readCrypto

Bitcoin (BTC) - December 25

BINANCE:BTCUSDT   Bitcoin / TetherUS
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We have to see if we can get support at 23502.86 and move above the 23800.0 point along the uptrend line (6).

If it declines at 21632.57, a Stop Loss is required to preserve profit and loss.

Last volatility day around December 24th.
Therefore, careful trading is necessary.

The next volatility period is from December 29 to January 4.


In the wRSI_SR indicator, the RS line has entered the oversold section.
It seems that they did a good job defending the price in a short-term downtrend.
You need to close the short-term downtrend well and see if you can turn to the short-term uptrend.

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(OKEX BTCUSDT 1D chart)
We have to see if we can get support at 23296.8 and rise above 23819.3.
You also need to see if you can climb along the uptrend line (5).

If it falls at the 21482.1 point, a Stop Loss is needed to preserve profit and loss.

The volatility around December 27th (December 26th-28th) will keep an eye out for any movement that deviates from the 22087.0-24506.6 range.

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(Coinbase BTCUSD 1D chart)
We'll have support at 23474.30 and see if it can move above 23776.94 along the uptrend line (5).

If it falls at 21612.58, you need Stop Loss to preserve your profit and loss.

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(BTC Dominance 1D Chart)
We have to see if we can go down towards the 67.44 point.

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(USDT Dominance 1D Chart)
We need to see if the volatility between December 24th and 27th will cause any movement to deviate from the 2.970-3.374 range.

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** All indicators are lagging indicators.
So, it's important to be aware 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.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** CCI-RC indicator is an indicator created by changing the set value from the existing CCI indicator. Therefore, the interpretation is the same as the existing CCI indicator.
** 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)

[Example of exchange chart setup]

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

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