Bitcoin (BTC) - November 12Hello?
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(USDT 1D Chart)
(USDC 1D Chart)
The funds in USDT are likely to be funds in the global market.
Therefore, the outflow of funds through USDT is likely to have a significant impact on the coin market.
However, as funds appear to be flowing through USDC, the key is how successful they can be in price defense.
(BTC.D 1D Chart)
The decline in BTC dominance means that the money in the coin market is concentrated towards altcoins.
Therefore, a decline in BTC dominance even though the current BTC price is falling means that the altcoin is defending its price.
The 39.56-40.44 range of BTC dominance is an area where large volatility can occur.
Therefore, more volatility is likely to occur in the near future.
Whether this volatility will lead to an uptrend or a bigger decline, we need to see the movement of USDT dominance.
(USDT.D 1W chart)
A rise in USDT dominance means a decline in the coin market.
Therefore, the key question is whether a decline in USDT dominance can occur in the high volatility that is likely to be caused by a decline in BTC dominance.
Otherwise, USDT Dominance is expected to renew ATH and the coin market will record a bigger decline.
Therefore, the key is whether USDT dominance can fall below 7.86.
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(BTCUSDTPERP 1D Chart)
The key is whether it can break the trend-based Fibonacci ratio range of 1.13 (17590.0) to 0.886 (18644.6).
In other words, if the price is maintained in the 18374.1-18741.7 range or higher, it will move up to the previous consolidation zone.
The price must remain above the HA-Low and MS-Signal indicators to transition to an uptrend.
Therefore, it should either rise above the HA-Low and MS-Signal indicators, or continue to move sideways until the HA-Low and MS-Signal indicators decline.
In that sense, I think the section 1.13 (17590.0) to 0.886 (18644.6) is a good location to walk sideways.
If it fails to converse in the 1.13 (17590.0) ~ 0.886 (18644.6) section, it is expected to decline to the 13121.7-15908.2 section.
The main position is 'SHORT' as it is below the MS-Signal indicator.
Therefore, a quick response is required when entering the 'LONG' position.
In fact, I think there are very few people who view futures trading as a 1D chart.
However, I am saying this because movement or trend in 1D charts plays a very important role.
The next volatility period is around November 26th.
(1h chart)
The circle areas shown on the chart are important support and resistance areas.
An indicator that plays an important role in seeing trends in my charts is the MS-Signal indicator.
Therefore, if the price is maintained above the MS-Signal indicator and the MS-Signal indicator switches to a bullish indicator, it is likely to show an uptrend.
Conversely, it means that there is a high probability of a downtrend.
As the price is currently below the MS-Signal indicator and the MS-Signal indicator is showing a downtrend, it can be interpreted that the downtrend is highly likely to continue.
However, as the price is showing an upward movement, the key is to find support or resistance at the 1.27 (16984.9) point near the MS-Signal indicator.
If the MS-Signal indicator fails to turn to a bullish indicator or fails to rise above the MS-Signal indicator even after receiving support from the 1.27 (16984.9) point and rising, it is likely to eventually decline, so new entry should be cautious.
As the 1D chart's 5EMA line is falling, it is likely to find resistance at the 1D chart's 5EMA line, even if it rises above the 1.27 (16984.9) point.
Therefore, as mentioned in the description of the 1D chart, a quick response is required when entering the 'LONG' position.
Among the MS-Signal indicators of the 1D chart, the M-Signal line is currently located above 18741.7, so the M-Signal line of the 1D chart will also enter the 17K range soon.
When such a move occurs, the key is whether it can converse in the current price range of 1.414 (16362.6) to 1.27 (16984.9), or whether it can move sideways in the higher 17K range.
If all of this fails, it will eventually drop below 15908.2.
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- big picture
I think you need to be supported in the 13K-15K section to gain the strength to rise.
So, whether it rises or falls from its current position, both require a short-term response.
A full-fledged uptrend is expected to begin when it rises above 29K.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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