We have to see if we can get support at 34107.5. If it falls, you should touch 31589.5 point or the uptrend line (6) and see if you can move up along the uptrend line (6).
We need to see if the volatility around January 15-20 can rise between the uptrend line (6)-(7).
If you touch the 27039.5-29350.0 interval, it is likely to turn to the downtrend line. Accordingly, a strategy that can respond according to the flow in the section 29350.0-34107.5 is needed.
We must change the uptrend and see if we can continue the uptrend. To do that, we need to make sure that the price is maintained above the MS-Signal line.
In the wRSI_SR indicator, the RS line is below 20, that is, in the oversold section. It remains to be seen if volatility around January 15 could turn the RS line above 20, turning into a short-term uptrend.
On the CCI-RC indicator, it remains to be seen if the CCI line can touch the uptrend line and rise above the EMA line.
It is important to keep an eye on the movement around January 28th whether the'M' pattern will be completed and the trend will turn downward, or the'Pull back' pattern will be completed and the upward trend will continue.
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(BTC Dominance 1D Chart) It remains to be seen if the volatility around January 14 (January 13-15) leads to a movement that deviates from the 67.44-69.80 range.
It is expected that the direction will be decided between January 14 and 21 in section A.
(USDT Dominance 1D Chart) We have to see if we can get resistance in the 2.754-2.842 range. Also, we need to see if it can fall below the downtrend line (6). The next volatility period is around January 15th.
** All indicators are lagging indicators. So, it's important to know 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 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
(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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(LONG) 1. Entry point: When breaking above the 37569.0 point Target point: 1st 38566 point or higher, 2nd 39563 point or higher
Stop Loss: 37070.5 point 2. Entry point: When it exceeds 40061.5 point Target point: 41556.5 points or more Stop Loss: 39563.0 point
(SHORT) 1. Entry point: When breaking below 39563.0 point Target point: 1st 38566.0 point or less, 2nd 37569.0 point or less Stop Loss: 40061.5 point
2. Entry point: When breaking below the 37070.5 point Target point: 35575.0 point or less Stop Loss: 37569.0 point
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If you continue to read my article, I think you won't need entry points, target points, and Stop Loss. 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 have invested a lot of time and verified it.
It's also important to get a lot of profits from short-term strategies, but if you think that short-term strategies will increase your ability to trade mechanically, I think you'll start to get good results.
Nota
(CME Bitcoin (BTC1!) 1D chart) It started with a drop in the gap (34500.0-34055.0). We have to see if we can get support at 31400.0 and follow the uptrend line (3). If it falls from the 29700.0 point, there is a possibility of a downtrend, so careful trading is necessary.
Nota
(BAKKT Bitcoin (BTM1!) 1D chart) It started with a fall in the gap (34910.0-32957.5). You should watch for any movement that deviates from the 31312.5-34576.5 section. We need to see if it can rise along the uptrend line (3).
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