readCrypto

Bitcoin (BTC) - November 29

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BINANCE:BTCUSDT   Bitcoin / TetherUS
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(BTCUSDT 1W Chart) - Medium to Long-Term Perspective
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 indicates that the buying trend is increasing.


(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


During the volatility period around November 29 (maximum November 20-30), you need to see if there is a sharp rise in the first support zone.

This is because such a sharp rise is expected to result in a movement similar to the A section indicated in the wRSI_SR indicator.

However, since the CCI line has fallen to the +100 point in the CCI-RC indicator, it is expected that it will take time to stock up on strength.

You should see if the CCI line rises near the zero point.


The price should hold above the 56578.21 point to turn into a short-term uptrend.

In order to continue the short-term uptrend, it must rise above the MS-Signal indicator.


It should move above the 66001.41 point to continue the uptrend that started on July 21st.

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(BTCUSDTPERP 1D Chart)
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


During the volatility period around November 29 (up to November 24-30), we need to see if we can move higher with a sharp move.


To accelerate the uptrend, the price should remain above the 60042.8 point.


If you find resistance by dropping from the 54987.2 point, you may want to touch the second support zone, so you need to be careful with your trades.

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(Market Cap Chart)
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.

When the prices of BTC and ETH fall, funds are rather coming into the coin market.


It is worth noting the rise of the USDC chart.
It is speculated that US investment institutions are putting a lot of money into the coin market.
We believe that this move may have something to do with the US SEC and the government's crypto-asset policy.


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
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 a 4-5 wave is going on.


Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, as 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 estimated value considering the fluctuation range that has risen from the 1st section to the 2nd section.

There are two large resistance zones to move up to the expected zone.
The two large resistance sections are section a and section 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 it is in an uptrend or in a downtrend, 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 regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of 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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Commentaire:
(XAUUSD 1W Chart)
You need to see if there is any movement outside the 1761.03-1834.00 zone around the week that includes December 13th.

If it declines from the 1761.03 point, it is expected to decline near the 1526.88-1623.68 section and move up along the uptrend line.

If it rises above the 1834.00-1875.74 section, it is expected to renew the new ATH.

[Example of exchange chart setup]

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

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