Bitcoin (BTC) - January 29 (volatility period around January 28)

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The volatility period is around January 28th-around February 2nd.

We have to see if we can ascend above the 33949.53 point.

In order to turn into an uptrend, you must deviate from the downtrend line (9).
To do that, we have to see if we can ascend to the 34730.82-35818.61 range.

If it falls in the 27079.41-29300.0 interval, it is expected to turn into a downtrend, so think about how to respond.

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(OKEX BTCUSDT 1D chart)
snapshot
We have to see if we can get off the downtrend line (9).

If it falls in the 28165.8-29309.0 interval, it is expected to turn into a downtrend, so you need to think about how to respond.

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(Coinbase BTCUSD 1D chart)
snapshot
We have to see if we can ascend above the 34030.

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)
snapshot
It remains to be seen if the volatility between around January 28th and around February 7th leads to a movement that deviates from the 63.38-65.89 range.

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(USDT Dominance 1D Chart)
snapshot
It remains to be seen if it can move below the 2.541 point.
In particular, it remains to be seen if it can fall below the short-term uptrend line.

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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 to the DepthHouse Trading indicator, an indicator published by oh92. (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 and 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)
Nota
(BTC Dominance 1D Chart)
snapshot
For a new wave, I think there should be a movement toward centralizing funds toward BTC.
Fortunately, during this period of volatility, BTC price and BTC dominance are starting to rise.

It remains to be seen if this centralization will allow BTC dominance to touch the 65.89-67.44 range and fall.

Accordingly, altcoin prices may temporarily decline sideways.
At this time, if there is an altcoin that plunges, the altcoin is expected to rise the latest in the upcoming altcoin bull market.

The volatility period on the BTC Dominance Chart is between January 28th and February 7th.
Nota
(Binance BTCUSDT 1D chart)
snapshot
We have to see if we can break off the downtrend line (9) and get support at 35818.61.

This is a period of volatility, so you need to trade carefully.
Nota
(BTC Dominance 1D Chart)
snapshot

USDT Dominance 1D Chart)
snapshot

Movement is coming out with the flow I mentioned.
I think an additional bull market is starting.

Accordingly, it is necessary to think about how to recover the invested principal and realize the coins corresponding to the remaining profit.

Altcoin's price increase is expected to begin when BTC rises above 40K.
I think this is a phenomenon resulting from the concentration of funds toward BTC.
Bitcoin (Cryptocurrency)btcdominanceBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysisusdtdominance

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