Bitcoin (including BTC, short-term strategy) - January 5
Updated
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Volatility occurred from 34896.0 point to 27650.0.
It remains to be seen if the volatility around January 7th after a sideways movement in the 30823.5-32058.0 section can increase.
You need to see if you can climb along the uptrend line (6) between around 7th and 15th January.
If you touch or not touch the uptrend line (6), and if it rises, it is expected to continue the uptrend.
However, if it falls from the uptrend line (6), it is expected to touch the uptrend line (1).
If there is a flow of this, I will tell you then.
If it falls between 28972.0-29589.0, Stop Loss is required to preserve profit and loss.
This is because if it falls between 27039.5-29350.0, it is highly likely to turn into a downtrend.
It seems that we will be able to see if there is a move to increase the price higher or to decrease it.
More important than anything else, is there a way to deal with the ongoing investment?
If you don't yet have a way to deal with rising and falling prices, you need to think ahead.
From the wRSI_SR indicator, the RS line is falling below 80 as it breaks below the SR line.
If you touch the uptrend line (a), volatility may occur once again.
At this point, you need to make sure that the BTC price is supported at 30823.5.
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(BTC Dominance 1D Chart)
We'll see if we can get resistance at 69.80 and drop below 67.44.
I think that the rise and fall of BTC dominance is not related to the rise and fall of the BTC price, but to the rise and fall of the altcoin price.
Therefore, I think it has little to do with the decline in BTC price this time.
If BTC dominance falls below the 67.44 point, the altcoin price is likely to be on an upward trend.
Also, if it falls below the 63.38 point, the coin market is likely to be bullish.
Therefore, it is not possible to predict the rise and fall of BTC price on the BTC dominance chart.
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(USDT Dominance 1D Chart)
You should watch for movements that deviate from 2.349-2.754 between about January 5th and 10th.
Specifically, you need to see if you can get resistance at the downtrend line (6).
If the wRSI_SR indicator's short-term uptrend is resisted at the downtrend line (6), it is highly likely to lead to further declines.
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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 traditional 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: closing price when closed
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.
-------------------------------------------------- -----
Volatility occurred from 34896.0 point to 27650.0.
It remains to be seen if the volatility around January 7th after a sideways movement in the 30823.5-32058.0 section can increase.
You need to see if you can climb along the uptrend line (6) between around 7th and 15th January.
If you touch or not touch the uptrend line (6), and if it rises, it is expected to continue the uptrend.
However, if it falls from the uptrend line (6), it is expected to touch the uptrend line (1).
If there is a flow of this, I will tell you then.
If it falls between 28972.0-29589.0, Stop Loss is required to preserve profit and loss.
This is because if it falls between 27039.5-29350.0, it is highly likely to turn into a downtrend.
It seems that we will be able to see if there is a move to increase the price higher or to decrease it.
More important than anything else, is there a way to deal with the ongoing investment?
If you don't yet have a way to deal with rising and falling prices, you need to think ahead.
From the wRSI_SR indicator, the RS line is falling below 80 as it breaks below the SR line.
If you touch the uptrend line (a), volatility may occur once again.
At this point, you need to make sure that the BTC price is supported at 30823.5.
------------------------------------------------
(BTC Dominance 1D Chart)
We'll see if we can get resistance at 69.80 and drop below 67.44.
I think that the rise and fall of BTC dominance is not related to the rise and fall of the BTC price, but to the rise and fall of the altcoin price.
Therefore, I think it has little to do with the decline in BTC price this time.
If BTC dominance falls below the 67.44 point, the altcoin price is likely to be on an upward trend.
Also, if it falls below the 63.38 point, the coin market is likely to be bullish.
Therefore, it is not possible to predict the rise and fall of BTC price on the BTC dominance chart.
-------------------------------------------------
(USDT Dominance 1D Chart)
You should watch for movements that deviate from 2.349-2.754 between about January 5th and 10th.
Specifically, you need to see if you can get resistance at the downtrend line (6).
If the wRSI_SR indicator's short-term uptrend is resisted at the downtrend line (6), it is highly likely to lead to further declines.
-------------------------------------------------- -------------------------------------------
** 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 traditional 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: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Note
(CME Bitcoin (BTC1!) 1D chart)It started with an increase in the gap (31550.0-31655.0).
We must see if there is any movement outside the 32630.0-34460.0 range due to volatility around January 5th.
The upward trend continues with a large gap, so if it falls, I think there is a high possibility that it will fall to the 23465.0 point.
However, a rebound may occur in the 27130.0-29575.0 section, so careful trading is necessary.
If you decline from 32015.0, you need a short stop loss.
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.
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A short-term strategy between the 31096.5-31595.0 section and the 33588.5-34087.0 section has been published.
You should see the movement before and after the date and time shown on the chart.
If you continue to read my article, I think you will not need the entry point, target point, and Stop Loss that I wrote down below.
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 whether or not you can proceed with the transaction by digesting it with your own, it depends on whether you invest a lot of time and verify 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.
(LONG)
1. Entry point: When it exceeds 31595.0 point
Target point: 1st 32592.0 point or higher, 2nd 33588.5 point or higher
Stop Loss: 31096.5 point
2. Entry point: When it exceeds the 34087.0 point
Target point: 35582.5 points or more
Stop Loss: 33588.5 points
(SHORT)
1. Entry point: When breaking below 33588.5 point
Target point: 1st 32592.0 point or less, 2nd 31595.0 point or less
Stop Loss: 34087.0 point
2. Entry point: When breaking below the 31096.5 point
Target point: 29601.0 point or less
Stop Loss: 31595.0 point
Note
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
A short-term strategy between the 31012.3-31507.2 section and the 33486.8-33981.7 section is published.
(LONG)
1. Entry point: When breaking above 31507.2 point
Target point: 1st 32497.0 point or higher, 2nd 33486.8 point or higher
Stop Loss: 31012.3 point
2. Entry point: When breaking above the 33981.7 point
Target point: 35466.4 points or more
Stop Loss: 33489.8 point
(SHORT)
1. Entry point: When breaking below 33486.8 point
Target point: 1st 32497.0 point or less, 2nd 31507.2 point or less
Stop Loss: 33981.7 point
2. Entry point: When breaking below 31012.3 point
Target point: 29527.6 points or less
Stop Loss: 31507.2 point
(Binance BTCUSDTPERP 1h chart)
Think of a short-term strategy.
Note
(BAKKT Bitcoin (BTM1!) 1D chart)It started with a rise in the gap (31312.5-32695.0).
Make sure you can get support at 31377.5.
It remains to be seen if there is any movement deviating from the 30088.5-32666.5 range due to volatility around January 7th.
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