Bitcoin (BTC) - November 17 (Where should I realize profits???)

١٦ نوفمبر ٢٠٢٠

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You should check for any movement that deviates from the 16498.05-17176.24 section.

If it falls at 16498.05, it is a short-term Stop Loss.

As I said in the explanation of the OKEX chart below,
It is expected that there will be an attempt to break above the downward divergence formed in the wRSI_SR indicator.

I think it's time to think about how to realize profits and maximize them.

I think it's time to clear up your thoughts on a move everyone knows about: whether to realize profits from a rebound after a plunge, or profits from a rise.

I think the time to realize profits is the time to maximize profits by dividing profits at the time the surge subsides.

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(Coinbase BTCUSD 1D chart)

We must see if we can ascend above the 16858.06 point.
You also need to make sure you can get support from 16429.46-16858.06.
If it falls at 16429.46, it is a short-term Stop Loss.

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(OKEX BTCUSDT 1D chart)

You should check for any movement that deviates from the 16324.1-17122.3 section.

There may be a'Pull Back' pattern that declines to 15925.0-16324.1.
However, because it has increased a lot, if it falls in the 16324.1-16427.1 section, it is a short-term stop loss.

The downward divergence formed in the wRSI_SR indicator is starting to break upward.

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(BTC Dominance 1D Chart)

It is believed that there was a large-scale movement.

(Enlarged)
If it rises above the 67.44 point, it is expected that the bear market has already begun.

Altcoins, as mentioned previously, are seen to be on the downtrend line by rising above 63.38 points.

As long as there is no movement of BTC dominance out of the upward trend, the flow of the coin market will be focused on BTC.

Therefore, the trend of altcoins is expected to change only after falling below the downtrend line (3) and receiving resistance.
If not, I think it's only a temporary rebound.

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(USDT Dominance 1D Chart)

We have to see if we can get below the 3.760 point.

It is believed that on November 15th there was a massive funding shift.
On the Coinmarketcap site, you can also see that the market capitalization of about 5,000,000,000 USD disappeared and formed in just 5 minutes.

I don't know what these money transfers mean.
We have to watch the future move.

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