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After falling from 18719.11, which was the short-term stop loss point, it has touched the 17176.24-17892.0 section and is rising.
This is a point that is located at the high point than the section that rose after the decline on November 26, and I think that the support section was reconfirmed by raising the low point.
With this, we need to see if the uptrend continues along the new uptrend line (5).
To confirm this, we need to see if there is any movement deviating from the 17892.0-18719.11 range due to volatility around December 11th.
At this point, you can reaffirm support by touching the uptrend line (5) again, so you need to trade carefully.
If it falls at 17176.24, a Stop Loss is needed to preserve profit and loss.
Since the BTC price is at its peak, it is inevitable to be sensitive to price fluctuations.
Also, in order for the price to rise further, volatility must occur.
I think that before November 26th, there was not much volatility, but it rose and formed a strange market where BTC prices only rose without much fun.
Altcoins also rose in the middle, but I don't think it has prevented the phenomenon of returning to its place.
If the current volatility breaks above 20K and gains support, a new bull market is expected to open.
And I'm expecting to reorient at the 22K range next.
(The 22K range is the price I mentioned by applying the rise by the'Pull Back' pattern as the current Fibonacci retracement rate.)
If it falls below the 15960.0 point, it is expected that a downtrend will begin with a trend reversal.
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(Coinbase BTCUSD 1D chart)
It is rising after touching the uptrend line (4) and between 17178.0-17889.14.
We must see if we can climb above 18721.93 and gain support.
If it falls from 17178.0, you need a Stop Loss to preserve your profit or loss.
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(OKEX BTCUSDT 1D chart)
It is rising after touching the 17198.0-17852.6 section.
We must see if we can climb above the 18688.8 point and gain support.
It remains to be seen if the volatility around December 12 causes any movement outside the 17852.6-18688.8 range.
If it declines at 17198.0, a Stop Loss is required to preserve profit and loss.
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(BTC Dominance 1D Chart)
The downtrend lines (1) and (4) are downtrend lines that have been around since a long time ago.
So, the reliability can drop that much.
However, the downtrend lines (1) and (4) are trend lines that started at the same point and ended in a recent wave movement.
After rising from the 56.74-58.02, which was thought to be important, there is movement in the 63.38-67.44 section.
(1M Chart: www.tradingview.com/x/fMsA454A/)
It is hard to see because of the cluttered lines, but you can see that the section is located about the middle of the overall chart.
Therefore, I think that 63.38-67.44 is at the boundary between bullish and bearish.
In addition, we believe that the bullish market, where all coins rise, should fall to 56.74-58.02 or below.
We'll see if we can get resistance at the uptrend line (5) and move down and move below the 63.38 point.
You also need to see if you are getting resistance by falling below the newly drawn downtrend line (4).
It falls to the 61.20-62.12 range, and we have to see if it will orient the next coin market.
Since I have already touched the 61.20-62.12 section and climbed, the direction may have been decided, but I said again because I think we need to check the volatility around December 15th.
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(USDT Dominance 1D Chart)
There was a movement out of the 3.285-3.596 section.
Also, it is falling after attempting to break above the downtrend line (1).
We'll see if we can get resistance at the downtrend line (1) by around December 5th and move below the 3.596 point.
-------------------------------------------------- -------------------------------------------
** 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
(Example) Gap (G1-G2)
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.
-------------------------------------------------- -----
After falling from 18719.11, which was the short-term stop loss point, it has touched the 17176.24-17892.0 section and is rising.
This is a point that is located at the high point than the section that rose after the decline on November 26, and I think that the support section was reconfirmed by raising the low point.
With this, we need to see if the uptrend continues along the new uptrend line (5).
To confirm this, we need to see if there is any movement deviating from the 17892.0-18719.11 range due to volatility around December 11th.
At this point, you can reaffirm support by touching the uptrend line (5) again, so you need to trade carefully.
If it falls at 17176.24, a Stop Loss is needed to preserve profit and loss.
Since the BTC price is at its peak, it is inevitable to be sensitive to price fluctuations.
Also, in order for the price to rise further, volatility must occur.
I think that before November 26th, there was not much volatility, but it rose and formed a strange market where BTC prices only rose without much fun.
Altcoins also rose in the middle, but I don't think it has prevented the phenomenon of returning to its place.
If the current volatility breaks above 20K and gains support, a new bull market is expected to open.
And I'm expecting to reorient at the 22K range next.
(The 22K range is the price I mentioned by applying the rise by the'Pull Back' pattern as the current Fibonacci retracement rate.)
If it falls below the 15960.0 point, it is expected that a downtrend will begin with a trend reversal.
-------------------------------------------------- -
(Coinbase BTCUSD 1D chart)
We must see if we can climb above 18721.93 and gain support.
If it falls from 17178.0, you need a Stop Loss to preserve your profit or loss.
------------------------------------------------
(OKEX BTCUSDT 1D chart)
We must see if we can climb above the 18688.8 point and gain support.
It remains to be seen if the volatility around December 12 causes any movement outside the 17852.6-18688.8 range.
If it declines at 17198.0, a Stop Loss is required to preserve profit and loss.
-----------------------------------------------
(BTC Dominance 1D Chart)
So, the reliability can drop that much.
However, the downtrend lines (1) and (4) are trend lines that started at the same point and ended in a recent wave movement.
After rising from the 56.74-58.02, which was thought to be important, there is movement in the 63.38-67.44 section.
(1M Chart: www.tradingview.com/x/fMsA454A/)
It is hard to see because of the cluttered lines, but you can see that the section is located about the middle of the overall chart.
Therefore, I think that 63.38-67.44 is at the boundary between bullish and bearish.
In addition, we believe that the bullish market, where all coins rise, should fall to 56.74-58.02 or below.
We'll see if we can get resistance at the uptrend line (5) and move down and move below the 63.38 point.
You also need to see if you are getting resistance by falling below the newly drawn downtrend line (4).
It falls to the 61.20-62.12 range, and we have to see if it will orient the next coin market.
Since I have already touched the 61.20-62.12 section and climbed, the direction may have been decided, but I said again because I think we need to check the volatility around December 15th.
----------------------------------------------
(USDT Dominance 1D Chart)
Also, it is falling after attempting to break above the downtrend line (1).
We'll see if we can get resistance at the downtrend line (1) by around December 5th and move below the 3.596 point.
-------------------------------------------------- -------------------------------------------
** 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
(Example) Gap (G1-G2)
[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/
