It remains to be seen if it can gain support at the 22261.5-22925.0 interval and climb along the uptrend line (1).
At the end of the period of significant fluctuations, we need to see where the volatility around December 18th (December 17-19) is gaining support.
If you look at it from your current position, you will have to watch for any movement that deviates from 20093.0-24252.5. If not, it is expected that around December 27th will be a period of volatility.
If you go down at 22261.5, you need Stop Loss to preserve your profits and losses, and you need to think about how to proceed.
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(BTC Dominance 1D Chart) It is on the rise after breaking above the 65.89 point. It remains to be seen if it can quickly move below the 65.89 point. We also have to see if we can get resistance near the 67.44 point and move downward.
Since the funds are concentrated in BTC, if it cannot be diversified toward altcoins, the coin market is expected to change the trend with a sharp decline in the end. To prevent this, I think BTC dominance must fall, and altcoins' price must rise.
If it rises above the 67.44 point, I think there is a high possibility of a sharp decline.
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(USDT Dominance 1D Chart) We should see if we can get resistance at the downtrend line (6) and touch the 2.754 point. If you go up, you need to make sure you get resistance at 3.285.
** 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 an increase in the gap (22870.0-23050.0). We need to see if it can rise along the uptrend line (2). If it falls, you need to make sure you get support in the 21840.0-22465.0 range. If you go down at 21840.0, you need a Stop Loss to preserve profit and loss, and you need to think about how to do this.
Nota
(XBTUSD 1h chart)-Short term strategy It remains to be seen if the uptrend line can break above the intensively passing section.
To do this, we need to get support from the 21934.0-22261.5 section and see if we can climb to the 23816.5-24252.5 section.
(LONG) 1. Entry point: When exceeding 22261.5 point Target point: 1st 22925.0 or higher, 2nd 23816.5 or higher Stop Loss: 21934.0 point (However, if it falls without breaking above the uptrend line, it is Stop Loss.)
2. Entry point: When exceeding 24085.0 point Target point: 24623.0 point or higher Stop Loss: 23816.5 point (However, if it falls without breaking above the 24252.5 point, it is a Stop Loss.)
(SHORT) 1. Entry point: When breaking down from 21934.0 Target point: 1st 21396.0 point or less, 2nd 20858.0 point or less Stop Loss: 22203.0 point
2. Entry point: When breaking down from 23816.5 point Target point: 23009.5 points or less Stop Loss: 24085.0 point (However, if it rises without breaking below the uptrend line, it is Stop Loss.)
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