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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: An uptrend expected to continue.
Above 47010.0 point: Expected to create a new wave.
In order to accelerate the upward trend, it is expected that the CCI line must rise above the EMA line in the CCI-RC indicator.
(XBTUSD 1D Chart)
First resistance section: around 55164.5
Second resistance section: 60811.0-63634.5
Support section: around 38225.0
If the price holds above the 50876.0 point, it is expected to turn into an uptrend.
Short-term Stop Loss is required if it falls below the 49205.0 point by touching above the 50876.0 point.
In addition, if it falls in the section 45211.0-46695.0, Stop Loss is required to preserve profit and loss.
The 46695.0-49518.0 interval is an important interval that determines the trend.
Accordingly, if there is a movement below the 45211.0 point or above the 50876.0 point, we expect the trend to be determined in that direction.
Check out the movements of the indicators below to see if the uptrend continues.
- Check whether the red width of the OBV in the trading volume indicator changes to the green width
- Check whether the CCI line rises above the +100 point and above the EMA line in the CCI-RC indicator
- Check whether RS line is maintained above 80 point in wRSI_SR indicator
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(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above 47010.0 point: Expected to create a new wave.
In order to accelerate the upward trend, it is expected that the CCI line must rise above the EMA line in the CCI-RC indicator.
(XBTUSD 1D Chart)
First resistance section: around 55164.5
Second resistance section: 60811.0-63634.5
Support section: around 38225.0
If the price holds above the 50876.0 point, it is expected to turn into an uptrend.
Short-term Stop Loss is required if it falls below the 49205.0 point by touching above the 50876.0 point.
In addition, if it falls in the section 45211.0-46695.0, Stop Loss is required to preserve profit and loss.
The 46695.0-49518.0 interval is an important interval that determines the trend.
Accordingly, if there is a movement below the 45211.0 point or above the 50876.0 point, we expect the trend to be determined in that direction.
Check out the movements of the indicators below to see if the uptrend continues.
- Check whether the red width of the OBV in the trading volume indicator changes to the green width
- Check whether the CCI line rises above the +100 point and above the EMA line in the CCI-RC indicator
- Check whether RS line is maintained above 80 point in wRSI_SR indicator
-------------------------------------------
(XBTUSD 1M Chart) - Big Trend
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a bear market continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Comment:
(BTC + ETH 1D Chart)
(BTC Chart)
BTC found resistance at the 50876.0 point and is moving lower.
If it falls from the 49205.0 point, a short-term Stop Loss is required.
However, since the 46695.0-49518.0 section is a section that determines the trend, you can touch this section and rise, so careful trading is required.
The 49518.0-50876.0 section can be said to be a support confirmation section to continue the uptrend, so if support is found this time, it is expected to break above the 50876.0 point.
Conversely, the 45211.0-46695.0 section is a check for resistance to continue the downtrend.
(ETH Chart)
We need to see if ETH can rise above the 4013.13 point to sustain the price.
-----------------------------------------------
(Market Cap Chart)
I think that the rise in the gap between BTC dominance and USDT dominance is a sign of temporary withdrawal of funds from the coin market.
You should see movement around Dec 30 (December 29-31) on the BTC Dominance (BTC.D) chart.
We should find resistance at the 3.374 point on the USDT Dominance (USDT.D) chart around December 30 (December 29-31) and see if we can find a move below the 3.164 point.
(BTC Chart)
BTC found resistance at the 50876.0 point and is moving lower.
If it falls from the 49205.0 point, a short-term Stop Loss is required.
However, since the 46695.0-49518.0 section is a section that determines the trend, you can touch this section and rise, so careful trading is required.
The 49518.0-50876.0 section can be said to be a support confirmation section to continue the uptrend, so if support is found this time, it is expected to break above the 50876.0 point.
Conversely, the 45211.0-46695.0 section is a check for resistance to continue the downtrend.
(ETH Chart)
We need to see if ETH can rise above the 4013.13 point to sustain the price.
-----------------------------------------------
(Market Cap Chart)
I think that the rise in the gap between BTC dominance and USDT dominance is a sign of temporary withdrawal of funds from the coin market.
You should see movement around Dec 30 (December 29-31) on the BTC Dominance (BTC.D) chart.
We should find resistance at the 3.374 point on the USDT Dominance (USDT.D) chart around December 30 (December 29-31) and see if we can find a move below the 3.164 point.
Comment:
Some corrections to the above article.
sorry for the confusion
A rising gap in USDT Dominance (USDT.D) means that money has flowed into the coin market.
sorry for the confusion
A rising gap in USDT Dominance (USDT.D) means that money has flowed into the coin market.
[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/
(Market Cap charts comprehensively show a lot of API data, so when volatility is severe, it seems that a clear chart is drawn after 1-3 days.
Be careful with these movements.)
On the BTC.D chart, there appears to be a move towards a downward trend below the 40.02 point.
Volatility around December 30 (December 29-31) should see a downtrend line and possible downside below the 40.02 point.
A drop below the 3.164 point on the USDT.D chart should see if it can turn into a downtrend in the medium to long term.
A decline in USDT dominance means that the coin market is likely to show an upward trend.
The trend of altcoins can be confirmed by the movement of BTC dominance.
So, if BTC dominance declines, it is highly likely that the altcoin will show an upward trend.