Bitcoin (BTC) - December 4

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(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
снимок
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 means 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


The move is attempting to accelerate the downward trend by breaking out of the first support zone of 53951.43-56578.21.

We need to see if this trend can give us a chance to rebound when the CCI line touches the zero point on the CCI-RC indicator.

Accordingly, you should check the movement between December 3rd and 5th.


It remains to be seen if the same move as the uptrend that started on September 29 can come again.


In order to transition into a short-term uptrend, the price must rise above the 56578.21 point to hold the price.

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


If the decline is found at 53951.43 and finds resistance, a short-term Stop Loss is necessary 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)
снимок
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


A decline from the 53233.1 point is likely to turn into a downtrend even in the medium term.

However, careful trading is required as it can rise with support in the 51187.6-53233.1 section.


Touching the second support area could lead to further declines near the 39677.8 point, so you need to think about how to respond.


In order to turn into a short-term uptrend, it must rise above the first support level.


The next volatility period is around December 18th.

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(Market Cap Chart)
снимок
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 USDT and USDC charts are trending upward, the coin market is expected to continue the upward trend.)


It is necessary to check whether the same movement as section A is displayed on the USDT.D chart.

Therefore, we expect movement around the week that includes December 13th.

It remains to be seen whether a drop below the 2.910 point will lead to an uptrend, or a move above the 3.374 point for a short-term downtrend.


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
снимок
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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Заметка
(ETHUSDT 1D Chart)
снимок
The price should remain above the 4220.37 point to continue the uptrend that started on July 21st.

Accordingly, I think the 4191.93-4464.22 interval is an important interval that determines the trend.

Caution is advised as trading volume may touch and rise above the uptrend line temporarily crossing the 3885.52 point between 6th and 8th of December due to the decrease in volume.


Above the 3582.10-3885.52 section is the high point, so if the price is maintained above this section, it is expected to create a new wave.
Заметка
(Market Cap Chart)
снимок
On the USDT.D chart, we should find resistance at the 3.374 point before and after the week of December 13th and see if we can move below the 2.910 point.

If any of these moves lead to an uptrend on the BTC.D chart, this should also be checked as the coin market may temporarily accelerate the downtrend.


As long as the USDT and USDC charts do not show a downtrend, we expect the coin market to continue its uptrend.
Bitcoin (Cryptocurrency)btcdominanceBTCKRWBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend AnalysisusdtusdtdominanceWave AnalysisXBTUSD

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