The volatility period is until February 3rd. Periods of volatility can lead to unpredictable flows, so you need to trade carefully.
It breaks above the downtrend line (9) and is rising. We have to see if we can get support from 34790.82-35818.61. In particular, you need to make sure you get support above the 35818.61 point.
If it falls, you need to see if you can keep the price above the downtrend line (9).
If it falls in the 27079.41-29300.0 interval, it is expected to turn into a downtrend, so you need to think about how to respond.
If you deviate from the downtrend line (9) and get support above the 35818.61 point, you are expected to reorient yourself near the 40169.80-41257.59 section.
If it rises from 40169.80-41257.59, it is expected to rise to 47784.37-48872.16.
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(OKEX BTCUSDT 1D chart) We need to see if we can get support at 34413.4-35490.7 and keep the price above the downtrend line (8).
If it falls in the 28165.8-29309.0 interval, it is expected to turn to a downtrend, so you need to think about how to respond.
(Coinbase BTCUSD 1D chart) It is on the rise, breaking above the downtrend line (8). We need to see if we can get support and climb on the 34800.08-35890.94 section
If it falls, we need to make sure it is supported at 34030.64. In particular, we have to see if we can keep the price above the downtrend line (8).
If it falls in the 27040.36-29321.90 range, it is expected to turn into a downtrend, so you need to think about how to respond.
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(BTC Dominance 1D Chart) It remains to be seen if the volatility between around January 28th and around February 7th will lead to movement that deviates from the 61.20-67.44 range. In particular, you need to make sure you can get resistance at 63.38.
If it continues to decline at 63.38, it is expected to be the bull market for altcoins.
(USDT Dominance 1D Chart) Between February 3 and 16, we should watch for any movement that deviates from the 2.541-2.754 section. In particular, it remains to be seen if it can decline along the downtrend line (2).
If it falls from the 2.541 point, I think there is a possibility to escape the uptrend. However, it must fall below the 2.349 point in order to show a certain movement.
** 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)
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