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Bitcoin (BTC, including short-term strategy) - November 30

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BITMEX:XBTUSD.P   Bitcoin
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We must watch for possible movements outside the 17422.0-18280.5 range.

It remains to be seen if it can rise above the 19287.5 point by ascending along the uptrend line (1).

You should also touch the uptrend line (2) as you Sideways between 17422.0-18280.5 and see if it rises.

You need to make sure you are holding the price above 19287.5 points between December 3rd and 11th.

If it falls from the uptrend line (2), it is a short-term Stop Loss.

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(BTC Dominance 1D Chart)
You should watch for any movement that deviates from 62.12-63.38.
If I get resistance at the uptrend line (5), I think there could be further declines.

I think the decline in BTC dominance is more related to the rise and fall of altcoins prices than the rise and fall of BTC prices.
Hence, a decline in BTC dominance is close to an increase in the price of altcoins.

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(USDT Dominance 1D Chart)
We have to see if we can get resistance at 3.596 and move down to 3.285.

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(OTHERS 1D chart)
(Market capitalization of altcoins excluding BTC and major coins)
If we get support at 42.612B, we can expect further gains.
Therefore, without a sharp decline in BTC price, altcoins' prices are expected to rise.

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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
(Example) Gap (G1-G2)
Comment:
(XBTUSD 1h chart)-Short term strategy
When entering each position, beware of sharp declines and surges.
A lot of shaking is expected due to the reversal and rebound, and once liquidated, it is recommended not to re-enter.

(LONG)
Entry point: When breaking above 18492.0 point
Target point: 1st 18821.0 point or higher, 2nd 19149.5 point or higher
Stop Loss: 18327.5 point
(However, if it falls without breaking above the upward trend line (3), it is a Stop Loss.)

(SHORT)
Entry point: When breaking below 17617.0 point
Target point: 17340.5 point or less
Stop Loss: 17834.0 point
Comment:
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
When entering each position, beware of sharp declines and surges.
A lot of shaking is expected due to the reversal and rebound, and once liquidated, it is recommended not to re-enter.


(LONG)
Entry point: When breaking above the 18296.0 point
Target point: 18791.4 point or higher, 2nd 19115.5 point or higher
Stop Loss: 18136.6 points
(However, if it falls without breaking above the upward trend line (1), it is a Stop Loss.)

(SHORT)
Entry point: When breaking below the 17589.5 point
Target point: 17305.2 points or less
Stop Loss: 17736.1 point

[Example of exchange chart setup]

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

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

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