Bitcoin-significant volatility period (around December 11-18)-5
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The volatility around December 14th (December 13th-15th) should be watched to see if any movement deviates from the 18751.0-19287.5 range.
If you get support above the 19287.5 point, you should see if there is an attempt to break above the 20093.0 point with an increase in trading volume.
If you get support at the 20093.0 point, we expect to climb to the 22261.5-22925.0 range and decide the next direction.
The significant volatility period is around December 11th-18th, so you need to trade carefully until December 19th.
If it falls from 18751.0, it is a short-term Stop Loss.
We have to see if we can ascend with the flow drawn on the 3 secondary indicators.
We have to see if we can go up along the uptrend line (2).
If you move away from the uptrend line (2), it will eventually fall.
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(BTC Dominance 1D Chart)
It remains to be seen if the volatility around December 15th (December 14th-16th) leads to a movement that deviates from 63.38-64.86.
If BTC dominance gets resistance at the uptrend line (5), there is a possibility of further decline.
Now that you've touched the downtrend line (3), you need to see if you can get resistance and move down at the downtrend line (3).
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(USDT Dominance 1D Chart)
It is showing support at the point of 3.596 and the downtrend line (2).
It remains to be seen if it can move below the 3.596 point and the downtrend line (2).
With volatility around December 15th (December 14-16), we have to see if there is a movement that touches the 3.285 and 4.165 points.
If USDT dominance is below the downtrend line (1), there is a possibility of further declines.
However, if it is located above the 3.760 point, I think there is a possibility that the overall coin market will enter a downward trend.
So, you need to see if you are getting resistance at the downtrend line (1) and falling.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** 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: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
The volatility around December 14th (December 13th-15th) should be watched to see if any movement deviates from the 18751.0-19287.5 range.
If you get support above the 19287.5 point, you should see if there is an attempt to break above the 20093.0 point with an increase in trading volume.
If you get support at the 20093.0 point, we expect to climb to the 22261.5-22925.0 range and decide the next direction.
The significant volatility period is around December 11th-18th, so you need to trade carefully until December 19th.
If it falls from 18751.0, it is a short-term Stop Loss.
We have to see if we can ascend with the flow drawn on the 3 secondary indicators.
We have to see if we can go up along the uptrend line (2).
If you move away from the uptrend line (2), it will eventually fall.
------------------------------------------------
(BTC Dominance 1D Chart)
If BTC dominance gets resistance at the uptrend line (5), there is a possibility of further decline.
Now that you've touched the downtrend line (3), you need to see if you can get resistance and move down at the downtrend line (3).
-------------------------------------------------- -
(USDT Dominance 1D Chart)
It remains to be seen if it can move below the 3.596 point and the downtrend line (2).
With volatility around December 15th (December 14-16), we have to see if there is a movement that touches the 3.285 and 4.165 points.
If USDT dominance is below the downtrend line (1), there is a possibility of further declines.
However, if it is located above the 3.760 point, I think there is a possibility that the overall coin market will enter a downward trend.
So, you need to see if you are getting resistance at the downtrend line (1) and falling.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** 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: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Comment:
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
Previous short-term strategy.
(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
(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 (18020.0-19155.0).
We need to see if we can get support and climb at point 18850.0.
You also have to see if you can go up along the uptrend line (1).
If it falls from the 18850.0 point, it is a short stop loss.
We need to see if we can get support and climb at point 18850.0.
You also have to see if you can go up along the uptrend line (1).
If it falls from the 18850.0 point, it is a short stop loss.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(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
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.)