Bitcoin (BTC, including short-term strategy) - November 24

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We need to make sure we can get support at 18280.5.

Short-term Stop Loss point: When falling from 18280.5 point
Stop Loss point for preservation of profit and loss: When falling at 17422.0 point


Looking at the wRSI_SR indicator (same as the previous Stochastic RSI indicator), it shows a short-term downtrend.
If you get support during this short-term downtrend, your chances are higher if you enter into a short-term uptrend.

Looking at the current BTC price, it is showing support at 18280.5.

The RS line is expected to touch the downtrend line (A).
You need to touch the downtrend line (A) and see if it can rise.


In the CCI-RC indicator, the CCI line is attempting to break down the uptrend line (B).
If this falls from the uptrend line (B), it is expected to touch the EMA line.

The movement of these indicators and the fluctuations in prices can only be more familiar with the time spent looking at the chart.

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(BTC Dominance 1D Chart)
imagen
It is breaking below the 63.38 point.
You also need to see if you can break below the uptrend line (5).

We have to see if we can move down the 61.20-62.12 range.

The plunge in BTC dominance signals the start of the altcoin bull market.


In this case, I think investing in altcoins is better than investing in BTC.
This is because the BTC price is more likely to sideways, resulting in a lower return on investment.

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(USDT Dominance 1D Chart)
imagen
We have to see if it falls below the 3.285 point.

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(OTHERS Dominance 1D Chart)
imagen
Excluding BTC and major coins, the dominance of altcoins is trying to rise.
We'll see if we can break above the downtrend line and touch the 8.21 point.

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** 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: closing price when closed
G2: Market price at the time of opening
Nota
(XBTUSD 1h chart)-Short term strategy
XBTUSD (Short term strategy) - November 24


Moving up and down the rising channel, it is naturally moving to the bottom rising channel.

In the wRSI_SR indicator (same as the existing Stochastic RSI indicator), there is a section where the BTC price moves, similar to the movement of the RS line, and there are incorrect sections.
The wrong section is the divergence section.

Looking at the CCI-RC indicator, you can see that the CCI and EMA lines are on a downtrend.


(LONG)
Entry point: When breaking above 18327.5 point
Target point: 18600.5 point or higher, 2nd 18821.0 point or higher
Stop Loss: 18157.5 point
(However, if it falls without breaking above the upward trend line (2), it is a Stop Loss.)

(SHORT)
Entry point: When breaking below 18157.5 point
Target point: 17834.0 point or less
Stop Loss: 18327.5 point
(However, if it rises without breaking below the uptrend line (1), it is Stop Loss.)
Nota
(BTCUSDTPERP 1h chart)-Short term strategy
OKEX BTCUSDTPERP (Short term strategy) - November 24


Compared to the XBTUSD chart, the location of the entry point is ambiguous.
Therefore, be cautious when entering.

(LONG)
Entry point: When exceeding 18351.9 point
Target point: 1st 18564.2 point or higher, 2nd 18791.4 point or higher
Stop Loss: 18136.6 points
(However, the distance between the entry point and the Stop Loss point is wide. Therefore, high magnification may cause a large loss, so be careful.
In this case, it is recommended to specify Stop Loss as a division. The recommended point is 18296.0.)

(SHORT)
Entry point: When breaking below 18136.6 point
Target point: 17879.8 point or less
Stop Loss: 18296.0 point
(However, the distance between the entry point and the Stop Loss point is wide. Therefore, high magnification may cause a large loss, so be careful.
In this case, it is recommended to specify Stop Loss as a division. The recommended point is 18220.0.)
Nota
(CME Bitcoin (BTC1!) 1D chart)
imagen
CME Bitcoin (BTC1!) - November 24

It started with a rise in the gap (18410.0-18650.0).
It remains to be seen if the volatility around the 25th of November causes any movement outside the 18090.0-19965.0 range.

Short-term Stop Loss point: When falling from 18090.0 point
Stop Loss point for preservation of profit and loss: When falling from 17465.0 point
Nota
(BTC Dominance 1D Chart)
imagen
It fell to 61.20-62.12.
You should watch for any movement that deviates from 61.20-62.12.
It is expected to be a crossroads between rising and falling between 21 November and 15 December.

(USDT Dominance 1D Chart)
imagen
We have to see if we can get below the 3.285 point.

(OTHERS Dominance 1D Chart)
imagen
You can see that the funds are crowded with BTC and major coins.

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You must trade according to the valuation price from which you bought the coin.
If you've bought it recently, it could stumble from plus to minus when the BTC price fluctuates.
These coins should be traded appropriately to lower the valuation price.
Otherwise, when the BTC price fluctuates and stops rising, it may not recover and fall.
Bitcoin (Cryptocurrency)Bitcoin FuturesbtcdominanceBTCUSDTPERPBTM1!Chart PatternsTechnical IndicatorsothersdominanceTrend AnalysisusdtdominanceXBTUSD

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