readCrypto

Support above 16.4K this week, a rise above 17108.7 is key

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BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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(USDT 1D chart)

(USDC 1D chart)

The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market.


(BTC.D 1D chart)
An increase in BTC dominance means that funds will be concentrated towards BTC.

need to see if it can rise above 42.72.


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

We need to see if it can drop below 8.41.

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(BTCUSDTPERP 1D Chart)
To continue the new trend, we need to keep the price above 16422.6.

Therefore, it is important to be able to climb with support in the 16422.6-16580.6 section.


It needs to rise above 17108.7 to continue the short-term uptrend.

So, the question is whether it can rise above 17108.7 this week.

However, it must rise above 17864.7 to turn into a mid- to long-term upward trend.


If it falls below 16422.6 and encounters resistance,
1st : 15908.2
2nd : 15328.7
3rd : 14824.3
You need to make sure that you are supported nearby.


The circled zones on the chart are important support and resistance zones.

The next volatility period is around January 6-9.


(1h chart)
The circled zones on the chart are important support and resistance zones.


If the price is maintained below the M-Signal line of the 1D chart and below 17108.7, the main position is 'SHORT'.

Therefore, a quick response is required when entering a 'LONG' position.


The price declined and fell to the T1 section of 16422.6-16580.6.

Therefore, when you get out of this section, new entry is possible.

When it rises above 16580.6 and shows support, 'LONG' entry is possible.

However, when the 5EMA line on the 1D chart is touched, volatility may occur, so a quick response is required.

If it falls to 16422.6 and becomes resistance, a 'SHORT' entry is possible.
1st : 15908.2-16161.1
2nd : 15328.7-15480.8
3rd : 14824.3


A 'SHORT' position entered at 16984.9 is currently in progress.

Therefore, the first sale was made by touching the T1 section, and the trading method is used to place a reserve order to sell at the entry price.

The second selling point is the T2 section, which is the section 15908.2-16161.1.

If the current 'SHORT' position ends, it means that it has risen to the 16984.9-17108.7 section, so you can confirm that it is out of the 16984.9-17108.7 section and enter a new position.

However, since volatility can occur by touching the 5EMA line and the M-Signal line of the 1D chart, it is necessary to pay close attention to the movement when these two lines are touched.

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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.

** SR_R_C 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:
(NAS100USD + DXY + XAUUSD 1D Chart)
The key is whether NAS100USD can receive support and rise in the 10689.2-11366.9 section.

The question is whether the DXY can find resistance around 104.738 and drop.

The question is whether XAUUSD can break below 1780.619.
Comentarios:
(BTCUSDT 1D chart)
Touched below 16428.78.

Therefore, the possibility of breaking the new flow on November 27 is increasing.

We need to check if this candle closes above 16428.78.

As we are located in a period of volatility, we need to see if this decline can be a driving force for an upside.

If it continues to decline, I would expect a decline to the 15475.10-15916.68 range.

The volatility period lasts until around December 24th.
Comentarios:
(BTCUSDTPERP 1h chart)
It is showing a decline without being able to touch the area around 16938.1 that I mentioned earlier.

This movement is the trickiest part to counter.

However, as I said that the 16422.6-16580.6 section is a short-term entry section, it is recommended that you think about how you entered the position and proceed with the transaction accordingly.

Since responding too quickly can cause losses, in this case, I think it is better to set the point corresponding to the 'buying unit price + transaction fee' as the stop loss point and wait.

The primary goal is the same.

[Example of exchange chart setup]

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

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