readCrypto

Bitcoin (with 1D chart explanation) - November 18

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BITMEX:XBTUSD.P   Bitcoin
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(1D chart)
It is on the rise after breaking above the 17422.0 point.
We need to see if we can get support and climb in the 17422.0-17562.0 range.

It is on the rise while absorbing the amount of water with a continuous'Pull Back' pattern.

It remains to be seen whether the climb will continue towards the 18506.0 point, or will the'Pull Back' pattern be supported and rise again at 17090.0-17562.0.

If it falls at 17090.0, it is a short-term Stop Loss.
In addition, if it falls below the 16368.5 point, which broke above the previous'Pull Back' pattern, I think it is necessary to trade in split to preserve profit and loss.

It is rising to a high point with no previous data.
Now, I think that it is necessary to respond to a sudden drop in case by pre-order with a mechanical stop loss correction.


(1h chart)-short-term strategy
Among the previous short-term strategies, it entered the LONG strategy and ended by touching the target point.

Shows a short-term strategy that includes points on the 1D chart, points 17090.0, 17422.0, and 17562.0 points, and points at Stop Loss, points 16368.5.

It's been soaring for two days in a row, so it's expected to undergo a downward correction.
Therefore, we don't show any ascent strategy above the 17660.0 point.


(LONG)
1. Entry point: When supported in the section 17422.0-17562.0 and breaks upward from 17566.5
Target point: 17759.0 point or higher
Stop Loss: 17422.0 point
(However, if it falls below the uptrend line (2), I think it is better not to enter.
If you enter, you should check if it breaks above the 17660.0 point.)

2. Entry point: When supported in the section 16989.0-17090.0, and breaks above the 17090.0 point
Target point: 17278.0 point or higher, 2nd 17562.0 point or higher
Stop Loss: 16989.0 point
(However, if it falls without breaking above the 17422.0 point, it is a Stop Loss.)

(SHORT)
Entry point: When breaking below the 17562.0 point
Target point: 1st 17422.0 point or less, 2nd 17090.0 point or less
Stop Loss: 17660.0 point
(However, if it fails to break below the uptrend line (2) or below the 17422.0 point, it is a Stop Loss.)

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(BTC Dominance 1D Chart)
We have to see if it touches the 67.44 point between November 19-21.

If you touch the 67.44 point and start falling, the altcoins are likely to start rising.
However, if it rises above 67.44 points, it is expected that more and more coins will renew their lows this year.

Therefore, you should not climb above 67.44 points.
If it goes up, I expect the BTC price to start falling eventually.

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(USDT Dominance 1D Chart)
You should check for any movement that deviates from the 3.596-3.760 segment.

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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 1h chart) - Short term strategy

(LONG)
1. Entry point: After falling 17127.4 point, breaking above 17127.4 point
Target point: 17302.5 points or more
Stop Loss: 17070.0 point
(However, it is possible to touch 17127.4 points again after rising to the'Pull Back' pattern, so you should pay attention to realizing profits.)

2. Entry point: After falling at 16925.0 point, breaking above 16925.0 point
Target point: 1st 17127.4 point or higher, 2nd 17491.3 point or higher
Stop Loss: 16860.0 point
(However, it is possible to rise by touching the uptrend line (1), so if you touch the uptrend line (1) and break above the 16925.0 point, it is the entry point.)

(SHORT)
Entry point: When breaking below 17491.3 point
Target point: 1st point 17127.4 or less, 2nd 16925.0 point or less
Stop Loss: 17616.7 point
(However, if it rises without breaking below 17208.1, it is Stop Loss.)
Comment:
(CME Bitcoin (BTC1!) 1D chart)
It started with a fall in the gap (17730.0-17675.0).
You should check for any movement that deviates from the 17465.0-18090.0 range.
With the volatility around November 18th, you need to see where you are getting support.
Comment:
(XBTUSD 1W chart)
It is expected to enter the realm of unpredictable response.
I hope you have good results.

[Example of exchange chart setup]

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

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