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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 interval: expected to continue upward trend.
Above 47010.0 point: Expected to create a new wave.
As the green width of the OBV in the volume indicator increases, it is necessary to check if there is an upward movement in the center line.
On the wRSI_SR indicator, we need to see if the RS line can hold above 80 until the SR line rises above 80.
In the CCI-RC indicator, it is necessary to check whether the CCI line can be maintained above the +100 point.
In particular, it is necessary to check whether the flow can be seen to rise above the EMA line.
However, the same movement as in section A may occur, so it is recommended to check that there is an upward movement.
However, as it is a 1W chart, it is reflected too late, so we need to make sure that the price stays above the 58464.0 point.
If it goes down in section a, it is expected to touch the uptrend line passing through section b.
In fact, I think that's unlikely.
Please refer to the explanation of the Market Cap chart for the reason.
(1D chart)
First resistance section: 60811.0-63634.5
Second resistance section: near the 72104.0 point
First support section: near 55164.5 point
Second support section: 46695.0-49518.0
It's a frantic chart, but it shows that it's not too far away for an uptrend like the 30th of September.
It is worth checking if these movements occur during the volatility period around December 3 (December 2-4).
- You should check if the red width of the OBV in the volume indicator is decreasing.
- On the CCI-RC indicator, you need to check whether the CCI line rises above the +100 point.
We need to see if we can hold the price above the 58464.0 point in order to turn into a short-term uptrend.
To accelerate the uptrend, the price must rise above the 66059.5 point to hold the price.
(ETHUSDT 1D Chart)
There is movement in section A (above the 3885.52 point), which is the previous high point section.
If it falls in section B (3582.10-3885.52), there is a possibility that it will fall to section 2275.68-2531.05, so you need to think about countermeasures.
The price should remain above the 4220.37 point to continue the uptrend that started on July 21st.
Therefore, we need to find support at the 4191.93-4464.22 section and see if we can move along the uptrend line (1).
First resistance section: near 5008.79 point
Second resistance section: 5553.35-5825.64
First support section: near point 3343.06
Second support section: 2275.68-2531.05
----------------------------------
(BTCUSDTPERP 1D Chart)
First resistance section: 62697.4-65574.9
Second resistance section: near point 74207.2
First support section: near 56942.5 point
Second support section: near the 48310.2-51187.6 point
We need to see if we can sustain the price above the first support level.
It needs to move above the 60042.8 point to turn into a short-term uptrend.
The price should remain above the 66927.9 point to accelerate the uptrend.
If the first support area moves downward, it is likely to touch the second support area.
If the second support level is touched, there is a possibility that the price will drop near the 39677.8 point, so you need to be careful when falling below the first support level.
The next volatility period is around December 18th.
------------------------------------
(Market Cap Chart)
You should see how the flow of money changes rather than changes in the price chart.
So, you should check the trend of USDT chart and USDC chart.
A harbinger of a transition to a downtrend in the coin market
- BTC price drop
- BTC Dominance Rise
- USDT dominance rise
In that sense
BTC Dominance (BTC,D): Should rise above the 47.64-48.81 section.
USDT Dominance (USDT.D): It should rise above 3.374 points.
A phenomenon that can be seen as a change in the coin market to a downtrend
- USDT Chart: Falling below 58.376B
- USDC Chart: Falling below 23.858B
- BTC.D chart: rise above 56.78 points
- USDT.D chart: rise above 4.158 point
-----------------------------------------------------
(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 fits 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 estimated value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section 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 downtrend 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 uptrend or in a downtrend, 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 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 the sake of 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 yet been released.
(Because it is not public, 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 the 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.
By "following", 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.
As the green width of the OBV in the volume indicator increases, it is necessary to check if there is an upward movement in the center line.
On the wRSI_SR indicator, we need to see if the RS line can hold above 80 until the SR line rises above 80.
In the CCI-RC indicator, it is necessary to check whether the CCI line can be maintained above the +100 point.
