readCrypto

Bitcoin (BTC, including short-term strategy) - December 7

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BITMEX:XBTUSD.P   Bitcoin
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You need to see if you are getting support above the 19287.5 point, breaking off the short-term downtrend line.

If it falls from 18751.0, it is a short-term stop loss.


In the wRSI_SR indicator, when the RS line declines in section A, a down arrow is displayed.
However, the color was shown as a green, rising sign.

Then, when the RS line rises, a rising arrow is displayed, and the color is also shown as a rising indicator in green.

This indicates that the wRSI_SR indicator is moving differently from the price movement.
You can see that short-term bullish divergence has occurred.

I think it is worth comparing with the future trend.

The wRSI_SR metric is the same metric as Stochastic RSI.
RS line is the same line as K and D provided by Stochastic RSI.


The wRSI_SR indicator is the same indicator as Stochastic RSI, and is used to identify short-term trends.
RS line is the same line as K and D provided by Stochastic RSI.

The CCI-RC indicator is the same indicator as the CCI indicator, and is used to identify a longer flow than the wRSI_SR indicator.

In order to quickly grasp what can be intuitively known by using the indicator, you must spend a lot of time observing the indicator.

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(BTC Dominance 1D Chart)
We'll 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)
You should watch for any movement that deviates from 3.285-3.596.

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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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Комментарий:
(XBTUSD 1h chart)-Short term strategy
The old short-term strategy is in effect, so keep the old short-term strategy.
After the time indicated on the chart, you should check for any movement that deviates from the 18327.5-18492.0 section-19149.5-19314.0 section.

(LONG)
1. Entry point: When breaking above the 19314.0 point
Target point: 1st 19807.5 or higher, 2nd 20093.0 or higher
Stop Loss: 19149.5 point
(However, if it falls without breaking above the upward trend line (1), it is a Stop Loss.)

2. Entry point: When breaking above the 18492.0 point
Target point: 18821.0 point or higher
Stop Loss: 18327.5 point
(However, if it falls without breaking above the 18751.0 point, it is a Stop Loss.)

(SHORT)
1. Entry point: When breaking below 18327.5 point
Target point: 17834.0 point or less
Stop Loss: 18492.0 point
(However, if it rises without breaking below 18195.0, it is Stop Loss.)

2. Entry point: When breaking down from 19149.5 point
Target point: 18821.0 point or less
Stop Loss: 19314.0 point
(However, if it rises without breaking below the 18962.0 point, it is a Stop Loss.)
Комментарий:
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
The old short-term strategy is in effect, so keep the old short-term strategy.
After the time indicated on the chart, you should check if there is any movement that deviates from the 18296.0-18461.1 section-19121.7-19286.8 section.

(LONG)
1.Entry point: When it exceeds 19286.8 point
Target point: 19698.6 point or higher
Stop Loss: 19121.7 point

2. Entry point: When breaking above the 18461.1 point
Target point: 1st 18791.4 point or higher, 2nd 19056.4 point or higher
Stop Loss: 18296.0 point

(SHORT)
Entry point: When breaking below 18296.0 point
Target point: 17879.8 point or less
Stop Loss: 18461.1 point
Комментарий:
(CME Bitcoin (BTC1!) 1D chart)
It started with an increase in the gap (19100.0-19205.0).
You should watch for any movement that deviates from the 18850.0-19965.0 range.
If it falls at 18850.0, it is a short-term stop loss.
You can touch the 18090.0-18850.0 section and the uptrend line (1) around Oct-18 in December, so you need to trade carefully.

Unlike other exchange charts, it appears to be continuing the upward trend.
Therefore, it is expected to rise above the 19965.0 point around December 10th-18th.
However, you need to judge the situation according to the chart flow.
Комментарий:
(BAKKT Bitcoin (BTM1!) 1D chart)
It started with an increase in the gap (18917.5-19447.5).
It remains to be seen if it can rise above the 0.0 point of 2018 in Saiing around December 4-17.
You can touch the uptrend line (1) and between 17567.5-18220.5, so trade carefully.

[Example of exchange chart setup]

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

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