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Bitcoin (XBTUSD, BTC1!, BTM1!) - November 12

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BITMEX:XBTUSD.P   Bitcoin
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(1D chart)
You need to make sure you can get the support above the 15791.5 point.

It remains to be seen if the volatility around November 12 can rise along the uptrend line (8).

It remains to be seen if further gains can break the bearish divergence formed in the wRSI_SR indicator.
I think we are at the crossroads between rising and falling.

Accordingly, if it falls at 15568.5, it is a short-term Stop Loss.
Also, if it falls at 14838.0 point, split trading is needed to preserve profit and loss.

Short-term Stop Loss is a Stop Loss with additional entry in mind, so you should be able to check the flow of the chart.


(1h chart) - short-term strategy
Among the previous short-term strategies, it ended with the LONG strategy.

Since the 15568.5 point is a short-term stop loss point, we have established a strategy that includes this.

Breaking upward through the expansion triangle concluded the previous LONG strategy.
It seems that you will need to check the flow after the time indicated on the chart to see if you can keep the expanding triangle's channel.

(LONG)
1. Entry point: when supported at 15568.5 and ascend
Target point: 1st 15776.5 point or higher, 2nd 16384.5 point or higher
(However, if it falls from the uptrend line (C), it is Stop Loss.)

2. Entry point: When the upward trend line (C) -15776.5 is supported and rises above the 15791.5 point
Target point: 1st 16384.5 points or higher, 2nd 16700.0 points or higher
(However, if it starts to rise after the time indicated on the chart and falls below the uptrend line (8), it is Stop Loss.)


(SHORT)
Entry point: When breaking below the 15568.5 point
Target point: 1st 15340.0 point or less, 2nd 15143.0 point or less
(However, if it rises above the upward trend line (B), it is Stop Loss.)

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(CME Bitcoin (BTC1!) 1D chart)
Today's gap is 15805.0-16000.0.

We need to see if we can get support and climb at point 15825.
You should also look to see if it can rise above the 16220.0 point by ascending along the uptrend line (6).

If it falls at 15685.0, it is a short-term Stop Loss.
If it falls at 14970.0 point, you need to trade to preserve the profit and loss.

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(BTC Dominance 1D Chart)
You should check for movements that deviate from 64.63-66.39 due to volatility around November 11 (November 10-12).

If it falls below the 64.63 point and falls towards the 63.38 point, the altcoins' price is expected to show a significant rise.

If not, however, the current uptrend is only a rebound and the downtrend is expected to continue.

So, if you want to invest in altcoins, you have to respond in the short term.

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(USDT Dominance 1D Chart)
You should check for movements that deviate from the 3.760-4.390 section around 7-12 November.

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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 profit
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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
Comment:
(BAKKT Bitcoin (BTM1!) 1D chart)
Today's gap is 15410.0-15472.5. (Not shown on the chart.
If it falls, we need to see if we can get support at 15699.0.
If it falls from 15320.0, it is a short-term Stop Loss.

We have to see if we can ascend above 16261.5 points.

[Example of exchange chart setup]

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

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