You should watch for any movement that deviates from the 26243.0-30224.0 section.
If it falls at 25579.5, it is a short-term stop loss.
We need a strategy to prepare for this trend, as it is likely to gain support and rise in the 21800.0-24350.5 range.
Touch the uptrend lines (6) and (1) and be aware of the volatility that occurs.
It is at a price point where it will be so high that it won't be weird anytime the BTC price drops. Therefore, a response plan for the plunge must be in place.
As the USDT dominance touched the 2.754 point on December 27th, it seems that altcoins' price movements have become active. Therefore, I think the likelihood that altcoins will be on the uptrend in January has increased.
If you always watch the USDT Dominus chart together and trade, I think you will get a lot of help.
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(BTC Dominance 1D Chart) You should watch for any movement that deviates from the 69.80-75.13 segment. You also need to see if you can drop below the 67.44 point.
We believe that the plunge in XRP, which has a high market cap ranking, contributed to the rise in BTC dominance. Therefore, it seems that BTC dominance should only check the flow of decline and rise.
(XRP Dominance 1W Chart) It is expected to break below the 1.38 point for the first time after breaking above the 1.38 point in March 2017.
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(USDT Dominance 1D Chart) As you move down along the downtrend line (6), you need to make sure it touches the 2.754 point. If it does not rise above the downtrend line (2) or the 3.285 point, the downtrend is expected to continue.
We believe that the USDT dominance should fall so that the coin market is likely to be on an uptrend.
** 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 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)
ملاحظة
(XBTUSD 1h chart)-Short term strategy A short-term strategy for the sideways and out-of-phase flows in the 25115.0-25613.5 section and the 27607.0-28105.5 section has been published.
(LONG) 1. Entry point: When exceeding the 25613.5 point Target point: 1st 26610.5 or higher, 2nd 27607.0 or higher Stop Loss: 25115.0 point
2. Entry point: When it exceeds 28105.5 point Target point: 29601.0 point or higher Stop Loss: 27607.0 point
(SHORT) 1. Entry point: When breaking below the 27607.0 point Target point: 1st 26610.5 or less, 2nd 25613.5 or less Stop Loss: 28105.5 point
2. Entry point: When breaking below 25115.0 point Target point: less than 24252.5 point Stop Loss: 25579.5 point
ملاحظة
(OKEX BTCUSDTPERP 1h chart)-Short term strategy Short-term strategies have been published for the sideways and deviant flows in the 25073.5-25568.4 section and the 27548.0-28042.9 section.
(LONG) 1. Entry point: When breaking above the 25568.4 point Target point: 1st 26558.2 point or higher, 2nd 27548.0 point or higher Stop Loss: 25154.9 point
2. Entry point: When exceeding 28042.9 point Target point: 28792.5 points or more Stop Loss: 27548.0 points
(SHORT) 1. Entry point: When breaking below the 27548.0 point Target point: 1st 26558.2 or less, 2nd 25568.4 or less Stop Loss: 28042.9 point
2. Entry point: When breaking down from 25073.5 point Target point: 24548.7 point or less Stop Loss: 25568.4 point
ملاحظة
(CME Bitcoin (BTC1!) 1D chart) It started with a rise in the gap (27110.0-26955.0). We must see if we can climb above the 27465.0 point.
If it falls, we need to see if we can get support at the 24965.0-25590.0 range and move up along the uptrend line.
If it falls from the 24965.0 point, a Stop Loss is required to preserve profit and loss. By the way, you can touch the uptrend line and go up, so you need to trade carefully.
ملاحظة
(BAKKT Bitcoin (BTM1!) 1D chart) It started with an increase in the gap (27015.0-27087.5). We have to see if we can ascend above 28017.5 points.
If it falls, it remains to be seen if it can gain support at the 25405.0-26058.0 range and climb along the uptrend line.
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