(1M chart) In the wRSI_SR indicator, the RS line is located in the overbought section. Also, the SR line has risen more than 70 points. It is the time when it is not awkward at all.
The lower point of the Heikin Ashi body candle, shown in the current chart, is near the 11648.13 point. If a new candle is created, the lower point of the Heikin Ashi body candle is expected to rise near the 13147.08 point. Also, the upper point is expected to rise near the 17295.20 point.
If you go down at 17295.20, you know you need to trade to preserve profit and loss.
The 1M chart is the chart that allows you to plan the biggest. The 1M chart view is recommended for rough and most important planning.
(1W chart) If it goes above the 19798.68 point, there are no previous charts to reference. Therefore, we need to find a way to maximize profits by setting a mechanical stop loss according to the increase in BTC price.
The lower point of the Heikin Ashi body candle, mentioned on the 1M chart, is located near the 17295.20 point. Therefore, the 17295.20 point I mentioned on the 1M chart is the point where you need to trade to preserve profit and loss.
Looking at the wRSI_SR indicator, there are consecutive down signs, and both the RS and SR lines are above 80 points and are located in the overbought section. As the RS line falls below 80 and breaks below the SR line, it is expected that BTC price volatility will occur. The trend is likely to be determined by where this volatility is supported.
Looking at the CCI-RC, the CCI line has risen more than 300. I have drawn three uptrend lines. The three volatility of this uptrend line indicates that there is a possibility of falling.
(1D chart) It broke above the 18719.11 point faster than expected.
You need to make sure you can get support at the 19300.0 point.
If it falls at 18719.11, it is a short-term Stop Loss.
As it rose above the 18719.11 point, further gains are expected. The section expected to be an additional ascent point is expected to touch the 21632.57-22256.0 section as the 22000 point.
In order to continue this trend, we need to see if it can rise along the uptrend line (6).
Looking at the wRSI_SR indicator, the RS line is attempting to break above the SR line. You should see if the RS line can rise above 50.
In general, Stochastic RSI indicators are considered important points at 20, 50 and 80. Depending on how you break through this point, it can be interpreted that it is highly likely to lead to a short-term uptrend and a short-term downtrend, and divergence occurs as prices move.
The RS line is not expressed as a line, but is expressed as a fill in order to see the thickness of the stochastic line and signal line more quickly.
----------------------------------
(Coinbase 1D chart) It rose, breaking above the uptrend line (5) and 18721.93 points. We have to see if it can rise above the 19385.0 point.
If it falls at 18721.93 or at the uptrend line (5), it is a short stop loss.
-----------------------------------------------
(OKEX BTCUSDT 1D chart) You should watch for any movement that deviates from the 19050.4-19667.3 section. We need to make sure we can get support at 19050.4.
If it falls from 18688.8, it is a short-term Stop Loss.
------------------------------------------
(BTC Dominance 1D Chart) You should check for any movement that deviates from 62.12-63.38. If I get resistance at the uptrend line (5), I expect further declines.
To prevent the upward trend of BTC dominance win, it should fall below 62.12 point
--------------------------------------------
(USDT Dominance 1D Chart) We have to see if we can get below the 3.285 point.
The uptrend line (5) is the uptrend line that began in March, and it remains to be seen if it will fall below the trendline and create a new wave.
We need to see if we can touch the 2.754 spot marked by the odd sign that occurred on October 31st.
As a personal trader, I think it is the USDT Dominance Chart that lets you know the flow of money in the coin market, even if it is limited.
** 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: closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
注释
(Binance BTCUSDT 1h chart) It touched the 19888.0 point and fell to the 18886.0 point. Touching the uptrend line (6) passing the 18886.0 point.
You should also make sure you are above the uptrend line (6) after the time indicated on the chart.
-----------------------------------------
(BTC Dominance 1D Chart) We need to make sure we can get resistance at point 63.38. If I get resistance at the uptrend line (5), I think there is a high probability of further declines. However, it's better to get resistance at 63.38 and I think it could lead to more declines.
-----------------------------------------------
(USDT Dominance 1D Chart) As you touch the 30285 point, volatility is likely to occur. We'll see if we can get resistance at 3.285-3.374 and drop below the 3.285 point.
Looking at the flow of the three charts above, I think it is highly likely to be a flow of reconfirmation of the support zone due to volatility.
In order to renew the peak, many shakes are expected in the future, and by the time it adapts to this trend, the coin market is expected to turn into a downtrend.
Therefore, rather than proceeding with new investments, I think we should consider strategies for short-term trading, profit realization, and Stop Loss for existing coins.