Bitcoin (XBT) - January 29 (volatility period around January 28)

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With volatility starting around January 28th (January 27-29), you can touch 29350.0 points and 35964.5 points, so you need to trade carefully.
In particular, it remains to be seen if it can rise above the 34107.5 point.

If it falls in the 27039.5-29350.0 interval, it is expected to turn into a downtrend, so you need to think about how to respond.

To get out of the downtrend, you need to get off the downtrend line (8).
To do that, you have to climb to the 34871.0-35964.5 range.


It remains to be seen if the volume indicator's OBV can rise as the buy width (green) increases near the 13.496B point.

On the wRSI_SR indicator, we have to see if the RS line can break above 50 points.

On the CCI-RC indicator, we have to see if the CCI line can touch 100 points and rise.

Volatility can occur when the above indicators move.
In order to prevent loss due to volatility that occurs at this time, it is recommended to set a wide support and resistance points for the coins you hold.

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(BTC Dominance 1D Chart)

It remains to be seen if the volatility between around January 28th and around February 7th leads to a movement that deviates from the 63.38-65.89 range.

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(USDT Dominance 1D Chart)

It remains to be seen if it can move below the 2.541 point.
In particular, it remains to be seen if it can fall below the short-term uptrend line.

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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)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator published by oh92. (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 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)

코멘트:

(CME Bitcoin (BTC1!) 1D chart)

It started with an increase in the gap (32790.0-33600.0).

If it falls from the 29700.0 point, there is a possibility of a downtrend, so careful trading is necessary.

The volatility around January 27th will have to see if there is any movement outside the 28205.0-34595.0 range.
In particular, we have to see if it can rise above the 33780.0 point.

The next volatility period is around February 5th.

코멘트:

(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 31587.5 point
Target point: 1st 32584.5 or higher, 2nd 33581.5 or higher
Stop Loss: 31089.0 point

2. Entry point: When it exceeds 34080.0 point
Target point: 35575.0 point or higher
Stop Loss: 33581.5 points

(SHORT)
1. Entry point: When breaking below the 33581.5 point
Target point: 1st 32584.5 or less, 2nd 31587.5 or less
Stop Loss: 34080.0 point

2. Entry point: When breaking below 31089.0 point
Target point: 29593.5 points or less
Stop Loss: 31587.5 points

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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 that 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.


(OKEX BTCUSDTPERP 1h chart)-Short term strategy

(LONG)
1. Entry point: When it exceeds 31504.0 point
Target point: 1st 32493.9 or higher, 2nd 33483.7 or higher
Stop Loss: 31009.2 point

2. Entry point: When breaking above 33978.6 point
Target point: 35463.3 points or more
Stop Loss: 33483.7 points

(SHORT)
1. Entry point: When breaking below 33483.7 point
Target point: 1st 32493.9 or less, 2nd 31504.1 or less
Stop Loss: 33978.6 point

2. Entry point: When breaking below 31009.2 point
Target point: 29524.5 points or less
Stop Loss: 31504.1 point

코멘트:

(BTC Dominance 1D Chart)

For a new wave, I think there should be a movement toward centralizing funds toward BTC.
Fortunately, during this period of volatility, BTC price and BTC dominance are starting to rise.

It remains to be seen if this centralization will allow BTC dominance to touch the 65.89-67.44 range and fall.

Accordingly, altcoin prices may temporarily decline sideways.
At this time, if there is an altcoin that plunges, the altcoin is expected to rise the latest in the upcoming altcoin bull market.

The volatility period on the BTC Dominance Chart is between January 28th and February 7th.

코멘트:

(BAKKT Bitcoin (BTM1!) 1D chart)

It started with an increase in the gap (30650.0-34000.0).

We have to see if we can get support at 34220.0 and climb above 34576.5.

You also need to see if you can climb along the uptrend line (3).

The next volatility period is around February 2nd.

코멘트:

(XBTUSD 1h chart)
(UTC)

Check the movement before and after the date and time shown on the chart.

With support at 31589.5-33062.5, we have to touch the downtrend line (2) and see if we can move up.

The M-Signal line on the 1D chart is passing near the 33062.5 point, so you need to check if it can rise above the 33062.5 point.

If it falls at 31589.5, we have to see if it can rise along the uptrend line (1).


BTC price is showing price correction after rising.
It is during periods of volatility, so careful trading is always necessary.

On the wRSI_SR indicator, the RS line is falling below 20.
It remains to be seen if it can turn into a short-term uptrend as it rises above 20.

On the CCI-RC indicator, we need to see if the CCI line can touch zero and rise.

USDT dominance is on the rise as the BTC price declines.
We'll see if we can get resistance up to the 2.754 point and drop below the 2.541 point.

코멘트:

(BTC Dominance 1D Chart)

USDT Dominance 1D Chart)

Movement is coming out with the flow I mentioned.
I think an additional bull market is starting.

Accordingly, it is necessary to think about how to recover the invested principal and realize the coins corresponding to the remaining profit.

Altcoin's price increase is expected to begin when BTC rises above 40K.
I think this is a phenomenon resulting from the concentration of funds toward BTC.