readCrypto

Bitcoin (BTC, including short term strategy) - November 25

readCrypto Mod Updated   
BITMEX:XBTUSD.P   Bitcoin
Hello?
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.

-------------------------------------------------- -----

You should watch for any movement that deviates from the 18280.5-19287.5 segment.

If you touch the uptrend line (1), there may be volatility, so trade carefully.

Short-term Stop Loss: When falling from 18280.5


Looking at the CCI-RC indicator, you can see that the CCI line touches the uptrend line (B) and rises.
If the CCI line breaks below the EMA line, the BTC price may fall, so keep an eye on the situation.

------------------------------------

(BTC Dominance 1D Chart)
We have to see if we can sideways down to 61.20-62.12.

---------------------------------------

(USDT Dominance 1D Chart)
We have to see if we can get below the 3.285 point.
You should also check if you can fill the gap (2.726-3.596) that occurred on August 31st.

-------------------------------------------

(OTHERS Dominance 1D Chart)
(Dominance chart of all altcoins except BTC and major coins)

We need to see if we can move above 7.77 and break off the downtrend line.

-------------------------------------------------- -------------------------------------------

** 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 must 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
It is located at a high price point, so keep an eye on the flow of the chart.
If it is difficult to keep track of the chart flow, it is recommended not to enter.

The new entry point is at 18962.0.
You need to check the flow as it passes through this point.

(LONG)
Entry point: When breaking above the 19314.0 point
Target point: 19807.5 point or higher
Stop Loss: 19149.5 point

(SHORT)
Entry point: When breaking down from 18962.0 point
Target point: 18600.5 point or less
Stop Loss: 19149.5 point
(However, if it rises without breaking below the uptrend line (2), it is Stop Loss.)
Comment:
(OKEX BTCUSDTPERP 1h chart) - Short term strategy
It is located at a high price point, so keep an eye on the flow of the chart.
If it is difficult to keep track of the chart flow, it is recommended not to enter.

The new entry point is at 19056.4.
You need to check the flow as it passes through this point.

(LONG)
Entry point: When breaking above the 19286.8 point
Target point: 19698.6 point or higher
Stop Loss: 19121.7 point

(SHORT)
Entry point: When breaking down from 19056.4
Target point: 18791.4 point or less
Stop Loss: 1st 19205.1 points, 2nd 19286.8 points
Comment:
CME Bitcoin (BTC1!) 1D chart
www.tradingview.com/...in-BTC1-November-25/
It started with a rise in the gap (19375.0-19415.0).
You should watch for any movement that deviates from the 18850.0-19965.0 range.
Short-term Stop Loss: When falling from 18850.0 point

If you touch the uptrend line (6), it is expected that volatility will occur, so you need to trade carefully.

[Example of exchange chart setup]

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

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.