Bitcoin (BTC) - December 6 (with 1W chart)

5 дек. 2020 г.

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(1W chart)

If it falls at 17176.24, you need a Stop Loss to preserve your profit and loss.

(1D chart)
You should check whether support is reconfirmed by touching the uptrend line (5) and 17176.24-17892.0 between December 5th and 17th.

If you get support and climb in the 17176.24-17892.0 range and don't get above 19798.68, you'll have to see if it makes a head and shoulders.

It remains to be seen if it can quickly break through the newly formed resistance section from 18719.11-19300.0.

From the wRSI_SR indicator, the RS line is not even near the 80 point and is falling below 50.
We have to see if it is a move to gather strength or if it is preparing for a decline.

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(Coinbase BTCUSD 1W chart)

If it falls at 17178.0 and at the uptrend line (4), a Stop Loss is needed to preserve the profit or loss.

(1D chart)

You should check whether support is reconfirmed by touching the uptrend line (4) and 17178.0-17889.14 between December 8th and 14th.

If it falls from 18721.93, it is a short-term Stop Loss.

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(OKEX BTCUSDT 1W chart)

You'll have to see if it rises above the 19050.4 point and closes.

If it falls at 17198.0 and at the uptrend line (4), I think a Stop Loss is needed to preserve profit and loss.

(1D chart)

Between around 7-19 December, you should see if you recheck support by touching the 17198.0-17852.6 interval and the uptrend line (4).

If it falls below the 18688.8 point, it is a short-term Stop Loss.

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(BTC Dominance 1D Chart)

We must see if we can get resistance at the uptrend line (5) and move below the 63.38 point.

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(USDT Dominance 1D Chart)

We must see if there is any movement outside the 3.285-3.596 range due to volatility around December 7th.

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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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)