In particular, it is necessary to check whether the flow can be seen to rise above the EMA line.
However, the same movement as in section A may occur, so it is recommended to check that there is an upward movement.
However, as it is a 1W chart, it is reflected too late, so we need to make sure that the price stays above the 58464.0 point.
If it goes down in section a, it is expected to touch the uptrend line passing through section b.
In fact, I think that's unlikely.
Please refer to the explanation of the Market Cap chart for the reason.
(1D chart)
First resistance section: 60811.0-63634.5
Second resistance section: near the 72104.0 point
First support section: near 55164.5 point
Second support section: 46695.0-49518.0
It's a frantic chart, but it shows that it's not too far away for an uptrend like the 30th of September.
It is worth checking if these movements occur during the volatility period around December 3 (December 2-4).
- You should check if the red width of the OBV in the volume indicator is decreasing.
- On the CCI-RC indicator, you need to check whether the CCI line rises above the +100 point.
We need to see if we can hold the price above the 58464.0 point in order to turn into a short-term uptrend.
To accelerate the uptrend, the price must rise above the 66059.5 point to hold the price.
(ETHUSDT 1D Chart)
If it falls in section B (3582.10-3885.52), there is a possibility that it will fall to section 2275.68-2531.05, so you need to think about countermeasures.
The price should remain above the 4220.37 point to continue the uptrend that started on July 21st.
Therefore, we need to find support at the 4191.93-4464.22 section and see if we can move along the uptrend line (1).
First resistance section: near 5008.79 point
Second resistance section: 5553.35-5825.64
First support section: near point 3343.06
Second support section: 2275.68-2531.05
----------------------------------
(BTCUSDTPERP 1D Chart)
Second resistance section: near point 74207.2
First support section: near 56942.5 point
Second support section: near the 48310.2-51187.6 point
We need to see if we can sustain the price above the first support level.
It needs to move above the 60042.8 point to turn into a short-term uptrend.
The price should remain above the 66927.9 point to accelerate the uptrend.
If the first support area moves downward, it is likely to touch the second support area.
If the second support level is touched, there is a possibility that the price will drop near the 39677.8 point, so you need to be careful when falling below the first support level.
The next volatility period is around December 18th.
------------------------------------
(Market Cap Chart)
So, you should check the trend of USDT chart and USDC chart.
A harbinger of a transition to a downtrend in the coin market
- BTC price drop
- BTC Dominance Rise
- USDT dominance rise
In that sense
BTC Dominance (BTC,D): Should rise above the 47.64-48.81 section.
USDT Dominance (USDT.D): It should rise above 3.374 points.
A phenomenon that can be seen as a change in the coin market to a downtrend
- USDT Chart: Falling below 58.376B
- USDC Chart: Falling below 23.858B
- BTC.D chart: rise above 56.78 points
- USDT.D chart: rise above 4.158 point
-----------------------------------------------------
(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 estimated value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section 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 downtrend 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 uptrend or in a downtrend, 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 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 the sake of 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 yet been released.
(Because it is not public, 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 the 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:
(ETHBTC 1W chart)
We need to see if we can maintain the price above the 0.078762 point while rising above the 0.072484 high, which is the high point.
If the price holds above the 0.078762 point, the uptrend is expected to accelerate.
If it falls from the 0.072484-0.075938 range, it is likely to fall below the 0.062488 point, so you need to trade cautiously.
If it is supported in the volume profile section formed in the section 0.048795-0.053586, it is expected to create a new wave.
If the price holds above the 0.078762 point, the uptrend is expected to accelerate.
If it falls from the 0.072484-0.075938 range, it is likely to fall below the 0.062488 point, so you need to trade cautiously.
If it is supported in the volume profile section formed in the section 0.048795-0.053586, it is expected to create a new wave.
[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/
In particular, we need to see if the BTC price can sustain above the 58464.0 point.