Bitcoin (BTC) – December 21

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You need to make sure you can get support at 23502.86.

Between December 24th, we need to watch for any movement that deviates from the 22256.0-24749.72 segment.
You also have to see if you can move up along the uptrend line (6).

If it declines at 21632.52, a Stop Loss is required to preserve profit and loss.

If it can move sideways between 22797.16-23800.0, I think it’s likely to rise along the uptrend line (6).



Between December 27th, we have to watch for any movement that deviates from the 22087.0-24506.6 section.

If you touch the uptrend line (5), there may be a drastic trend, so you need to trade carefully.

If it falls from 21482.1 point, I think Stop Loss is necessary to preserve profit and loss.

According to the wRSI_SR indicator, the RS line is attempting to break below the SR line and is on a short-term downtrend.

So, if the BTC price sideways near the 23296.8 point, there is a high likelihood of further price gains at the end of the short-term downtrend.

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(Coinbase BTCUSD 1D chart)

You should watch for any movement that deviates from 22233.15-24715.45.
You also have to see if you can go up along the uptrend line (5).

If it falls at 21612.58, you need a Stop Loss to preserve your profit and loss.


( BTC Dominance 1D Chart)

Touched point 67.44.
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 likely to see a sharp decline.

In order for altcoin price to rise, BTC dominance must fall.
So, it remains to be seen if it can drop below the 65.89 point.

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(USDT Dominance 1D Chart)

We need to see if we can get resistance at the downtrend line (6) and move down.

With the volatility around December 26th (December 25-27), you need to determine whether you are heading towards points 2.754 or 3.285.

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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 for interpretation of 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: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)