readCrypto

Bitcoin (BTC) - December 30

readCrypto Mod Aggiornato   
BITMEX:XBTUSD.P   Bitcoin
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(XBTUSD 1W Chart) - Mid-Long-Term Perspective
Above the 27650.0-29350.0 section: An uptrend expected to continue.

Above 47010.0 point: Expected to create a new wave.


In order to accelerate the upward trend, it is expected that the CCI line must rise above the EMA line in the CCI-RC indicator.


(XBTUSD 1D Chart)
First resistance section: around 55164.5
Second resistance section: 60811.0-63634.5

Support section: around 38225.0


The 46695.0-49518.0 interval is an important interval that determines the trend.

Accordingly, if there is a movement below the 45211.0 point or above the 50876.0 point, we expect the trend to be determined in that direction.


If the price holds above the 50876.0 point, it is expected to turn into an uptrend.


Short-term Stop Loss is required if it falls below the 49205.0 point by touching above the 50876.0 point.

In addition, if it falls in the section 45211.0-46695.0, Stop Loss is required to preserve profit and loss.


The wRSI_SR indicator shows a short-term downtrend as the RS line falls below the trend line of the trough.

However, if the BTC price is maintained above the 46695.0 point, it is expected to touch above the 49205.0 point.


As the center line of OBV in the volume indicator is falling, it can be seen that the volume is decreasing.

You need to make sure that the red width of the OBV transitions to the green width.

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(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.

Looking at the big picture, I think 4-5 waves are 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 section A.

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 intervals to move up to the expected level.
The two large resistance sections are sections a and 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 the price trend is in an upward trend or a downward trend, 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 be able to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for 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.
(Since it was not disclosed, 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 a 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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Commento:
(ETHUSDT 1D Chart)
As you get closer to the 3582.10 point, you need to see if there is a sharp movement.

The volatility period is around December 31 (December 30 - January 1).
We need to see if the price holds above the short-term downtrend line between Dec 30th - Jan 15th.
Commento:
(Market Cap 1D Chart)
On the BTC.D chart, we need to see if we can move below the downtrend line by December 31st.

On the USDT.D chart, we should see resistance and see if we can move lower.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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