vBitcoin (BTC) – December 8 for BINANCE:BTCUSDT by readCrypto — TradingView


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Between December 5th and 17th, we must watch for any movement that deviates from 18719.11-19300.0.

If it falls at 18719.11, it is a short-term stop loss.

As the volume decreases, it is doing sideways.

I think it’s hard to see it moving sideways.

It seems that the price is controlled that much.

Also, I think the thing that individual traders hate the most is moving aside.

This is because there is no volatility and you cannot trade.

It is not possible to definitively say that prices will rise and fall due to this movement.

In such an ambiguous situation, you should refer to the indicators that may be helpful in your judgment and use them to identify your own goal points, stop loss points, and entry points.

The indicator worth noting in the current situation is the wRSI_SR indicator.

This is because the RS line broke below the SR line, indicating a green down arrow.

I think this is a sign that there is a high possibility of an increase in the future.

Usually the indicators are explained on the XBTUSD chart.

If you have time, always read the description of the XBTUSD chart as well.

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(Coinbase BTCUSD 1D chart)

You should watch for any movement that deviates from the 18721.93-19385.0 segment.

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

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(OKEX BTCUSDT 1D chart)

The reason for posting the OKEX chart is that candles are created before other exchanges.
I think this makes it possible to judge the flow a little better compared to the movement of other exchanges.

If you enter within the period indicated in the chart (around December 7th-19th), it shows sideways at 19050.4.

I think the sideways at the highs put a lot of psychological burden.

Therefore, I think trading is necessary to escape the psychological pressure caused by price volatility .

If it falls from 18688.8, it is a short-term Stop Loss.

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( BTC Dominance 1D Chart)

We have to see if we can get below the 63.38 point.
If it doesn’t rise above the uptrend line (5), I think it’s likely to fall.

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(USDT Dominance 1D Chart)

You should watch for any movement that deviates from 3.285-3.596.
You also need to see if you can fall along the downtrend line (2).

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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)



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