readCrypto

Bitcoin (BTC) - November 24

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello?
Dear traders, nice to meet you.

"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.

-------------------------------------------------- -----

Until the volatility period around November 25th, we have to see if we can get support from 18179.80-18476.93.

Short-term Stop Loss point: When falling from 17892.0 point
Stop Loss point for preservation of profit and loss: When falling at 17176.24


The market situation is on the rise, but there may be cases where the coins I bought do not rise, but rather fall.

The reason is that they bought coins not long after the surge.
There are not so many coins that skyrocket every day.
After one surge, usually due to people trying to preserve profits and losses
There are periods of sideways.

Therefore, in order to buy a coin that has soared, it will rise faster if you first look for the support and resistance points at the soaring point, and then buy the coin that maintains the price above the support and resistance points.

Although it is better to choose a coin that does not surge or a coin that has been slightly past the surge, it is not easy to find such a coin.

-------------------------------------------------

(Coinbase BTCUSD 1D chart)
We have to see if we can get support from 18193.29-18488.0.
If you touch the uptrend line (4), volatility may occur.

Short-term Stop Loss Point: When falling from 17889.14
Stop Loss point for preservation of profit and loss: When falling from 17178.0 point

---------------------------------------------

(OKEX BTCUSDT 1D chart)
Until the volatility period around November 26th, it remains to be seen if it can gain support from 18146.3-18381.4

Short-term Stop Loss point: When falling from 17198.0 point
Stop Loss point for preservation of profit and loss: When falling from 17247.6 point

------------------------------------------

(BTC Dominance 1D Chart)
It is breaking below the 63.38 point.
You also need to see if you can break below the uptrend line (5).

We have to see if we can move down the 61.20-62.12 range.

The plunge in BTC dominance signals the start of the altcoin bull market.


In this case, I think investing in altcoins is better than investing in BTC.
This is because the BTC price is more likely to sideways, resulting in a lower return on investment.

----------------------------------------------

(USDT Dominance 1D Chart)
We have to see if it falls below the 3.285 point.

----------------------------------------------

(OTHERS Dominance 1D Chart)
Excluding BTC and major coins, the dominance of altcoins is trying to rise.
We'll see if we can break above the downtrend line and touch the 8.21 point.

-------------------------------------------------- -------------------------------------------

** 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: closing price when closed
G2: Market price at the time of opening

[Example of exchange chart setup]

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

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

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.