Bitcoin (BTC) - January 16
Happy New Year!!!
Dear traders, nice to meet you.
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The volatility around January 15th (January 14-16) will have to watch for movements that deviate from the 35818.61-40169.80 range.
In particular, you need to make sure you can get support at point 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 what to do in the 29300.0-33949.53 section.
During the period of volatility around January 15-22, we should watch for movements that deviate from 35818.61-40169.80.
It is not easy to predict BTC price movements during periods of volatility.
Accordingly, I think it's good to pause trading and check the situation.
If you are going to trade, be aware of fakes that can occur due to sudden movements.
It is important not to trade according to the price flow caused by sudden movements.
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(OKEX BTCUSDT 1D chart)
Touching below 35490.7 point and rising.
We must see if we can ascend above 37645.3 points.
If you go down at 34559.3, you can touch 31577.0, so you need 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 section.
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(Coinbase BTCUSD 1D chart)
It remains to be seen if the volatility around January 17th causes any movement outside the 35890.94-40254.38 range.
In particular, you need to check if it breaks below the 34030.64 point and the uptrend line (6).
If it declines at 34030.64, a Stop Loss is required to preserve profit and 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 29321.0-34030.64 section.
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(BTC Dominance 1D Chart)
We need to see if the volatility around January 14th-21st will cause any movement out of zone A.
In particular, it remains to be seen if it can decline along the downtrend line (3).
I think BTC dominance is related to the rise and fall of altcoin prices rather than the rise and fall of BTC prices.
Accordingly, it is believed that the decline in BTC dominance caused the price of altcoins to rise.
Altcoins should fall below the 67.44 point in order to expect an overall rise.
However, it is thought that the support and resistance points have weakened due to the sharp decline in XRP.
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(USDT Dominance 1D Chart)
It remains to be seen where the volatility around January 15-23 gains support and resistance.
In particular, you should watch for any movement that deviates from 2.349-2.842.
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** All indicators are lagging indicators.
So, you need 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.
-------------------------------------------------- -----
The volatility around January 15th (January 14-16) will have to watch for movements that deviate from the 35818.61-40169.80 range.
In particular, you need to make sure you can get support at point 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 what to do in the 29300.0-33949.53 section.
During the period of volatility around January 15-22, we should watch for movements that deviate from 35818.61-40169.80.
It is not easy to predict BTC price movements during periods of volatility.
Accordingly, I think it's good to pause trading and check the situation.
If you are going to trade, be aware of fakes that can occur due to sudden movements.
It is important not to trade according to the price flow caused by sudden movements.
-------------------------------------------------- -
(OKEX BTCUSDT 1D chart)
Touching below 35490.7 point and rising.
We must see if we can ascend above 37645.3 points.
If you go down at 34559.3, you can touch 31577.0, so you need 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 section.
-------------------------------------------------- ---
(Coinbase BTCUSD 1D chart)
It remains to be seen if the volatility around January 17th causes any movement outside the 35890.94-40254.38 range.
In particular, you need to check if it breaks below the 34030.64 point and the uptrend line (6).
If it declines at 34030.64, a Stop Loss is required to preserve profit and 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 29321.0-34030.64 section.
------------------------------------------------
(BTC Dominance 1D Chart)
We need to see if the volatility around January 14th-21st will cause any movement out of zone A.
In particular, it remains to be seen if it can decline along the downtrend line (3).
I think BTC dominance is related to the rise and fall of altcoin prices rather than the rise and fall of BTC prices.
Accordingly, it is believed that the decline in BTC dominance caused the price of altcoins to rise.
Altcoins should fall below the 67.44 point in order to expect an overall rise.
However, it is thought that the support and resistance points have weakened due to the sharp decline in XRP.
-------------------------------------------------- -
(USDT Dominance 1D Chart)
It remains to be seen where the volatility around January 15-23 gains support and resistance.
In particular, you should watch for any movement that deviates from 2.349-2.842.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, you need 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)
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