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Dear traders, nice to meet you.
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We need to make sure we can get support at point 37994.21.
It remains to be seen if the volatility around January 11 results in a movement that deviates from the 35818.61-44520.98 range.
If it declines at 33949.53, you need Stop Loss to preserve your profit and loss.
If you touch the 27079.41-29300.0 section, I think there is a high possibility of turning into a downtrend.
Therefore, careful trading is necessary.
After 17:00 (UTC) on January 10th, the OKEX Perpetual market, that is, the derivatives market, was temporarily suspended.
(From the left, OKEX, BITMEX, BINANCE are in order.)
It rebounded from the downtrend with a difference of about $2,600.
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(OKEX BTCUSDT 1D chart)
We need to see if we can get support and climb at 37645.3.
You should watch for any movement that deviates from the 35490.7-44109.2 segment.
If it falls at 34559.3, you need a Stop Loss to preserve your profit or loss.
If you touch the 28165.8-29309.0 section, I think there is a high possibility of turning into a downtrend.
Therefore, careful trading is necessary.
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(Coinbase BTCUSD 1D chart)
You need to make sure you can get support at point 38072.66.
It remains to be seen if the volatility around January 11th causes any movement outside the 35890.94-44617.82 range.
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.
Therefore, careful trading is necessary.
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(BTC Dominance 1D Chart)
You need to see if you can get resistance at the uptrend line (2).
We need to see if it moves sideways between the uptrend line (1)-(2) and goes into section A.
If it doesn't fall below the uptrend line (1), BTC dominance will eventually rise.
Accordingly, it is necessary to check the price change of altcoins.
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(USDT Dominance 1D Chart)
We are currently trying to break the downtrend line.
You need to make sure you can get resistance in the 2.349-2.406 range.
The next volatility period is around January 15th.
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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)
** 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.
-------------------------------------------------- -----
We need to make sure we can get support at point 37994.21.
It remains to be seen if the volatility around January 11 results in a movement that deviates from the 35818.61-44520.98 range.
If it declines at 33949.53, you need Stop Loss to preserve your profit and loss.
If you touch the 27079.41-29300.0 section, I think there is a high possibility of turning into a downtrend.
Therefore, careful trading is necessary.
After 17:00 (UTC) on January 10th, the OKEX Perpetual market, that is, the derivatives market, was temporarily suspended.
It rebounded from the downtrend with a difference of about $2,600.
-------------------------------------------------- ---
(OKEX BTCUSDT 1D chart)
You should watch for any movement that deviates from the 35490.7-44109.2 segment.
If it falls at 34559.3, you need a Stop Loss to preserve your profit or loss.
If you touch the 28165.8-29309.0 section, I think there is a high possibility of turning into a downtrend.
Therefore, careful trading is necessary.
-------------------------------------------------- -
(Coinbase BTCUSD 1D chart)
It remains to be seen if the volatility around January 11th causes any movement outside the 35890.94-44617.82 range.
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.
Therefore, careful trading is necessary.
------------------------------------------------
(BTC Dominance 1D Chart)
We need to see if it moves sideways between the uptrend line (1)-(2) and goes into section A.
If it doesn't fall below the uptrend line (1), BTC dominance will eventually rise.
Accordingly, it is necessary to check the price change of altcoins.
------------------------------------------------
(USDT Dominance 1D Chart)
You need to make sure you can get resistance in the 2.349-2.406 range.
The next volatility period is around January 15th.
-------------------------------------------------- -------------------------------------------
** 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)
** 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)
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
You should check the flow through the 15th.
We need to see if BTC dominance and USDT dominance can decline at the same time.
(BTC Dominance 1D Chart)
(USDT Dominance 1D Chart)