Bitcoin (BTC) - January 21
Updated
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We need to see if we can get support from 34730.82-35818.61 and climb above 37994.21.
If it falls at 33949.53, you need a Stop Loss to preserve profit or loss.
If you touch the 27079.41-29300.0 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about how to deal with it in the 29300.0 -33949.53 section.
It remains to be seen if the volatility around January 22nd (January 21-23) can rise along the upward trend line (7).
In particular, it remains to be seen if it can deviate from the downtrend line (9).
In the wRSI_SR indicator, the RS line did not rise more than 50 and fell below 20 again.
If both BTC dominance and USDT dominance rise during this period, I think there is a high possibility of a sharp decline.
Currently, BTC dominance is on the downtrend, so if you keep the price above 33949.53, it is expected to rise.
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(OKEX BTCUSDT 1D chart)
We need to see if we can get support from 34413.4-35490.7 and climb above 37645.3.
If you decline at 34559.3, you can touch 31577.0, so it's a short stop loss.
If you touch the 28165.8-29309.0 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about how to deal with it in the 29309.0 -34559.3 interval.
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(Coinbase BTCUSD 1D chart)
We have to see if we can get support from 34800.08-35890.94 and climb above 38072.66.
In particular, it remains to be seen if it can rise along the uptrend line (6).
If it declines at 34030.64, you need a Stop Loss to preserve profit or loss.
If you touch the 27040.36-29321.90 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about how to deal with it in the 29321.90-34030.64 section.
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(BTC Dominance 1D Chart)
It remains to be seen if the volatility around January 21 results in any movement that deviates from the 64.86-65.89 range.
The volatility period around January 21st (January 20-22) is expected to be a significant turnoff, so we recommend stopping trading for a while and watching the situation.
The altcoin price seems to be falling, but when you see the closing price form, there are many coins that are in the same position or rising.
Depending on the position of your criticism, trading is at the point of time completely different.
Accordingly, it is time to trade according to your rating.
I think the decline in BTC dominance has slowed down the BTC price fluctuations and is only slowly falling.
If it gets support at any point, it is expected that a surge will occur when it breaks down from that point.
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(USDT Dominance 1D Chart)
We'll see if we can get resistance at 2.541 and drop below 2.349.
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** All indicators are lagging indicators.
So, it's important to be aware 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.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** 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 or losses can be preserved or additionally entered through installment transactions. It is 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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We need to see if we can get support from 34730.82-35818.61 and climb above 37994.21.
If it falls at 33949.53, you need a Stop Loss to preserve profit or loss.
If you touch the 27079.41-29300.0 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about how to deal with it in the 29300.0 -33949.53 section.
It remains to be seen if the volatility around January 22nd (January 21-23) can rise along the upward trend line (7).
In particular, it remains to be seen if it can deviate from the downtrend line (9).
In the wRSI_SR indicator, the RS line did not rise more than 50 and fell below 20 again.
If both BTC dominance and USDT dominance rise during this period, I think there is a high possibility of a sharp decline.
Currently, BTC dominance is on the downtrend, so if you keep the price above 33949.53, it is expected to rise.
-------------------------------------------------- -
(OKEX BTCUSDT 1D chart)
We need to see if we can get support from 34413.4-35490.7 and climb above 37645.3.
If you decline at 34559.3, you can touch 31577.0, so it's a short stop loss.
If you touch the 28165.8-29309.0 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about how to deal with it in the 29309.0 -34559.3 interval.
-------------------------------------------------- -
(Coinbase BTCUSD 1D chart)
We have to see if we can get support from 34800.08-35890.94 and climb above 38072.66.
In particular, it remains to be seen if it can rise along the uptrend line (6).
If it declines at 34030.64, you need a Stop Loss to preserve profit or loss.
If you touch the 27040.36-29321.90 section, I think there is a high possibility of turning into a downtrend.
So, you have to think about how to deal with it in the 29321.90-34030.64 section.
-------------------------------------------------- -
(BTC Dominance 1D Chart)
It remains to be seen if the volatility around January 21 results in any movement that deviates from the 64.86-65.89 range.
The volatility period around January 21st (January 20-22) is expected to be a significant turnoff, so we recommend stopping trading for a while and watching the situation.
The altcoin price seems to be falling, but when you see the closing price form, there are many coins that are in the same position or rising.
Depending on the position of your criticism, trading is at the point of time completely different.
Accordingly, it is time to trade according to your rating.
I think the decline in BTC dominance has slowed down the BTC price fluctuations and is only slowly falling.
If it gets support at any point, it is expected that a surge will occur when it breaks down from that point.
--------------------------------------------------
(USDT Dominance 1D Chart)
We'll see if we can get resistance at 2.541 and drop below 2.349.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware 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.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula from the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** 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 or losses can be preserved or additionally entered through installment transactions. It is 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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Note
(XBTUSD 1W chart)It is falling without force.
(1M chart)
I think you need to touch the 1st section, 27039.5-29350.0 section, to turn to the downtrend.
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(BTC Dominance 1D Chart)
The downtrend is continuing, and the current position is about to turn into a mid- to long-term downtrend.
(USDT Dominance 1D Chart)
There is a movement to turn into a short-term uptrend.
To prevent this, you have to drop below the 2.541 point.
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Taken together, I think it's cooling the indicators on the 1W chart.
Based on the XBTUSD chart, the 34107.5 point is the point that can turn into a short-term downtrend, and a stop loss is required to preserve profit and loss.
(1D chart)
I think we need to find a way to cope with the interval between 29350.0-34107.5, which I mentioned a few days ago.
I think it's a section that can rise anytime unless it's a sharp decline.
It remains to be seen if the OBV indicator in the volume indicator rebounds at 13.496B.
I think it's a desire to realize profits from a lot of buys and a price adjustment period to buy more at a lower price.
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