Bitcoin - significant volatility period (around December 11-18)

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This is the last day I thought was a period of significant volatility

We have to see if we can get support and climb in the 22261.5-22925.0 range.
You also need to see if you can climb along the uptrend line (1) and rise above the 24252.5 point.

If it falls from 22261.5 point, I think Stop Loss is necessary to preserve profit and loss.

Because it is located at a price point that is too high, we believe that short-term Stop Loss with a new entry in mind can result in a larger loss.

However, you can temporarily touch and climb the 21273.5-21422.5 section.
This is because the'Pull Back' pattern can lead to a drop to absorb more volume.

We believe that the point at which the downtrend transitions is below the 18571.0-19287.5 range.
However, if you touch the 20093.0 point, a sharp decline is expected.

With volatility around December 21st, it remains to be seen if an attempt to break above the 24252.5 point rises along the uptrend line (1).

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(BTC Dominance 1D Chart)
snapshot
You should watch for any movement that deviates from 65.89-67.44.
If it rises above 67.44 points, it is expected that there is a possibility that the coin market will plummet.

In order for altcoin price to rise, BTC dominance must fall.
We have to see if we can get below the 65.89 point.

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(USDT Dominance 1D Chart)
snapshot
We have to see if we can move down along the downtrend line (6).

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** All indicators are lagging indicators.
So, it's important to know that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down to interpret the indicators.
** 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 are not trading 24 hours a day.
G1: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Uwaga
(XBTUSD 1h chart)-Short term strategy
XBTUSD (Short Term Strategy) - December 19

It remains to be seen if the uptrend line can break above the intensively passing section.

To do this, we need to get support from the 21934.0-22261.5 section and see if we can climb to the 23816.5-24252.5 section.


(LONG)
1. Entry point: When exceeding 22261.5 point
Target point: 1st 22925.0 or higher, 2nd 23816.5 or higher
Stop Loss: 21934.0 point
(However, if it falls without breaking above the uptrend line, it is Stop Loss.)

2. Entry point: When exceeding 24085.0 point
Target point: 24623.0 point or higher
Stop Loss: 23816.5 point
(However, if it falls without breaking above the 24252.5 point, it is a Stop Loss.)


(SHORT)
1. Entry point: When breaking below the 21934.0 point
Target point: 1st 21396.0 point or less, 2nd 20858.0 point or less
Stop Loss: 22203.0 point

2. Entry point: When breaking down from 23816.5 point
Target point: 23009.5 points or less
Stop Loss: 24085.0 point
(However, if it rises without breaking below the uptrend line, it is Stop Loss.)
Uwaga
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
OKEX BTCUSDTPERP (Short Term Strategy) - December 19

Sideways between 22830.1-22997.6.

You must watch for movements that deviate from the 21919.1-22188.7 and 23806.5-24076.1 segments.

(LONG)
1. Entry point: When breaking above the 22188.7 point
Target point: 1st 22830.1 point or higher, 2nd 23806.5 point or higher
Stop Loss: 21919.1 point
(However, if it falls without breaking above the uptrend line, it is Stop Loss.)

2. Entry point: When exceeding the 24076.1 point
Target point: 24548.7 point or higher
Stop Loss: 23806.5 points


(SHORT)
1. Entry point: When breaking down from the 21919.1 point
Target point: 1st 21517.4 point or less, 2nd 20840.5 point or less
Stop Loss: 22188.7 point

2. Entry point: When breaking down from 23806.5 point
Target point: 23336.2 points or less
Stop Loss: 24076.1 point
Uwaga
(CRYPTOCAP chart)
snapshot

(BTC Dominance Chart)
We need to see if we can get resistance at 67.44 and move down.
If it rises above 67.44 points, I think the coin market is more likely to experience a sharp decline.
As before, I think the most important factor is whether it falls near the 67.44 point.

(USDT Dominance Chart)
You'll have to watch to see if you can touch the 2.754 spot that's caused by a strange sign.
If the USDT dominance continues to decline even if the BTC dominance rises, I think there is a possibility that the funds concentrated in BTC will move to the altcoin.
Therefore, USDT dominance should continue to decline.

(OTHERS dominance chart)
As the dominance of altcoins minus BTC and major coins, altcoins must rise in order for the bull market to begin.

The TOTAL, TOTAL2 and OTHERS charts are market capitalization charts.
Bitcoin (Cryptocurrency)Bitcoin FuturesbtcdominanceBTCUSDTPERPBTM1!Chart PatternsTechnical IndicatorsTrend AnalysisusdtdominanceXBTUSD

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