Bitcoin (including BTC, short-term strategy) - January 11
Updated
Happy New Year!!!
Dear traders, nice to meet you.
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You need to make sure you can get support at point 38152.5.
You should watch for any movement that deviates from the 35964.5-40340.0 segment.
If it falls at 34107.5, a Stop Loss is needed to preserve profit and loss.
If you touch the 27039.5-29350.0 section, I think there is a high possibility of turning into a downtrend.
Therefore, careful trading is necessary.
Looking at the wRSI_SR indicator, you should watch the flow in the direction of the arrow.
Therefore, the flow until around January 15th is important.
In the CCI-RC indicator, the CCI line is breaking below the uptrend line.
Touch the EMA line and see if you can climb.
If you find a good trend in the current situation,
1. A flow that goes sideways while being supported at 38152.5
2. Upward flow along the uptrend line (7)
Also, we need to see if a flow similar to that of section A can come out.
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(BTC Dominance 1D Chart)
You need to see if you can get resistance at the uptrend line (2).
We need to see if it moves sideways between the uptrend line (1)-(2) and goes into section A.
If it doesn't fall below the uptrend line (1), BTC dominance will eventually rise.
Accordingly, it is necessary to check the price change of altcoins.
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(USDT Dominance 1D Chart)
We are currently trying to break the downtrend line.
You need to make sure you can get resistance in the 2.349-2.406 range.
The next volatility period is around January 15th.
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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)
** 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.
-------------------------------------------------- -----
You need to make sure you can get support at point 38152.5.
You should watch for any movement that deviates from the 35964.5-40340.0 segment.
If it falls at 34107.5, a Stop Loss is needed to preserve profit and loss.
If you touch the 27039.5-29350.0 section, I think there is a high possibility of turning into a downtrend.
Therefore, careful trading is necessary.
Looking at the wRSI_SR indicator, you should watch the flow in the direction of the arrow.
Therefore, the flow until around January 15th is important.
In the CCI-RC indicator, the CCI line is breaking below the uptrend line.
Touch the EMA line and see if you can climb.
If you find a good trend in the current situation,
1. A flow that goes sideways while being supported at 38152.5
2. Upward flow along the uptrend line (7)
Also, we need to see if a flow similar to that of section A can come out.
------------------------------------------------
(BTC Dominance 1D Chart)
You need to see if you can get resistance at the uptrend line (2).
We need to see if it moves sideways between the uptrend line (1)-(2) and goes into section A.
If it doesn't fall below the uptrend line (1), BTC dominance will eventually rise.
Accordingly, it is necessary to check the price change of altcoins.
------------------------------------------------
(USDT Dominance 1D Chart)
We are currently trying to break the downtrend line.
You need to make sure you can get resistance in the 2.349-2.406 range.
The next volatility period is around January 15th.
-------------------------------------------------- -------------------------------------------
** 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)
** 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
(CME Bitcoin (BTC1!) 1D chart)It started with a fall in the gap (39520.0-38925.0).
We need to see if we can get support at 37790.0 and move up along the uptrend line.
Note
(XBTUSD 1h chart)-Short term strategy
If you forcefully enter a position and start trading, you will end up losing more.
If you keep the section where you enter the position and the Stop Loss point, I think you can close the position with profit.
---------------------------------
(LONG)
1. Entry point: When breaking above the 37569.0 point
Target point: 1st 38566 point or higher, 2nd 39563 point or higher
Stop Loss: 37070.5 point
2. Entry point: When it exceeds 40061.5 point
Target point: 41556.5 points or more
Stop Loss: 39563.0 point
(SHORT)
1. Entry point: When breaking below 39563.0 point
Target point: 1st 38566.0 point or less, 2nd 37569.0 point or less
Stop Loss: 40061.5 points
2. Entry point: When breaking below 37070.5 point
Target point: 35575.0 point or less
Stop Loss: 37569.0 point
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If you continue to read my article, I think you won't need entry points, target points, and Stop Loss.
I think you understand where the movement begins.
We are trying to tell you easily in a format that anyone can understand.
However, I think that whether or not you can proceed with the transaction by digesting it with your own, it depends on whether you have invested a lot of time and verified it.
It's also important to get a lot of profits from short-term strategies, but if you think that short-term strategies increase your ability to trade mechanically, I think you'll definitely start to get good results.
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG)
1. Entry point: When breaking above the 37442.9 point
Target point: 1st 38432.7 point or higher, 2nd 39422.5 point or higher
Stop Loss: 36948.0 point
2. Entry point: When breaking above the 39917.4 point
Target point: 41402.1 point or higher
Stop Loss: 39422.5 point
(SHORT)
1. Entry point: When breaking down from the 39422.5 point
Target point: 1st 38432.7 or less, 2nd 37442.9 or less
Stop Loss: 39917.4 point
2. Entry point: When breaking below the 36948.0 point
Target point: 35463.3 points or less
Stop Loss: 37442.9 point
(Binance BTCUSDTPERP 1h chart)
Think of a short-term strategy.
Note
(BAKKT Bitcoin (BTM1!) 1D chart)It started with a fall in the gap (40187.5-37367.5).
You should watch for any movement outside the 35664.0-40016.0 segment.
Also, we have to see if we can climb above the 37840.0 point.
Note
A strange sign has occurred.You should check the flow through the 15th.
We need to see if BTC dominance and USDT dominance can decline at the same time.
(BTC Dominance 1D Chart)
(USDT Dominance 1D Chart)
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