(1M chart) If the downtrend progresses, we expect the possibility of touching in the order shown on the chart.
(1W chart) We must see if we can move above the 33062.5 point to prevent the Heikin Ashi candle from turning into a falling candle.
On the CCI-RC indicator, you should check if the CCI line moves along the uptrend line. Also, if it falls, you need to touch the EMA line and see if it rises.
(1D chart) It remains to be seen if the volatility around January 23rd (January 22-24) leads to a movement that deviates from the uptrend line (1)-downtrend line (8).
In particular, it remains to be seen if it can rise above the 34107.5 point.
If it is supported at the 31589.5 point, I think there is a possibility of further upside as it will fall into the upper side of the 28308.0-34871.0 section, which is the upper sideways section, 31589.5-34871.0 section.
If you don't get support at 31589.5, you should check if you are rising along the uptrend line (1).
It declined at 34107.5, indicating a short-term downtrend. However, I believe that this trend falls below the 27039.5 point in order to lead to a bearish market.
The current trend is a short-term downtrend, which may be a move to a bigger upside in a'Pull Back' pattern with price adjustments, or it may be an adjustment stage to enter a bearish market.
Therefore, you need to trade according to the valuation price of your coins.
I think it's a good idea to check the flow with a volatility period until January 24th.
(USDT Dominance 1D Chart) The volatility around January 23rd (January 22-24) touches the 2.842 point or the downtrend line (2) and is falling. You need to make sure you can get resistance at point 2.754. You also need to see if you can drop below the 2.541 point to stop the short-term uptrend.
** 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) ** 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 or CME and BAKKT exchanges were closed because they are not trading 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
Comentário
(CME Bitcoin (BTC1!) 1D chart) It started with a fall in the gap (31920.0-30825.0). If it fell from 33780.0, it was the Stop Loss point to preserve profit and loss. If it falls from the 29700.0 point, there is a possibility of a downtrend, so careful trading is necessary.
It will be supported at 31400 and see if the volatility around January 27 will lead to a move outside the 28205.0-34595.0 range.
If it falls, we need to see if it can rise along the uptrend line (2).
Comentário
(BAKKT Bitcoin (BTM1!) 1D chart) It started with a drop in the gap (31570.0-30525.0).
If it falls from 34220.0, you can touch 28049.0, so it was the point where Stop Loss was needed to preserve profit and loss.
With support at 31312.5, it remains to be seen if it can climb along the uptrend line (2).
The next volatility period is around February 2nd.
Comentário
(OKEX BTCUSDTPERP 1h chart) Check the movement before and after the time indicated on the chart.
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