Bitcoin (BTC)-January 9

٨ يناير ٢٠٢١

Happy New Year!!!
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You need to make sure you can get support in the 40169.80-41257.59 section.

In the wRSI_SR indicator, we must see if the RS line can rise above 80.

If it falls between 34730.82-35818.61, Stop Loss is required to preserve profit and loss.

You need to trade carefully as you can get support and rebound at 33949.53.

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(BTC Dominance 1D Chart)

You should watch for any movement that deviates from 69.80-72.54.

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(USDT Dominance 1D Chart)

We must see if there is any movement that deviates from the 1.952-2.406 range due to volatility around January 10 (January 9-11).

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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: closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)