- December 17, 2020
- Posted by: virtualxstore
- Category: trading
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It is on the rise with a strong break above the 2009 3.0 point.
It remains to be seen if volatility around December 18th (December 17-19) could increase to the uptrend line (1) or between 22261.5-22925.0.
If it rises to the 22261.5-22925.0 range, it is expected to determine the next direction.
Accordingly, we have to watch for any movement that deviates from the 20093.0-24252.5 section.
( BTC Dominance 1D Chart)
It is rising above the uptrend line (5) and 64.86 points.
As the BTC price surges, the dominance of BTC appears to rise as funds are concentrated in BTC .
Just as it touched and fell near the 67.44 point on November 18th-20th, this time we have to see if it falls in the 64.86-65.89 range.
In order to face the altcoin price increase, I think it must fall below the 63.38 point.
However, if BTC dominance starts to decline, altcoils that rise selectively will start increasing.
Anyone who is investing in altcoins or those who want to invest in altcoins, we hope to get the best time to invest in altcoins while watching the movement of BTC dominance together.
(USDT Dominance 1D Chart)
It is falling below the 3.285 point.
You’ll get a resistance at point 3.285 and see if you can touch point 2.754.
Also, we need to see if it can move below the downtrend line (6).
If it rises above the uptrend line (1) and rises above the 3.760 point, the coin market is expected to turn into a downtrend.
So, it’s a good idea to watch the USDT Dominance Chart as well.
In 2020, the charts often break temporarily with strange signs.
Points 5.003, 2.754, and 0.261 This is the point where the candle was touched due to this strange sign.
USDT dominance rose when the first 5.003 point occurred, and although it could not touch the 5.003 point, it fell after rising.
You can also see that the decline accelerated with the 2.754 point.
I think that the 3.285-3.374 or higher is actually the peak.
It can be seen that a lot of funds have entered the coin market.
The uptrend line (5) is the uptrend line starting on March 7, 2020, and is the uptrend line for 2020.
It is also to be seen if the 2.754 point, which is a strange symptom, and the 2.726 point, the gap point, can fall below the interval.
** All indicators are lagging indicators.
So, it’s important to know that the indicator moves accordingly with the movement of price and volume .
Just for convenience, we are talking upside down for interpretation of the indicators.
** 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)