You need to make sure you can get support at point 23837.5. Also, if it falls, it will be supported at 22925.0 and see if it can move up along the uptrend line (1).
If it is supported above the 24252.5 point, it is expected to rise to the 25579.5-26243.0 range. However, if it falls from the uptrend line (1), a sharp decline may occur, so careful trading is necessary.
If it falls at the 22261.5 point, a Stop Loss is needed to preserve profit and loss. There is a possibility of touching the 21273.5-21422.5 section and going up. Therefore, you need to think about the ratio of Stop Loss and how to divide it.
If it falls below the 2009 3.0 point, there is a high likelihood that the number of people trying to sell will surge, leading to a sharp decline, so if you fall below the uptrend line (2), keep an eye on the situation.
These are the CCI and EMA lines that have a gentle slope even with the surge in BTC price.
It remains to be seen if the price of altcoins can rise as the sideways move between 22925.0-24252.5.
I think the movement between December 23 and 27 is important as a period to promote altcoin price increase.
If BTC price moves sideways without a sharp rise or fall, altcoins' price rise is expected to begin. This is expected to lead to an increase in the price of all altcoins, including major coins.
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(BTC Dominance 1D Chart) You should watch for any movement that deviates from 65.89-67.44.
If it rises above 67.44 points, I think there is a high possibility of a plunge in the coin market.
In order for altcoins to rise in price, BTC dominance must fall. In addition, I think the altcoin must fall below 63.38 to become a bull market.
(USDT Dominance 1D Chart) We have to see if we can move down along the downtrend line (6).
It remains to be seen if it can move below the 2.726 point to fill the gap that occurred on August 31st. Also, you need to make sure you can touch the 2.754 point, which was caused by the odd sign that occurred on October 31st.
If the USDT dominance continues to decline, I think that even if the BTC dominance rises, the altcoin price will eventually rise.
So, we have to see if the volatility around December 26th (December 25th-27th) can cause a decline. If it rises above 3.285 points, you need to check the BTC dominance.
** 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)
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(XBTUSD 1h chart)-Short term strategy Keep the old short-term strategy.
We have to see if we can get support from the 21934.0-22261.5 section and climb to the 23816.5-24252.5 section.
(LONG) 1. Entry point: When exceeding 22261.5 point Target point: 1st 22925.0 or higher, 2nd 23816.5 or higher Stop Loss: 21934.0 point (However, if it falls without breaking above the uptrend line, it is Stop Loss.)
2. Entry point: When exceeding 24085.0 point Target point: 24623.0 point or higher Stop Loss: 23816.5 point (However, if it falls without breaking above the 24252.5 point, it is a Stop Loss.)
(SHORT) 1. Entry point: When breaking below the 21934.0 point Target point: 1st 21396.0 point or less, 2nd 20858.0 point or less Stop Loss: 22203.0 point
2. Entry point: When breaking down from 23816.5 point Target point: 23009.5 points or less Stop Loss: 24085.0 point (However, if it rises without breaking below the uptrend line, it is Stop Loss.)
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(OKEX BTCUSDTPERP 1h chart)-Short term strategy Keep the old short-term strategy. It is moving sideways in the section 22830.1-22997.6.
You must watch for movements that deviate from the 21919.1-22188.7 and 23806.5-24076.1 segments.
(LONG) 1. Entry point: When breaking above the 22188.7 point Target point: 1st 22830.1 point or higher, 2nd 23806.5 point or higher Stop Loss: 21919.1 point (However, if it falls without breaking above the uptrend line, it is Stop Loss.)
2. Entry point: When exceeding the 24076.1 point Target point: 24548.7 point or higher Stop Loss: 23806.5 points
(SHORT) 1. Entry point: When breaking down from the 21919.1 point Target point: 1st 21517.4 point or less, 2nd 20840.5 point or less Stop Loss: 22188.7 point
2. Entry point: When breaking down from 23806.5 point Target point: 23336.2 points or less Stop Loss: 24076.1 point