Bitcoin
Diupdate
I think the answer to yesterday's rise depends on where the candle's closing price is today.
I know that many people think that coin prices are responding to all the news about blockchain and crypto assets.
But not.
Moving coin prices in the coin market is money.
I do not see this fund being moved by such news.
Only private traders' funds can be transferred.
However, we need to see the movement of big investors' funds.
I'm a private trader, so I can't know the transfer of funds.
If so, what should we judge? ......
I think I should look at the order history and execution details.
The trading view does not show the bid and bid details.
However, I can only cheat because I can only see the movement of the chart.
[XBTUSD]
Yesterday I touched the 1000MA and 6543 spots and was near the 7060 spot.
I should check if I can get support at point 7060.
If you rise above the upward trendline near the current price and are supported by the trendline, you will follow the flow that first started rising in 2019.
However, the trendline is weak in accuracy and should only be seen as a reference.
Therefore, it is important to support the 7060 point.
The RSI moved slightly higher, near the 30's, but is expected to fall again. However, we do not expect BTC prices to fluctuate significantly.
[BTCUSD]
After touching point 6558, the price is above the uptrend line.
I am getting 50MA resistance.
The next inflection day on the weekly chart is around December 23, when the upward trend line intersects the low point on October 21, 7293.55.
Again, this inflection date is expected to work weakly. However, be cautious in trading as fluctuations can occur.
If the RSI falls below 30, the rebound is expected to be strong.
I know that many people think that coin prices are responding to all the news about blockchain and crypto assets.
But not.
Moving coin prices in the coin market is money.
I do not see this fund being moved by such news.
Only private traders' funds can be transferred.
However, we need to see the movement of big investors' funds.
I'm a private trader, so I can't know the transfer of funds.
If so, what should we judge? ......
I think I should look at the order history and execution details.
The trading view does not show the bid and bid details.
However, I can only cheat because I can only see the movement of the chart.
[XBTUSD]
Yesterday I touched the 1000MA and 6543 spots and was near the 7060 spot.
I should check if I can get support at point 7060.
If you rise above the upward trendline near the current price and are supported by the trendline, you will follow the flow that first started rising in 2019.
However, the trendline is weak in accuracy and should only be seen as a reference.
Therefore, it is important to support the 7060 point.
The RSI moved slightly higher, near the 30's, but is expected to fall again. However, we do not expect BTC prices to fluctuate significantly.
[BTCUSD]
After touching point 6558, the price is above the uptrend line.
I am getting 50MA resistance.
The next inflection day on the weekly chart is around December 23, when the upward trend line intersects the low point on October 21, 7293.55.
Again, this inflection date is expected to work weakly. However, be cautious in trading as fluctuations can occur.
If the RSI falls below 30, the rebound is expected to be strong.
Catatan
As we anticipate challenging 7298 on the XBTUSD chart and 7293.55 on the BTCUSD chart, fluctuations can occur.Published a chart of expected flow on Twitter.
twitter.com/BbiKkuMi/status/1199202603206242305
Other content (coins, stocks, etc.) is frequently posted on X.
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