term strategy
We didn't have time to enter the previous short-term strategy.
If the entry was started by pre-order, it ended with Stop Loss.

We revised the previous short-term strategy to publish a short-term strategy that includes points 17422.0 and 18280.5.


(LONG)
1. Entry point: When breaking above 18492.0 point
Target point: 19149.5 points or higher
Stop Loss: 18280.5 points
(However, it is recommended to enter the flow after the time indicated on the chart.)

2. Entry point: When exceeding the 17422.0 point
Target point: 1st 17834.0 or higher, 2nd 18280.5 or higher
Stop Loss: 17340.5 point

(SHORT)
Entry point: When breaking down from 17422.0 point
Target point: 1st 16730.0 or less, 2nd 16323.5 or less
Stop Loss: 17654.0 point
(However, if it rises without breaking below the upward trend lines (1) and (3), it is a Stop Loss.
If it falls below the uptrend line (4), the short-term uptrend channel is broken.)

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(BTC Dominance 1D Chart)
You have to touch the 67.44 point and see which direction it will move.

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(USDT Dominance 1D Chart)
We need to see if there is any movement due to volatility around November 20th.

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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME and BAKKT exchanges were closed because they are not trading 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
Comment:
(OKEX BTCUSDTPERP 1D Chart)
We need to make sure we can get support at point 17879.8.
If it falls from 17273.6, it is a short-term Stop Loss.

(1h chart)-short-term strategy
Previous short-term strategy was revised and posted.

(LONG)
1. Entry point: When breaking above the 18461.1 point
Target point: 18791.4 points or higher
Stop Loss: 18296.0 point
(However, if it falls without breaking above the upward trend line (2), it is a Stop Loss.)

2. Entry point: When breaking above the 17879.8 point
Target point: 18296.0 point or higher
Stop Loss: 17589.5 point
(However, it is recommended to enter near the time indicated on the chart.)

3. Entry point: When exceeding the 17273.6 point
Target point: 1st 17589.5 or higher, 2nd 17800.6 or higher
Stop Loss: 17140.1 point
(However, it is a strategy for a rebound against a decline, so you need to check the flow of the chart.)

(SHORT)
Entry point: When breaking below point 17140.1
Target point: 16689.9 points or less
Stop Loss: 17305.2 point
(However, if it rises without falling below the uptrend line (1) or 16809.8 point, it is Stop Loss.)
Comment:
(CME Bitcoin (BTC1!) 1D chart)
www.tradingview.com/...in-BTC1-November-20/
It started with a fall in the gap (18095.0-17910.0).
You should watch for any movement outside the 17465.0-18090.0 range.
If it falls from the uptrend line (6) and points at 17465.0, it is a short-term stop loss.
You can touch the uptrend line (6) and go up, so you need to check the flow of the chart.
Comment:
(BAKKT Bitcoin (BTM1!) 1D chart)
It started with a fall in the gap (18090.0-17937.5).
You should watch for any movement that deviates from the 17567.5-18220.5 section.

[Example of exchange chart setup]

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

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

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