Bitcoin (BTC) - December 1

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(BTCUSDT 1W Chart) - Medium to Long-Term Perspective
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28130.0-29300.0 or higher: expected to continue upward trend

41950.0-46930.0 or more: Expected to create a new wave.


Looking at the CCI-RC indicator, we can see that the CCI line is above the +100 point, indicating that it is already in an uptrend.

However, as it is below the EMA line, it can be said that the uptrend was limited.

If the CCI line breaks above the EMA line and rises, it is expected to lead to a sharp rise.


It is necessary to check if the center line is rising as the green width of the OBV in the volume indicator increases.

An increase in the green width of OBV indicates that the buying trend is increasing.


One interesting phenomenon is that in the wRSI_SR indicator, when the RS line falls below the 20 point and then rises, it looks like a big uptrend.
See if this applies again.


(1D chart)
First resistance section: 60383.36-63162.53
Second resistance section: near point 71500.03

First support section: near the 54825.02 point
Second support section: 46487.52-49266.69


We need to see if we can keep the price above the 56578.21 point.

It must rise above the 59500.0 point to turn into a short-term uptrend.

The price should remain above the 66001.41 point to accelerate the uptrend that started on July 21st.


In the CCI-RC indicator, the CCI line has fallen to the +100 point, so it is expected that it will take time to stock up on strength.

Between December 4th (December 3-5), you should see if the CCI line rises above the +100 point.


If the 53951.43 point declines and finds resistance, a short-term Stop Loss is needed as it is likely to fall near the 41950.0 point.

Even if the above decline occurs, it is highly likely that it will be temporary, so we are not considering it. However, given the nature of the investment market, we should think about countermeasures.


The next volatility period is around December 22.

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(BTCUSDTPERP 1D Chart)
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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


We need to see if we can sustain the price above the first support level.

It needs to move above the 60042.8 point to turn into a short-term uptrend.

The price should remain above the 66927.9 point to accelerate the uptrend.


If the first support area moves downward, it is likely to touch the second support area.

If the second support level is touched, there is a possibility that the price will fall near the 39677.8 point, so you need to be careful when falling below the first support level.


The next volatility period is around December 18th.

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(Market Cap Chart)
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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.

If the following phenomena do not occur, the coin market is expected to maintain an upward trend.


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

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(XBTUSD 1M Chart) - Big Trend
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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 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.
(Since it is not publicly available, 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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Nota
(ETHUSDT 1D Chart)
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The 4220.37 point is a significant point in the uptrend that started on July 21st.

Therefore, we believe that a move out of the 4191.93-4464.22 section is likely to form a new trend.

However, I think it is better to keep the price above the uptrend line (1) to accelerate the uptrend.


Since the 3582.10-3885.52 section is the previous high section, if it declines in this section, it can fall to the 2275.68-2531.05 section, so careful trading is required.

(Previously published target point: tradingview.com/x/bLPiEN3U/)
Nota
(BTC 1M Chart)
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It is necessary to check whether there is support in the 54.8K-56.9K section.

If it finds support, it is expected to create a new uptrend.


If it falls from the 54.8K range,
1st support section: 46K units
2nd support section: 38K units
Nota
(Market Cap Chart)
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As we continue, we expect the coin market to maintain an uptrend unless the USDT and USDC charts turn into a downtrend.


(USDT 1W Chart)
1st decline period (tradingview.com/x/o6y5T82P/)


I think that the 2nd decline period (tradingview.com/x/QX95V0NB/) is difficult to see as the actual period of decline.

However, I gave an example because I wanted to tell you that when such a movement occurs, the coin market will show a big downward wave.
Nota
(BTCUSDT 1D Chart)
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If the price holds above the 56578.21 point, we expect a new trend.

It can temporarily touch the 53951.43-54825.02 section, but as long as it does not move below the downtrend line (1), I expect an uptrend.

This movement is expected to appear around December 3-14 (up to December 2-15).


It is expected to form an uptrend as the red width of the OBV in the volume indicator shifts to a green width.

In addition, this upward trend is expected to be maintained only when the CCI line rises above the +100 point in the CCI-RC indicator to maintain the upward trend.
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend AnalysisUSDCusdtusdtdominanceWave AnalysisXBTUSD

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