readCrypto

Bitcoin (BTC, including short term strategy) - December 8

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BITMEX:XBTUSD.P   Bitcoin
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You must watch for any movement that deviates from the 18751.0-19287.5 segment.

You need to touch the uptrend line (2) around December 14, when the uptrend line (2) and 18751.0 points intersect, and see if you can move up.

If it falls from 18751.0, it is a short-term Stop Loss.

You can touch between 17422.0-18280.5, so you need to trade carefully.

Unlike other charts, it has a short-term downtrend line (6).
If you deviate from this short-term downtrend line, it is because we believe that further gains are likely.

As explained yesterday's wRSI_SR indicator, we need to see if it can lead to an upside in Sideways.

We are expecting to touch more than the 2009 3.0 point, and I think the trend will regenerate depending on whether you can support or not.
So, if you touch and drop above the 20093.0 point, you need to make sure you get support above the 19287.5 point.

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(BTC Dominance 1D Chart)
We have to see if we can get below the 63.38 point.
If it doesn't rise above the uptrend line (5), I think it's likely to fall.

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(USDT Dominance 1D Chart)
You should watch for any movement that deviates from 3.285-3.596.
You also need to see if you can fall along the downtrend line (2).

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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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Comment:
(XBTUSD 1h chart)-Short term strategy
The old short-term strategy is in effect, so we keep the old short-term strategy.
After the time indicated on the chart, you should check for any movement that deviates from the 18327.5-18492.0 section-19149.5-19314.0 section.

(LONG)
1. Entry point: When breaking above the 19314.0 point
Target point: 1st 19807.5 or higher, 2nd 20093.0 or higher
Stop Loss: 19149.5 point
(However, if it falls without breaking above the upward trend line (1), it is a Stop Loss.)

2. Entry point: When breaking above the 18492.0 point
Target point: 18821.0 point or higher
Stop Loss: 18327.5 point
(However, if it falls without breaking above the 18751.0 point, it is a Stop Loss.)

(SHORT)
1. Entry point: When breaking below 18327.5 point
Target point: 17834.0 point or less
Stop Loss: 18492.0 point
(However, if it rises without breaking below 18195.0, it is Stop Loss.)

2. Entry point: When breaking down from 19149.5 point
Target point: 18821.0 point or less
Stop Loss: 19314.0 point
(However, if it rises without breaking below the 18962.0 point, it is a Stop Loss.)
Comment:
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
The old short-term strategy is in effect, so we keep the old short-term strategy.
After the time indicated on the chart, you should check if there is any movement that deviates from the 18296.0-18461.1 section-19121.7-19286.8 section.

(LONG)
1.Entry point: When it exceeds 19286.8 point
Target point: 19698.6 point or higher
Stop Loss: 19121.7 point

2. Entry point: When breaking above the 18461.1 point
Target point: 1st 18791.4 point or higher, 2nd 19056.4 point or higher
Stop Loss: 18296.0 point

(SHORT)
Entry point: When breaking below 18296.0 point
Target point: 17879.8 point or less
Stop Loss: 18461.1 point
Comment:
(CME Bitcoin (BTC1!) 1D chart)
It started with a rise in the gap (19170.0-19215.0).
You can touch the uptrend line (1) or 17470.0-18870.0 around Dec. 10-18, so trade carefully.

If it falls at 18850, it is a short stop loss.
Comment:
(XBTUSD 1h chart)

[Example of exchange chart setup]

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

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