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We have to see if we can get support and climb in the 12.0905-12.8900 range.
If it goes down, you have to touch the M-Signal line on the 1W chart and see if it can go up.
It remains to be seen if volatility around December 26th could rise above the downtrend line (3) and the uptrend line (2).
If it falls at 12.0905, it is a short-term Stop Loss.
This is because it is viewed as a price adjustment due to the sideways movement of the BTC price.
If it falls at 10.7279, you need a Stop Loss to preserve profit or loss.
However, you need to trade carefully as you can touch the uptrend line (1) and the section between 9.3922-9.8700 and move up.
From the CCI-RC indicator, the CCI line is located near the zero point.
If the CCI line falls below zero, there is a possibility of a sharp decline, so careful trading is necessary.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** 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.)
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.
-------------------------------------------------- -----
We have to see if we can get support and climb in the 12.0905-12.8900 range.
If it goes down, you have to touch the M-Signal line on the 1W chart and see if it can go up.
It remains to be seen if volatility around December 26th could rise above the downtrend line (3) and the uptrend line (2).
If it falls at 12.0905, it is a short-term Stop Loss.
This is because it is viewed as a price adjustment due to the sideways movement of the BTC price.
If it falls at 10.7279, you need a Stop Loss to preserve profit or loss.
However, you need to trade carefully as you can touch the uptrend line (1) and the section between 9.3922-9.8700 and move up.
From the CCI-RC indicator, the CCI line is located near the zero point.
If the CCI line falls below zero, there is a possibility of a sharp decline, so careful trading is necessary.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** 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.)
[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/
If the price can be kept above the M-Signal line on the 1W chart, an attempt to break above the downtrend line (3) is expected.