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The new trend change point after November 27 is...

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BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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(USDT 1D chart)

(USDC 1D chart)

Candles on the charts of USDT and USDC are seen as meaning that USDT or USDC has risen or fallen by trading in the coin market.

Therefore, it can be seen that although the gap rose on the USDC chart and new funds came in, USDT increased through trading in the coin market as a rising candlestick was created.

To say that USDT has increased means that it has been sold in the USDT market.


It can be seen that the leading force (?) in the current coin market is US capital.

The reason is that we can see that a lot of new money is coming into USDC.

If you look at the movements of USDT and USDC, the money coming into USDC is increasing the coin market, but a lot of selling in the USDT market is giving resistance to the coin market.

However, this resistance may be temporary.

The reason is that new funds also came in with USDT.


(BTC.D 1D chart)
It seems difficult to see that the power of new funds coming into USDT and USDC has been used for this rise.

So, as I said yesterday, if the price stays above 17590.0 on the BTCUSDTPERP chart, it is expected to lead to further upside (T2 on the BTCUSDT chart).

What makes this flow possible is that BTC dominance should show an uptrend.

The rise in BTC dominance is because funds are concentrated towards BTC, leading the coin market.

Due to this trend, there is a possibility that altcoins may temporarily decline or move sideways, unable to keep up with the rise in BTC price.

Therefore, it is necessary to check the movement of the support and resistance points of the altcoins held until the BTC price rises and shows a sideways trend in a certain area.


(USDT.D 1D chart)
By touching around 7.86, "Oh! This is not the beginning of a bull market!" I think you must have thought.

I think this is the point that makes you feel that way.

However, USDT dominance needs resistance at 7.27 to continue its bullish trend.


Therefore, it is important to determine where the BTC price is supported and where it moves.

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(BTCUSDTPERP 1D Chart)
It punctured the downtrend line passing around 18374.1 and is holding the price in the 17590-17864.7 area.

If the price holds above 17590.0, I would expect a move to lead further upside.

Even for that, it is important to keep the price above 17590.0.

If possible, we think it is better for us to show the price holding above 17864.7.

The 17864.7 point is the point where the HA-Low line on the 1W chart is formed, and it is an important apt move from a trading perspective.


If the price holds above 17590.0, the important thing to look at is whether it can cross the downtrend line (1).

This downtrend line forms a downtrend channel, so if it breaks away from the downtrend line (1), it is expected to be the next biggest change in trend after the new trend that has been showing since November 27th.


The circled zones on the chart are important support and resistance zones.

Since the volatility period has been moved to December 14th, it is necessary to check the movement up to that time.


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


If the price is maintained above the M-Signal line of the 1D chart and above 17170.0, the main position is 'LONG'.

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


The inflow of new money in USDT and USDC is driving the BTC price up.

By breaking through the 17670.0-18741.7 section, which is the support and resistance section, it makes me feel like it will rise to the T2 section (19K section) I mentioned on the BTCUSDT chart.

There are currently two downtrend lines crossing the chart.

One is around 18374.1, and one is passing through the 19K range.

Therefore, in order to cross these two downtrend lines, I think it is possible to show that the funds that have entered the coin market are concentrated towards BTC.

Therefore, BTC dominance should continue to rise above 41.73.

If this is not the case and BTC dominance shows a downward trend, I think it will most likely fail to cross the two downtrend lines.


In order to gain strength to break through, I think it is important to show a sideways movement above 17590.0 and gradually rise to the 18374.1-18741.7 section.

In any case, the HA-High line on the 1D chart I mentioned yesterday is showing a sideways movement in the 17670.0-18741.7 section until it falls near the current price range.


As I said yesterday, a new 'LONG' position was entered, and the position is currently closed as it drops below 17864.7.

However, the 'LONG' position entered at 16984.9 previously mentioned is in progress.

This current position can be closed by touching the M-Signal line on the 1D chart.


The new 'LONG' position entry is still valid when showing support at 17864.7.

However, as mentioned above, we must not forget that it is not easy to cross the downtrend line, so a quick response is necessary.


To enter a 'SHORT' position, it is possible when the 5EMA line on the 1D chart rises above 17590.0 or the price shows resistance at 17590.0.

However, there is a possibility of a rebound after touching the M-Signal line on the 1D chart, so a quick response is required.

Therefore, I think it is better to wait for the main position to be converted to 'SHORT'.

In order for the main position to be converted to 'SHORT', resistance must be met below the M-Signal line on the 1D chart.


If it falls below 16422.6 and encounters resistance,
1st: 15908.2
2nd: 15328.7
3rd: 14824.3
You need to make sure that you are supported nearby.

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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 this chart is shared, 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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Komen:
(NAS100USD + DXY + XAUUSD 1D Chart)

DXY started to trend down first.

If this downtrend is maintained and a decline near 101.860 is expected, there is a possibility that the investment market will have some vitality.

However, the decline of XAUUSD and the rise of NAS100USD should be maintained.
Komen:
(SOLBTC 1W chart)
It must rise above 0.0008 297 to get the power of the rise.

(SOLUSDT 1D chart)
With support at 14.32, a sharp rise is expected.

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Penafian

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