We need to see if there is any movement outside the 35964.5-40340.0 range due to volatility around January 15-20. In particular, it remains to be seen if it can rise above the 38152.5 point and the downtrend line (8).
If it declines at 34107.5, you need a Stop Loss to preserve profit or loss.
If you touch the 27039.5-29350.0 section, I think there is a high possibility of turning into a downtrend. Accordingly, you need to think about how to respond in the interval 29350.0-34107.5.
In the wRSI_SR indicator, we must see if the RS line can break above the SR line. Also, in the CCI-RC indicator, we must watch whether the CCI line attempts to break above the EMA line.
However, as BTC price moves rapidly, it may touch the uptrend line (6) and rise, so careful trading is necessary. This is a phenomenon that occurs as funds move toward altcoins, so we hope to maximize profits by devising countermeasures.
If you climb above the 40340.0 point, you should check the flow. This is because it can complete the'M' pattern and turn it into a downtrend. Therefore, it is expected that the direction will be decided again at 40340.0-41433.5. I think this trend is likely to happen between January 28th and February 4th.
The price range you are in is in the highs, so you should always be prepared for declines. To do so, you must make every effort to realize profit by subdividing the stop loss setting and target point according to the position of your rating price.
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(BTC Dominance 1D Chart) You need to see if you can get resistance at the uptrend line (1). You should also watch for any movement that deviates from 65.89-67.44.
It is expected that the direction has already been decided between January 14th and 21st. However, it is worth seeing if it rises above 67.44 points due to volatility around January 21st.
(USDT Dominance 1D Chart) It remains to be seen if it can move below the 2.349 point. You also need to make sure you can get resistance at point 2.541.
It remains to be seen if the volatility around the 23rd of January leads to any movement that deviates from the 1.952-2.842 range.
** 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) ** 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)
註釋
(CME Bitcoin (BTC1!) 1D chart) It started with an increase in the gap (35625.0-36250.0). We have to see if we can get support and climb at 36375.0.
We need to see if there is any movement outside the 35660.0-39915.0 range due to volatility around January 15th.
If it falls from the 33780.0 point, you need a Stop Loss to preserve profit or loss.
If it falls from the 29700.0 point, there is a possibility of a downtrend, so careful trading is necessary.
註釋
(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 it exceeds 34080.0 point Target point: 1st 35575.0 point or higher, 2nd 37070.5 point or higher Stop Loss: 33581.5 points
2. Entry point: When breaking above 37569.0 point Target point: 38566.0 point or higher Stop Loss: 37070.5 point
(SHORT) 1. Entry point: When breaking below 37070.5 point Target point: 1st 35575.0 or less, 2nd 34080.0 or less Stop Loss: 37569.0 point
2. Entry point: When breaking down the 33581.5 point Target point: 32584.5 points or less Stop Loss: 34080.0 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 definitely start to get good results.
(OKEX BTCUSDTPERP 1h chart)-Short term strategy
(LONG) 1. Entry point: When breaking above 33978.6 point Target point: 1st 35463.3 point or higher, 2nd 36948.0 point or higher Stop Loss: 33483.7 points
2. Entry point: When exceeding the 37442.9 point Target point: 38432.7 point or higher Stop Loss: 36948.0 point
(SHORT) 1. Entry point: When breaking below the 36948.0 point Target point: 1st 35463.3 point or less, 2nd 33978.6 point or less Stop Loss: 37442.9 point
2. Entry point: When breaking below the 36948.0 point Target point: 35463.3 points or less Stop Loss: 37442.9 point
註釋
(BAKKT Bitcoin (BTM1!) 1D chart) It started with an increase in the gap (36762.5-37300.0). We must see if we can climb above the 37840.0 point for support.
It remains to be seen if the volatility around January 19th will cause any movement outside the 35664.0-40016.0 segment.
If you fall from 34220.0 point, you can touch 28049.0 point, so you need Stop Loss to preserve profit or loss.