Bitcoin-significant volatility period (around December 11-18)-7
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We need to see if an attempt is made to gain support at 19287.5 and climb along the uptrend line (2) to break above the 20093.0 point.
It remains to be seen if the volatility around December 18 leads to a movement outside the 17422.0-20093.0 range.
Since it broke above the 18751.0-19287.5 range, it is at the point where an increase in trading volume is essential in order to rise to a higher price.
For this increase in trading volume, I think it is necessary to show support from 19287.5 points or higher.
Accordingly, if there is a sideways movement near the 19287.5 point until around December 18th, I think it will be possible to attract the necessary trading volume to rise.
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(BTC Dominance 1D Chart)
We have to see if we can get resistance and move downward at the downtrend line (3) and uptrend line (5).
If it rises above 64.86 points, the price of altcoins is expected to fall again.
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(USDT Dominance 1D Chart)
We must see if we can get resistance at 3.596 and move below the downtrend line (2).
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If you look at the charts below, you can see that the TOTAL2 chart, that is, the prices of major coins, are falling a little further.
If you watch the TOTAL2 and OTHERS charts rise when the TOTAL chart rises above any point, I think you can roughly know when to invest in altcoins.
(TOTAL 1D chart)
Market cap of all coins
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(TOTAL2 1D chart)
Market cap of remaining coins minus BTC market cap
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(OTHERS 1D chart)
Market capitalization of remaining coins minus BTC and major coins
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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.)
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.
-------------------------------------------------- -----
We need to see if an attempt is made to gain support at 19287.5 and climb along the uptrend line (2) to break above the 20093.0 point.
It remains to be seen if the volatility around December 18 leads to a movement outside the 17422.0-20093.0 range.
Since it broke above the 18751.0-19287.5 range, it is at the point where an increase in trading volume is essential in order to rise to a higher price.
For this increase in trading volume, I think it is necessary to show support from 19287.5 points or higher.
Accordingly, if there is a sideways movement near the 19287.5 point until around December 18th, I think it will be possible to attract the necessary trading volume to rise.
---------------------------------------------
(BTC Dominance 1D Chart)
We have to see if we can get resistance and move downward at the downtrend line (3) and uptrend line (5).
If it rises above 64.86 points, the price of altcoins is expected to fall again.
-----------------------------------------------
(USDT Dominance 1D Chart)
We must see if we can get resistance at 3.596 and move below the downtrend line (2).
----------------------------------------------
If you look at the charts below, you can see that the TOTAL2 chart, that is, the prices of major coins, are falling a little further.
If you watch the TOTAL2 and OTHERS charts rise when the TOTAL chart rises above any point, I think you can roughly know when to invest in altcoins.
(TOTAL 1D chart)
Market cap of all coins
--------------------------------------
(TOTAL2 1D chart)
Market cap of remaining coins minus BTC market cap
----------------------------------------
(OTHERS 1D chart)
Market capitalization of remaining coins minus BTC and major coins
-------------------------------------------------- -------------------------------------------
** 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.)
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)
Nota
(CME Bitcoin (BTC1!) 1D chart)It started with a fall in the gap (19560.0-19505.0).
We need to see if it can rise along the uptrend line (1).
If it falls from the 18850.0 point, it is a short stop loss.
Nota
(XBTUSD 1h chart)-Short term strategy
(LONG)
1. Entry point: When breaking above the 19314.0 point
Target point: 1st 19807.5 or higher, 2nd 20093.0 or higher
Stop Loss: 19149.5 point
2. Entry point: When breaking above the 18492.0 point
Target point: 18821.0 point or higher
Stop Loss: 18327.5 point
(However, if it falls without breaking above the 18751.0 point, it is a Stop Loss.)
(SHORT)
1. Entry point: When breaking below 18327.5 point
Target point: 17834.0 point or less
Stop Loss: 18492.0 point
(However, if it rises without breaking below 18195.0, it is Stop Loss.)
2. Entry point: When breaking down from 19149.5 point
Target point: 18821.0 point or less
Stop Loss: 19314.0 point
(However, if it rises without breaking below the 18962.0 point, it is a Stop Loss.)
Nota
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG)
1.Entry point: When it exceeds 19286.8 point
Target point: 19698.6 point or higher
Stop Loss: 19121.7 point
2. Entry point: When breaking above the 18461.1 point
Target point: 1st 18791.4 point or higher, 2nd 19056.4 point or higher
Stop Loss: 18296.0 point
(SHORT)
Entry point: When breaking below 18296.0 point
Target point: 17879.8 point or less
Stop Loss: 18461.1 point
Nota
(BAKKT Bitcoin (BTM1!) 1D chart)It started with an increase in the gap (19420.0-19437.5).
It remains to be seen if it can rise above the 20180.0 point by ascending along the uptrend line (1).
Nota
(XBTUSD 1D chart)We need to make sure we get support at the 20093.0 point.
If it is supported above the 20093.0 point, it is expected to reorient itself in the 22261.5-22925.0 section.
Nota
(BTC Dominance 1D Chart)When BTC price calms down and shows a sideways flow, it is expected that the altcoin price can rise only when the BTC dominance declines.
Therefore, if you are investing in altcoins, you should also watch the movement of BTC dominance.
We believe that altcoins should fall below 63.38 for the overall upward trend.
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