A short-term uptrend turnaround! 17176.24 Requires Rise (Day 3)

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(USDT 1D chart)
istantanea

(USDC 1D chart)
istantanea


(BTC.D 1D chart)
istantanea
Next period of volatility: Around December 5th


(USDT.D 1D chart)
istantanea
In order for the coin market to show an upward trend, USDT dominance must fall.

So, the question is whether it can drop to around 7.86.

Next period of volatility: Around December 10th

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(BTCUSDT 1M Chart)
istantanea
The closing price and opening price of the candlestick for December 2017-January 2018 on the 1M chart is formed around 13.7K.

Therefore, it is important to be able to climb with support in the 13.1K-15.9K section or higher.

In particular, since a new volume profile section is being formed around 20050.02, it is necessary to check whether the price can be maintained by rising above this point.

The volume profile section formed on the 1M chart is formed at 7011.21, 20050.02, and 28923.63.

Therefore, the nearest launch point for the uptrend from the current price range is around 20050.02.


(1W chart)
At the current price level, the trend-determining zones are the 13137.51-15916.68 and 27033.35-29812.52 zones.

So, if it finds support in the 13137.51-15916 section and starts to rise, it means that it is likely to see a big break again in the 27033.35-29812.52 section.

Based on the midpoint between the trend-determining sections, that is, around 21475.02, it can be divided into a lower sideways section and an upper sideways section.

Therefore, it can be seen that the price is currently maintaining the lower sideways range.


If the price continues to rise and this week's candlestick closes above 17.176.24, I would expect a new move to be seen.

The HA-Low line currently formed at 19518.59 seems likely to decline.


(1D chart)
It is currently showing support in the MS-Signal indicator on the 1D chart.

To clearly show this support, we need to see the price hold above 17176.24.


The support and resistance points of the RSI 20 indicator on the 1D chart are formed around 17572.33, so if it rises above the 17176.24-17572.33 section, it is likely to see a temporary surge.

With this temporary surge, we need to see if we can touch the downtrend line (1), 18353.11 point.

In any case, it can be seen that the 17176.24-17572.33 section plays an important support and resistance role on the 1M chart and 1D chart.


An attempt to break above the MS-Signal indicator, i.e. the support test, is expected to enter its third day.

So, I think the key is whether the candlestick on December 3 closes above 17176.24.

If such a move continues until around December 7th, I would expect a move to rise above 18353.11.


At 16428.78, the -100 indicator point is forming.

So, a break below 16428.78 is expected to reverse a short-term downtrend.

In this short-term downtrend, we need to see support at the 15475.10-15916.68 area.

If not, it is expected to renew the recent low.


Circled zones mark important support and resistance zones.

In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement carefully.

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- big picture
I think you need to be supported in the 13K-15K section to get the power to rise.

Therefore, whether it is rising or falling from its current position, a short-term response is required.

A full-fledged uptrend is expected to start when it rises above 29K.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator includes indicators that indicate points of support and resistance.

** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

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Nota
(BTCUSDTPERP 1h chart)
istantanea
At the current price level, the likely areas for final touches are between 18374.1-18741.7 and around 14824.3.

The possibility of such a move is that the coin market is showing a withdrawal of funds, and BTC dominance is located in a zone where there is a high possibility of large volatility.


If the price holds above 17170.0, the main position is 'LONG'.

However, as mentioned above, there is a possibility of large volatility, so proper split trading is essential.
Nota
(NAS100USD + DXY + XAUUSD 1D Chart)
istantanea
The thing to keep an eye on is whether it can drop sharply around 101.860 when it encounters resistance around 104.738 on the DXY chart.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCbtcdominanceBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominance

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