Bitcoin (XBTUSD,BTC1!,BTM1!,Trading ) - November 16

Nov 16, 2020

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I stopped using the charts I had been using for more than 2 years and started over with a new chart.

(1W chart)

There is a sharp upward trend.
With the start of the new week, it remains to be seen that the decline in the 14838.0-15143.0 range.
Otherwise, the upward trend is expected to continue.

(1D chart)

If it falls between 15605.0-15791.5, it is a short-term Stop Loss.
Any interval that is likely to transition from an uptrend to a downtrend should fall between 14838.0-15143.0.


(1h chart)-short-term strategy
We have posted a short-term strategy that includes a short-term stop loss point of 15605.0 points.


(LONG)
1. Entry point: When exceeding the 16001.0 point
Target point: 1st 16123.0 point or higher, 2nd 16219.0 point or higher
Stop Loss: 15914.5 points
(However, if it falls without breaking the downtrend line, it is Stop Loss.)

2. Entry point: When touching near the 15545.5 point and breaking above the 15605.0 point
Target point: 1st 15791.5 or higher, 2nd 15914.5 or higher
Stop Loss: 15545.5 points

(SHORT)
1. Entry point: When rising above 16001.0 point and breaking down below 16001 point
Target point: 15834.0 point or less
Stop Loss: When the downtrend line is crossed upward

2. Entry point: When breaking down from 15791.5 point
Target point: 15605.0 point or less
Stop Loss: 15834.0 point

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(CME Bitcoin (BTC1!) 1D chart)

It started with a fall in the gap (16270.0-16035.0).
We have to see if we can get support at 16000.0 and climb above 16220.0.
You should also watch if it falls and touches the uptrend line (7).
If it falls below the uptrend line (7), i.e. at 15825.0, it is a short-term stop loss.

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(BTC Dominance 1D Chart)

You should check for any movement that deviates from 64.63-66.39.

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(USDT Dominance 1D Chart)

We must see if we can get resistance at the downtrend line (2) and move down.

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** 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 must 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

Nov 16, 2020

Note

(OKEX BTCUSDTPERP 1h chart)

The possible entry point is 15958.2, and we have published a short-term strategy covering this point.

(LONG)
Entry point: When exceeding 15958.2 point
Target point: 1st 16075.6 or higher, 2nd 16170.0 or higher
Stop Loss: 15929.5 point

(SHORT)
Entry point: When breaking below 15784.6 point
Target point: 1st 15666.0 point or less, 2nd 15509.4 point or less
Stop Loss: 15818.9 point

Nov 16, 2020

Note

(BAKKT Bitcoin (BTM1!) 1D chart)

It started with a fall in the gap (16282.5-15965.0).
You should check for possible movements that deviate from the 15699.0-16150.0 section.