Bitcoin (BTC) - November 19

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(XBTUSD 1W Chart) - Medium to Long-Term Perspective
istantanea
Above the 27650.0-29350.0 section: The upward trend is expected to continue.

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.


(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 is falling on the uptrend line (1) as it declines from the first resistance section.

It is necessary to check whether there is a sharp movement in the 53976.5-56641.5 section, which is the first support section.

If there is a sharp movement and an upward movement towards the first resistance zone, this is because strong support is thought to exist.


It turned into a short-term downtrend as it fell on the MS-Signal indicator.

If it declines from the M-Signal indicator on the 1W chart, it is expected to turn into a medium-term downtrend.

Therefore, a short-term Stop Loss is required if the first support section is falling.

(These short-term Stop Loss is recommended for those who are familiar with short-term trading or those who are located near the average purchase price, and who feel that a response is necessary.

Selling 100% in the short-term Stop Loss section is a very risky trade.
Up to 50% or less, you need enough Stop Loss to calm your psychological state in rising and falling prices.

The short-term Stop Loss section can be a good buying section for those who are new to entering, so you need to check which section abrupt movements occur.)


As explained in the Market Cap chart at the bottom, you can see that money is flowing into the coin market even as BTC and ETH prices fall.

Accordingly, I think it is time to consider whether it is possible to trade to lower the average unit price of one's purchase or increase the weight.

Funds invested to lower the average purchase price or increase the proportion must be recovered by selling when the price rises.

(If your psychological state continues to be in a state of excitement, such as nervousness, anxiety, or ecstasy, then it is time to start collecting the principal of the purchase.

In order to maximize returns in the investment market, it is recommended to sell both the principal used for the purchase and the amount of tokens corresponding to the return at the highest price, but in practice this is not easy.

Therefore, a strategy to recover the purchase principal in installments is necessary.

Revenue must be re-created by increasing the number of tokens corresponding to revenue.)


The next volatility period is around December 3rd.



(ETHUSDT 1D Chart)
istantanea
It is believed that ETH has led the rise of the coin market since October 28th.

In this flow, for BTC to lead the rise of the coin market again, the BTC price must rise above the 66059.5 point (based on the XBTUSD chart).

It is necessary to check if the dominance of the coin market shifts from ETH to BTC due to the volatility between around November 15-24 (up to November 14-25).


An important point on the ETH chart is the 4220.37 point.

The decline from the 4220.37 point, I believe, is encouraging a concomitant decline in BTC price.

However, it is necessary to check whether these movements are converted into rapid movements in the section 3582.10-3885.52.

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(BTCUSDTPERP 1D Chart)
istantanea
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


You touched the first support zone.

It is necessary to check whether there is a sudden movement in the section 54987.2-56942.5.

The sharp move should see if we can move towards the first resistance area between 24-30 Nov.


The next volatility period is around November 29 (maximum November 25-30).

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(Market Cap Chart)
istantanea
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.

When the prices of BTC and ETH fall, funds are rather coming into the coin market.


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): Must rise above 3.374 point.


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


BTC and ETH are taking turns leading to an upward trend in the coin market.

As I said in my previous post, we need to see if we can lead the upward trend from ETH-led to BTC-led during this volatility period.

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(XBTUSD 1M Chart) - Big Trend
istantanea
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 a 4-5 wave is 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 the A section.

The expected ascent section is near the 80574.0-83397.0 section.
This is an expected 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 bear market continues.

If the 38K section is touched, it is expected to lead to a sharp rise.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it 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.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
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 been released yet.
(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.)

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Nota
(XBTUSD 1D chart)
istantanea
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTBTCUSDTPERPETHUSDETHUSDTTechnical IndicatorsTrend AnalysisusdtdominanceWave AnalysisXBTUSD

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