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We have to see if we can climb above the 12974.0 point.
If it falls, you need to make sure it is supported by the uptrend line (4).
(1h chart)-short-term strategy
It was ended because it entered the LONG strategy among the previous short-term strategies and touched above the target point.
The important point in our current location is 12974.0.
Entry: When supported in the 12471.0-12974.0 section and break above the 12974.0 point
(If you touch the rising (C) and go up, or touch the 12471.0 point and go up, a bigger rise is expected.)
Target point: 13272.0 point or higher
Entry: When resistance is received in the 12471.0-12974.0 section and breaks down the 12471.0 point
(You can touch and climb the rate point of 12308.5, so you need to enter carefully.
Depending on whether you get support or resistance at the uptrend line (4), it remains to be seen whether SHORT’s strategy will continue or Stop Loss.)
Target point: 12163.5 points or less
Today’s gap range is 12755.0-12965.0.
We have to see if it falls below the 12755.0 point to fill the gap.
If it falls, you need to make sure you get support at 12590.0.
13600.0-14470.0 is the gap that was formed before.
It remains to be seen if it will fill the gap this time.
Today’s gap is 12977.5-13010.0. (Not shown on the chart.)
New High is updated on the BAKKT chart, so there is no point for reference.
The next interval in the ratio is between 14302.0-14955.0.
If you get support in this segment, you’re likely to touch more than 16261.5 points.
If you get resistance and fall in the 14302.0-14955.0 interval, there is a chance it will fall below the 12342.5 point.
( BTC Dominance 1D Chart)
(USDT Dominance 1D Chart)
There was a trend that deviated from the downtrend line (1)-(3).
You need to make sure you can get resistance at point 4.163.
You also have to watch if you can touch the uptrend line (4).
If the USDT dominance continues to decline in this way, it is expected that the coin market will begin an overall bull market in the near future.
As altcoins’ prices have fallen to near the lowest point this year, we must see if they can gain momentum from the upward trend.
I think this is the beginning of the last fireworks show of this year that I mentioned earlier.
** 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 and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: closing price when closed
G2: Market price at the time of opening