(1D chart) Even after entering the RSI overbought section that started on October 10th, it has shown a lot of gains.
It is on the rise, breaking above the 18280.5 point in the 17422.0-18280.5 section.
We must see if we can ascend above 19287.5 points. Also, if it falls, you need to make sure you get support at 18280.5.
Point 18280.5 is the short-term stop loss point, and point 17522.0 is the stop loss point. Depending on the situation, the stop loss point must be set flexibly and respond.
(1h chart)-short-term strategy I think that due to the many rises, the spot market has to trade with a lot of pressure.
I think it is better to invest in futures and margins as well as invest in the spot market because you can get a profit that fits the situation by setting the position and stop loss according to the current position regardless of the position.
(LONG) 1. Entry point: When touching 18327.5 point or lower, and breaking above 18492.0 point Target point: 1st 18821.0 point or higher, 2nd 19149.5 point or higher Stop Loss: 18280.5 points (However, if it falls without breaking above the uptrend line (5), it is a Stop Loss.)
2. Entry point: When breaking above the 19314.0 point Target point: 19807.5 point or higher Stop Loss: 19149.5 point (However, if you enter, you should keep checking the flow of the chart.)
(SHORT) 1. Entry point: When breaking down from 18280.5 point Target point: 17834.0 point or less Stop Loss: 18492.0 point (However, if it rises without breaking below the upward trend line (2), it is Stop Loss.)
2. Entry point: When breaking down from 17422.0 point Target point: 16847.5 points or less Stop Loss: 17617.0 point (However, if you enter, you should keep checking the flow of the chart.)
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(BTC Dominance 1D Chart) Touching the 67.44 point and attempting to deviate from the uptrend line (4). We have to see if we can get below the 65.89 point.
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(USDT Dominance 1D Chart) It is falling below the 3.596 point on the first day of the November 20-27 period. We have to see if we can get below the 3.285 point.
** 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 do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening
Catatan
(OKEX BTCUSDTPERP 1D Chart)
(1h chart)-short-term strategy I think the SHORT position will be advantageous with a lot of gains, but I think it is more disadvantageous as the uptrend has not been broken. Therefore, it is necessary to trade carefully when entering the SHORT position.
(LONG) 1.Entry point: When touching 18296.0 point and breaking above 18461.1 Target point: 1st 18791.4 point or higher, 2nd 19121.7 point or higher Stop Loss: 18296.0 point (However, if it falls without breaking above the upward trend line (2), it is a Stop Loss.)
2. Entry point: When breaking above the 19286.8 point Target point: 19698.6 point or higher Stop Loss: 19121.7 point (However, if you enter, you should keep checking the flow of the chart.)
(SHORT) 1. Entry point: When breaking below the 18296.0 point Target point: 17879.8 point or less Stop Loss: 18461.1 point
2. Entry point: When breaking down from 17736.1 point Target point: 17273.6 point or less Stop Loss: 17879.8 point (However, if you enter, you should keep checking the flow of the chart.)
Catatan
(BTC Dominance 1D Chart) It is starting to decline with the 67.44 point ahead. Altcoin price is expected to increase.
(TOTAL 1W chart) Total market capitalization of the coin market
(TOTAL2 1W chart) Market cap minus BTC price
(OTHERS 1W chart) Market cap minus BTC and major coins
(OTHERS Dominance 1W Chart) Dominance chart of all altcoins minus BTC and major coins
It remains to be seen if OTHERS dominance, which fell sharply in October, could rise.
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