On November 24th, I'll start streaming live on YouTube From yesterday's streaming When bitcoin price rises with dominance, I said to buy another coin
However, the rise is not large yet Dominance must rise to the previous high % But not yet So I think I have to wait a bit There are concerns about the rise of Bitcoin
The reason we still have to watch the market right now is, Other coins have already risen That's no problem if Bitcoin rises with dominance However, the problem is that the dominance has already fallen from the previous high price This is not the pattern that appears in bullish So, it is unfortunate that the funds have moved to another coin
If Bitcoin's dominance rises again, this problem will be solved Still, it's always nice to see Bitcoin's price going up However, the dominance is still low to buy other coins If Bitcoin's dominance rises to 66%, I will buy another coin At that time, I will actively buy other coins The 1 hour candle is not bad
Bearish candles also have tails, so it's okay I'll check Accumulation/Distribution, so far There was a lot of trading volume of Bearish Candles in this section And since Bitcoin's dominance has fallen, let's watch it Bitcoin continues to break through high prices, and it will be nearing $20,000 soon The price is a very bullish pattern
Let's check the divergence This is the section where divergence may appear Divergence is that prices rise, while indicators fall If the two are different in direction, there is a high possibility that the trend will change However, since the price is rising, the price is not high now
So there is no need to look at divergence Only the Commodity Channel Index is high, but it is meaningless The picture with the highest probability of divergence Double top, when the high price is lower than the previous price, If the indicator rises, then the trend is likely to change The rise in the surface means that whales can sell Since it is not such a picture now, it has no meaning
So you can't verify anything with divergence Now the price is in a parallel channel The most difficult to predict pattern on the chart is the parallel channel Even if the price goes out of the channel, it is difficult to predict Because parallel channels are irregular in width, prediction is difficult
So it is difficult to predict any price now Currently, charts are limited in terms of technical analysis There is not much trading volume, so I think I need to watch the charts a little more You guys can get a 20% discount on BYBIT fees through the sign up link on my channel
