You need to make sure you can get support at point 40340.0. You should also watch for any movement that deviates from the 40340.0-41433.5 segment. If it falls, you need to make sure you get support at 38152.5.
If you touch the 27039.5-29350.0 section, I think there is a high possibility that it will turn into a downtrend. Accordingly, if it falls at 34107.5, a Stop Loss is required to preserve profit and loss.
Looking at the wRSI_SR indicator, you should watch the flow in the direction of the arrow. If the RS line rises above 80, further gains are expected. Accordingly, we need to see if we can get support by breaking above the 41433.5 point.
However, from the CCI-RC indicator, it is expected that the CCI line will touch the uptrend line, so careful trading is necessary. If the CCI line breaks below the uptrend line, there is a possibility that the BTC price rise will rise shortly in the short term and then fall.
You should watch for any movement that deviates from the 35964.5-44715.0 segment. At this point, you should check if you can climb along the uptrend line (7).
We have to watch a little more because we know if the flow like section A comes out.
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(BTC Dominance 1D Chart) You need to make sure you can get resistance at the 69.80 point. You should watch for any movement that deviates from 67.44-72.54.
You should watch as you can touch the uptrend line in turn between January 14th and 21st.
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(USDT Dominance 1D Chart) It remains to be seen if the volatility around January 10th (January 9-11) leads to a movement that deviates from the 1.952-2.541 range.
It is expected that there will be a further downturn or a move up after a sideways move.
If it rises above the 2.406 point, the coin market is expected to begin to decline. At this point, you can touch the downtrend line (6) and go down, so you need to trade carefully.
** 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)
ملاحظة
(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 breaking above the 37569.0 point Target point: 1st 38566 point or higher, 2nd 39563 point or higher Stop Loss: 37070.5 point
2. Entry point: When it exceeds 40061.5 point Target point: 41556.5 points or more Stop Loss: 39563.0 point
(SHORT) 1. Entry point: When breaking below 39563.0 point Target point: 1st 38566.0 point or less, 2nd 37569.0 point or less Stop Loss: 40061.5 points
2. Entry point: When breaking below 37070.5 point Target point: 35575.0 point or less Stop Loss: 37569.0 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 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 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 the 37442.9 point Target point: 1st 38432.7 point or higher, 2nd 39422.5 point or higher Stop Loss: 36948.0 point
2. Entry point: When breaking above the 39917.4 point Target point: 41402.1 point or higher Stop Loss: 39422.5 point
(SHORT) 1. Entry point: When breaking down from the 39422.5 point Target point: 1st 38432.7 or less, 2nd 37442.9 or less Stop Loss: 39917.4 point
2. Entry point: When breaking below the 36948.0 point Target point: 35463.3 points or less Stop Loss: 37442.9 point
(Binance BTCUSDTPERP 1h chart) Think of a short-term strategy.
ملاحظة
(USDT Dominance 1h Chart) You should watch which trend line moves after the 11th of January time shown on the chart.
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