Bitcoin (BTC) - November 20

19 Nov 2022

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(USDT 1D chart)


(USDC 1D chart)


I think the gap increase in USDT and USDC is a sign of money flowing into the coin market.


(USDT.D 1D chart)

The rise in USDT dominance tells us that the coin market is likely to go down.

Therefore, when we see a decline in USDT dominance, the coin market is more likely to show an uptrend.

In this sense, the key is whether USDT dominance can fall below 7.86.

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(BTCUSDTPERP 1D Chart)

The question is whether the HA-Low line can receive support around 16729.8, the newly formed point, and rise above 17170.0.

If not, it's important to be able to move sideways on the 15908.2-17170.0 section.


The 13121.7-15908.2 interval is the one that determines the trend.

Therefore, if it is supported in this section, I think it is highly likely to show an uptrend.


In any case, holding the price above 16729.8 can be a start to turn to the uptrend, as it needs to rise above the HA-Low line and above the MS-Signal indicator to turn into an uptrend.


The next period of volatility is around November 26th.

So, we need to see if we can keep the price above 16729.8 until the volatility period.


(1h chart)
The circled zones on the chart are important support and resistance zones.


The Bollinger Bands are shown to converge.

Accordingly, you need to check in which direction the Bollinger Bands expand.


If you see an upward trend,
1st : 17170.0
2nd: 17670.0
There is a possibility of encountering resistance in the vicinity.


In the case of a downtrend, we need to check if we can find support near 15908.2.


If the price is below the M-Signal line on the 1D chart, the main position is 'SHORT'.

Therefore, a quick response is required when entering a 'LONG' position.

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- big picture
I think you need to be supported in the 13K-15K section to get the power to rise.

Therefore, whether it is rising or falling from its current position, a short-term response is required.

A full-fledged uptrend is expected to start when it rises above 29K.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator includes indicators that indicate points of support and resistance.

** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

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