readCrypto

The HA-High line has gone down! Let's touch and rise to 17880.71

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(USDT 1D chart)

(USDC 1D chart)

When a new candle is created, we need to check whether the position of the current candle is changed.

This is because if the gap of USDT or USDC does not decrease, the coin market is likely to move sideways.

Rather, when a gap rises, it means that new funds have flowed into the coin market, so the coin market is expected to rise again in the near future.


The fall in the gap between USDT and USDC means that money is being withdrawn from the coin market.

Therefore, even if there are price fluctuations in the coin market, if USDT and USDC continue to show a gap decrease, the coin market will eventually show a decline.


(BTC.D 1W chart)
I believe that BTC dominance must rise in order for the coin market to show stable movements.

This is because these stable movements will invigorate the coin market and provide the driving force for active transactions as an investment market.

Therefore, BTC dominance should continue to rise.

If possible, I think it would be good to show a rise in the 43.40-45.68 section and then a decline.

Because if it rises higher than that, investors are expected to suffer.

At this time, it is important to check whether the USDT dominance is rising or falling.


(USDT.D 1D chart)
A rise in USDT dominance means a fall in the coin market.

So, the question is whether it can find resistance around 8.11-8.22 and drop below 7.86.

If it does not and rises, the coin market will show a decline again.
The key is whether it can drop to around 7.86.

The next period of volatility is around January 5th.

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(BTCUSDT 1W chart)
The important point for the medium term is the 17880.71 point.

So, if the price holds above 17880.71, I would expect an attempt to break out of the downtrend channel.

If new funds do not come into the coin market, it is not expected to rise above 20050.02.

Therefore, it is only an attempt to break out of the downtrend and there is a possibility of a turn to the downside, so you need to think about how to respond.


(1D chart)
With this decline, the HA-High line, which was located at 20518.59, is showing a decline.

If the candle closes as it is, the HA-High line is likely to be created at 17115.96.

Therefore, being able to get support and rise around 17115.96 became important.

This is because if you touch the HA-High line as a sharp rise line, a sudden movement may occur sooner or later.

You need to touch the HA-High line and see if it will rise or fall.


The first challenge for the new trend, the one that changed around November 27th, to show the transition to the new trend is to keep the price above 17880.71.

So, by holding the price above 17115.96, we hope to lead to a new trend change in the new flow.


A new trend change is ultimately a break from the downtrend line (1).

Although it is showing more decline than expected, the good thing is that the price is holding above the HA-High line.


The next volatility period is around December 17-24.


Circled zones mark important support and resistance zones.

In this section, the trend may change depending on whether it is supported or resisted, so it is necessary to observe the movement carefully.


If this uptrend ends with a one-off,
1st: 17880.71
2nd: 19176.93
3rd : 20050.02
It is expected to touch the vicinity and fall.


If the new trend breaks, i.e. falls below 16428.78,
1st: 15475.10
2nd : 14.8K
3rd: 13137.51-13761.50
It is expected to touch the vicinity.

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- big picture
I think you need to be supported in the 13K-15K section to get the power to rise.

Therefore, whether it is rising or falling from its current position, a short-term response is required.

A full-fledged uptrend is expected to start when it rises above 29K.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator includes indicators that indicate points of support and resistance.

** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

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Comentarios:
(BTCUSDTPERP 1h chart)
By touching the M-Signal line on the 1D chart, the 'LONG' position entered around 16984.9 was finally closed.

A new HA-High line on the 1D chart is expected to be created at 17108.7, increasing the likelihood of a sharp move in the near future.

Therefore, if it rises above the 5EMA line on the 1D chart and shows support, 'LONG' entry is possible.

1st: 17670.0-17864.7
2nd : 18374.1-18741.7


When resisting and falling in the 16984.9-17108.7 section, it is possible to enter with 'SHORT'.
1st: 16422.6-16580.6
2nd: 15908.2-16161.1


If the price is maintained above the M-Signal line on the 1D chart, the main position is 'LONG'.

Therefore, a quick response is required when entering the 'SHORT' position.
Comentarios:
(NAS100USD + DXY + XAUUSD 1D Chart)
The key is whether NAS100USD can be supported at 11366.9.

Being able to get resistance at 105.292 on the DXY is a big question.


Looking at Nasdaq's movements, I think we can see why a lot of money was coming into USDC at once.

I think this is a phenomenon that clearly shows that the investment market is frozen more than I thought.

If the funds that have entered the coin market are not withdrawn and remain as they are, I think the coin market is highly likely to continue its upward trend.
Comentarios:
(USDT 1D chart)

(USDC 1D chart)

First of all, I don't see a sudden withdrawal of funds from USDT and USDC.

Rather, it appears that funds came in through USDT.

In these money situations, we need to see if we can calm the sell-off.

(BTC.D 1D chart)
BTC dominance should be viewed with the idea that it should continue to rise.

The reason is that the coin market can be a driving force to obtain a stable flow.

At this time, the important thing depends on whether the USDT dominance rises or falls.

(USDT.D 1D chart)
An increase in USDT dominance means that the coin market is likely to decline.

Therefore, USDT dominance should be in a falling candlestick on the 1D chart so that the coin market is likely to rise today.


Although it is less than the amount of money that has entered the coin market, funds have entered the coin market in their own way.

If this state is maintained, it is judged that there is a possibility of rising after the price defense.

Unless the Nasdaq plummets, the coin market is expected to go into price defense.
Comentarios:
(BNBUSDT 1W Chart)
I think the 179.2-243.5 section is a buyable section for those who want to invest in the mid- to long-term.

Therefore, we need to see how it is supported in the 179.2-243.5 section.

(1D chart)
Identify the areas that are likely to be supported.
Comentarios:
(BTCUSDTPERP 1h chart)
Comentarios:
Due to personal work, I don't think I can publish the idea today. We will notify you if we cannot do a live broadcast. Please check the BTCUSDTPERP 1h chart that we updated yesterday.
Comentarios:
We recommend that you wait until you see any changes on the USDT and USDC charts. You can check if the assets you have are closed at -10% or higher, check whether they are supported or resisted at support and resistance points, and respond.

[Example of exchange chart setup]

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

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